Mohawk Industries (NYSE:MHK) Shares Gap Up – What’s Next?

Shares of Mohawk Industries, Inc. (NYSE:MHK) gapped up prior to trading on Thursday . The stock had previously closed at $94.33, but opened at $98.77. Mohawk Industries shares last traded at $99.41, with a volume of 17,527 shares.

Analyst Ratings Changes

A number of brokerages have commented on MHK. UBS Group reiterated a “neutral” rating and issued a $140.00 price objective on shares of Mohawk Industries in a report on Monday, February 16th. Royal Bank Of Canada boosted their price objective on shares of Mohawk Industries from $122.00 to $135.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a report on Monday, April 27th. Robert W. Baird cut their price objective on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Finally, Truist Financial cut their target price on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Mohawk Industries presently has an average rating of “Hold” and an average target price of $123.33.

Mohawk Industries Trading Down 1.6%

The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 2.31 and a beta of 1.20. The firm’s 50 day moving average is $101.92 and its two-hundred day moving average is $111.22. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.10. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. Mohawk Industries’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Equities analysts anticipate that Mohawk Industries, Inc. will post 8.78 EPS for the current year.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 3,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $97.80, for a total transaction of $293,400.00. Following the sale, the insider owned 53,893 shares in the company, valued at $5,270,735.40. This represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 12,000 shares of company stock worth $1,246,336 in the last quarter. 17.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MHK. Norges Bank bought a new position in Mohawk Industries in the 4th quarter worth about $77,528,000. AQR Capital Management LLC grew its position in Mohawk Industries by 73.9% in the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock worth $200,922,000 after purchasing an additional 670,601 shares during the last quarter. Steadfast Capital Management LP grew its position in Mohawk Industries by 96.3% in the 3rd quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock worth $120,837,000 after purchasing an additional 459,700 shares during the last quarter. ARGA Investment Management LP grew its position in Mohawk Industries by 1,508.1% in the 3rd quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock worth $63,008,000 after purchasing an additional 458,349 shares during the last quarter. Finally, Candlestick Capital Management LP bought a new position in Mohawk Industries in the 3rd quarter worth about $53,320,000. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Company Profile

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.