Mohawk Industries (NYSE:MHK) Hits New 52-Week Low – What’s Next?

Mohawk Industries, Inc. (NYSE:MHK)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $92.99 and last traded at $94.1380, with a volume of 35486 shares changing hands. The stock had previously closed at $96.87.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MHK. Bank of America reaffirmed a “neutral” rating and set a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Zacks Research cut Mohawk Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Royal Bank Of Canada lifted their price objective on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Evercore set a $110.00 price objective on Mohawk Industries in a research report on Monday, May 4th. Finally, UBS Group reaffirmed a “neutral” rating and set a $140.00 price objective on shares of Mohawk Industries in a research report on Monday, February 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Mohawk Industries has an average rating of “Hold” and a consensus target price of $123.33.

Mohawk Industries Stock Down 3.3%

The company’s fifty day moving average price is $102.34 and its 200-day moving average price is $111.49. The stock has a market capitalization of $5.71 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 2.37 and a beta of 1.20. 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 announced its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the business earned $1.52 EPS. The firm’s revenue for the quarter 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 forecast that Mohawk Industries, Inc. will post 8.78 earnings per share for the current year.

Insiders Place Their Bets

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 shares were sold at an average price of $105.19, for a total value of $595,165.02. Following the completion of the transaction, the insider directly owned 61,935 shares in the company, valued at $6,514,942.65. The trade was a 8.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 12,000 shares of company stock valued at $1,246,336. 17.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Mohawk Industries

A number of hedge funds have recently added to or reduced their stakes in MHK. Norges Bank purchased a new position in Mohawk Industries in the 4th quarter worth approximately $77,528,000. AQR Capital Management LLC raised its holdings 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 acquiring 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 period. 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 period. Finally, Candlestick Capital Management LP bought a new stake in Mohawk Industries in the 3rd quarter worth approximately $53,320,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

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.