Mohawk Industries, Inc. (NYSE:MHK) Given Consensus Recommendation of “Hold” by Analysts

Mohawk Industries, Inc. (NYSE:MHK) has been given a consensus recommendation of “Hold” by the fifteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $123.3333.

Several research analysts have issued reports on MHK shares. Bank of America reaffirmed a “neutral” rating and issued a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. Wells Fargo & Company lowered their price objective on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft set a $109.00 target price on Mohawk Industries in a report on Tuesday, May 5th. Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Finally, JPMorgan Chase & Co. reduced their price objective on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th.

Insider Buying and Selling

In other Mohawk Industries news, CEO Jeffrey S. Lorberbaum sold 4,500 shares of Mohawk Industries stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $112.08, for a total value of $504,360.00. Following the completion of the sale, the chief executive officer owned 20,000 shares of the company’s stock, valued at approximately $2,241,600. The trade was a 18.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the sale, the insider owned 14,132 shares of the company’s stock, valued at approximately $1,596,492.04. This represents a 54.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 40,186 shares of company stock valued at $4,460,321 over the last quarter. Company insiders own 17.90% of the company’s stock.

Institutional Trading of Mohawk Industries

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in Mohawk Industries by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock worth $39,369,000 after purchasing an additional 42,655 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Mohawk Industries by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock worth $22,148,000 after purchasing an additional 1,175 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Mohawk Industries in the first quarter worth approximately $149,000. Creative Planning grew its position in Mohawk Industries by 10.2% during the second quarter. Creative Planning now owns 3,730 shares of the company’s stock valued at $391,000 after buying an additional 346 shares during the period. Finally, CW Advisors LLC purchased a new stake in Mohawk Industries during the second quarter valued at approximately $280,000. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

Mohawk Industries stock opened at $120.04 on Thursday. Mohawk Industries has a twelve month low of $92.99 and a twelve month high of $143.13. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $7.32 billion, a P/E ratio of 18.00, a PEG ratio of 3.00 and a beta of 1.18. The stock’s 50 day moving average is $106.58 and its 200 day moving average is $111.02.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.80 by $0.10. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, equities research analysts predict that Mohawk Industries will post 8.71 earnings per share for the current fiscal year.

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.