Brokerages Set Mohawk Industries, Inc. (NYSE:MHK) PT at $130.50

Shares of Mohawk Industries, Inc. (NYSE:MHK) have been given an average rating of “Hold” by the sixteen ratings firms that are currently covering the firm, MarketBeat reports. Twelve investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $130.50.

Several equities research analysts recently commented on MHK shares. Wells Fargo & Company increased their price target on Mohawk Industries from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Royal Bank Of Canada raised their target price on Mohawk Industries from $117.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Monday, August 3rd. Robert W. Baird boosted their price target on shares of Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Finally, Weiss Ratings raised shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th.

Insider Activity

In related news, CEO Jeffrey S. Lorberbaum sold 53,314 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 10,000 shares in the company, valued at approximately $1,315,700. This represents a 84.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO David Repp sold 225 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $130.59, for a total value of $29,382.75. Following the transaction, the chief accounting officer owned 1,786 shares of the company’s stock, valued at approximately $233,233.74. This represents a 11.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 110,686 shares of company stock worth $14,048,438. Corporate insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System lifted its stake in Mohawk Industries by 11,690.0% in the second quarter. California State Teachers Retirement System now owns 7,215,980 shares of the company’s stock worth $875,515,000 after acquiring an additional 7,154,776 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Mohawk Industries in the 2nd quarter valued at $777,293,000. Dimensional Fund Advisors LP lifted its position in shares of Mohawk Industries by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,219,318 shares of the company’s stock worth $316,962,000 after purchasing an additional 80,761 shares during the last quarter. State Street Corp lifted its position in shares of Mohawk Industries by 2.1% during the 2nd quarter. State Street Corp now owns 1,915,831 shares of the company’s stock worth $200,856,000 after purchasing an additional 39,556 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Mohawk Industries by 15.9% during the fourth quarter. AQR Capital Management LLC now owns 1,829,347 shares of the company’s stock worth $199,948,000 after purchasing an additional 251,012 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Trading Down 3.0%

Shares of MHK opened at $124.13 on Tuesday. Mohawk Industries has a 52-week low of $92.99 and a 52-week high of $140.30. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average is $124.55 and its two-hundred day moving average is $112.81. The stock has a market cap of $8.41 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.85 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the prior year, the business earned $2.77 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Research analysts forecast that Mohawk Industries will post 9.9 earnings per share for the current fiscal year.

About Mohawk Industries

Mohawk Industries, Inc is a global manufacturer and distributor of flooring products. The company serves residential and commercial customers through a broad portfolio that includes carpet, rugs, ceramic and porcelain tile, laminate, hardwood, luxury vinyl tile and other resilient flooring products.

Mohawk markets its products under brands that include Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean, IVC and Durkan. Its products are sold through home improvement retailers, independent flooring dealers, distributors, builders, commercial contractors and other channels.

The company was formed in 1988 through the merger of Mohasco Corporation and Aladdin Mills and is headquartered in Calhoun, Georgia.