Mohawk Industries (NYSE:MHK) Given New $96.00 Price Target at Barclays

Mohawk Industries (NYSE:MHK) had its target price cut by Barclays from $121.00 to $96.00 in a report published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts have also weighed in on MHK. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a research report on Wednesday, January 28th. UBS Group reissued a “neutral” rating and set a $140.00 target price on shares of Mohawk Industries in a report on Monday, February 16th. Wells Fargo & Company boosted their target price on Mohawk Industries from $110.00 to $125.00 and gave the stock a “cautious” rating in a report on Wednesday, February 11th. Robert W. Baird set a $156.00 target price on Mohawk Industries in a report on Tuesday, February 17th. Finally, Jefferies Financial Group decreased their target price on Mohawk Industries from $134.00 to $128.00 and set a “hold” rating on the stock in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $134.80.

Mohawk Industries Stock Up 3.5%

NYSE:MHK opened at $101.04 on Wednesday. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.54 and a beta of 1.24. Mohawk Industries has a twelve month low of $94.56 and a twelve month high of $143.13. The stock’s 50 day moving average price is $114.00 and its two-hundred day moving average price is $115.58. The company has a quick ratio of 1.21, a current ratio of 2.19 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, February 12th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.02. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.68 billion. Mohawk Industries had a return on equity of 6.80% and a net margin of 3.43%.The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.95 EPS. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. Equities research analysts expect that Mohawk Industries will post 9.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 5,658 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $105.19, for a total transaction of $595,165.02. Following the transaction, the insider directly owned 61,935 shares of the company’s stock, valued at approximately $6,514,942.65. The trade was a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 12,000 shares of company stock worth $1,246,336. 17.40% of the stock is currently owned by insiders.

Institutional Trading of Mohawk Industries

Institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in Mohawk Industries in the 3rd quarter valued at $25,000. Bayforest Capital Ltd bought a new stake in Mohawk Industries in the 4th quarter valued at $27,000. Global Retirement Partners LLC boosted its stake in Mohawk Industries by 950.0% in the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after purchasing an additional 228 shares during the period. Transamerica Financial Advisors LLC boosted its stake in Mohawk Industries by 216.1% in the 4th 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. Finally, Quent Capital LLC bought a new stake in Mohawk Industries in the 3rd quarter valued at $33,000. 78.98% of the stock is currently owned by institutional investors.

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.