Mohawk Industries (NYSE:MHK) Price Target Raised to $132.00

Mohawk Industries (NYSE:MHK) had its price objective increased by Robert W. Baird from $112.00 to $132.00 in a research report released on Monday morning, MarketBeat reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. Zacks Research raised shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Deutsche Bank Aktiengesellschaft set a $109.00 price objective on Mohawk Industries in a report on Tuesday, May 5th. Truist Financial reduced their target price on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Finally, Bank of America reissued a “neutral” rating and set a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Mohawk Industries presently has an average rating of “Hold” and an average target price of $130.50.

Mohawk Industries Stock Down 0.7%

Shares of NYSE:MHK opened at $135.63 on Monday. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 2.83 and a beta of 1.18. Mohawk Industries has a 12-month low of $92.99 and a 12-month high of $143.13. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average price is $113.10 and its two-hundred day moving average price is $111.67.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $1.09. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same period last year, the company earned $2.77 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, research analysts forecast that Mohawk Industries will post 9.42 EPS for the current year.

Insider Activity

In other news, CEO Jeffrey S. Lorberbaum sold 53,314 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $131.57, for a total value of $7,014,522.98. Following the completion of the sale, the chief executive officer owned 10,000 shares of the company’s stock, valued at $1,315,700. This represents a 84.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $112.97, for a total value of $1,875,302.00. Following the completion of the sale, the insider owned 14,132 shares of the company’s stock, valued at approximately $1,596,492.04. This trade represents a 54.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 106,489 shares of company stock worth $13,184,331 over the last three months. 17.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mohawk Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Basecamp Wealth Advisors LLC boosted its holdings in Mohawk Industries by 2,281.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock worth $26,000 after acquiring an additional 251 shares during the period. Bayforest Capital Ltd purchased a new stake in shares of Mohawk Industries during the fourth quarter valued at approximately $27,000. Elevation Wealth Partners LLC lifted its position in shares of Mohawk Industries by 122.2% during the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock worth $27,000 after purchasing an additional 121 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after purchasing an additional 228 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its stake in shares of Mohawk Industries by 216.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after purchasing an additional 188 shares during the period. 78.98% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Mohawk Industries

Here are the key news stories impacting Mohawk Industries this week:

• Positive Sentiment: Truist raised its price target to $155 and maintained a Buy rating, citing confidence in Mohawk’s earnings recovery and operating improvements. Wells Fargo also increased its target to $125, although it retained an Equal Weight rating. Analyst price-target updates
• Positive Sentiment: Mohawk’s second-quarter results substantially exceeded expectations. EPS was $3.67 versus the $2.58 consensus estimate, while revenue reached $2.99 billion compared with expectations of $2.79 billion. Revenue increased 6.8% year over year, helped by pricing, productivity and stronger product execution. Mohawk Q2 earnings analysis
• Positive Sentiment: Productivity initiatives, restructuring benefits, pricing actions and improved cash generation strengthen the recovery case, even as the housing market remains challenging. Mohawk guided to third-quarter EPS of $2.38-$2.48. Mohawk investment analysis
• Neutral Sentiment: Investors are now focused on margin durability. The next catalyst is evidence that wider margins can persist without comparable tariff-refund benefits, particularly while residential flooring demand remains subdued. Margin durability analysis
• Negative Sentiment: Insider selling is adding caution. Director Suzanne L. Helen sold 7,000 shares for approximately $920,640, reducing her position by nearly half. Chief Accounting Officer David Lee Repp separately sold 225 shares for about $29,383. The transactions are not necessarily fundamental signals, but may pressure sentiment after the recent rally. Suzanne Helen SEC filing David Repp SEC filing
• Negative Sentiment: Valuation and analyst caution may limit near-term upside. Wells Fargo and Barclays maintain neutral ratings, while the consensus price target of $130.50 is below recent trading levels. Weak housing demand remains a key risk to the recovery. Mohawk recent performance analysis

About Mohawk Industries

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.