Mohawk Industries, Inc. (NYSE:MHK) Receives $123.33 Average Target Price from Analysts

Shares of Mohawk Industries, Inc. (NYSE:MHK) have earned an average rating of “Hold” from the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $123.3333.

A number of equities research analysts recently weighed in on MHK shares. Wells Fargo & Company dropped their price target on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Barclays dropped their price target on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Zacks Research cut Mohawk Industries from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. UBS Group reaffirmed a “neutral” rating and set a $140.00 price target on shares of Mohawk Industries in a report on Monday, February 16th. Finally, Evercore set a $110.00 price target on Mohawk Industries in a report on Monday, May 4th.

Mohawk Industries Trading Up 0.6%

MHK stock opened at $105.50 on Friday. The business has a fifty day moving average price of $102.45 and a 200 day moving average price of $110.87. Mohawk Industries has a fifty-two week low of $92.99 and a fifty-two week high of $143.13. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 2.60 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period last year, the firm posted $1.52 EPS. The business’s revenue was up 8.0% on a year-over-year basis. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Analysts expect that Mohawk Industries will post 8.67 EPS for the current fiscal year.

Insider Buying and Selling at Mohawk Industries

In other news, CEO Jeffrey S. Lorberbaum sold 5,000 shares of Mohawk Industries stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total value of $527,650.00. Following the completion of the sale, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at approximately $2,638,250. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Suzanne L. Helen sold 3,000 shares of Mohawk Industries stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $97.80, for a total value of $293,400.00. Following the completion of the sale, the insider directly owned 53,893 shares of the company’s stock, valued at $5,270,735.40. This trade represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,700 shares of company stock valued at $1,736,819 over the last three months. Insiders own 17.90% of the company’s stock.

Institutional Investors Weigh In On Mohawk Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of Mohawk Industries by 51.3% in the 1st quarter. NewEdge Advisors LLC now owns 3,278 shares of the company’s stock valued at $323,000 after buying an additional 1,112 shares during the period. Essential Partners LLC increased its stake in shares of Mohawk Industries by 129.3% in the 1st quarter. Essential Partners LLC now owns 1,892 shares of the company’s stock valued at $186,000 after buying an additional 1,067 shares during the period. Bank of America Corp DE increased its stake in shares of Mohawk Industries by 68.0% in the 1st quarter. Bank of America Corp DE now owns 444,345 shares of the company’s stock valued at $43,750,000 after buying an additional 179,925 shares during the period. Kentucky Retirement Systems acquired a new stake in shares of Mohawk Industries in the 1st quarter valued at $496,000. Finally, Lodge Hill Capital LLC increased its stake in shares of Mohawk Industries by 7.1% in the 1st quarter. Lodge Hill Capital LLC now owns 302,480 shares of the company’s stock valued at $29,782,000 after buying an additional 20,000 shares during the period. 78.98% of the stock is owned by institutional investors and hedge funds.

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.