Robert W. Baird Forecasts Strong Price Appreciation for Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries (NYSE:MHK) had its target price upped by research analysts at Robert W. Baird from $112.00 to $132.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 7.34% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings raised Mohawk Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Truist Financial decreased their price objective on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. JPMorgan Chase & Co. cut their price objective on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Evercore set a $110.00 price target on shares of Mohawk Industries in a research note on Monday, May 4th. Finally, Wells Fargo & Company decreased their price objective 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Mohawk Industries has an average rating of “Hold” and a consensus target price of $126.58.

Mohawk Industries Trading Down 0.1%

Shares of NYSE:MHK opened at $122.98 on Monday. The company’s 50-day moving average price is $111.26 and its two-hundred day moving average price is $111.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13. Mohawk Industries has a one year low of $92.99 and a one year high of $143.13. The stock has a market capitalization of $7.50 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 3.05 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (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 company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the prior year, the firm earned $2.77 EPS. Mohawk Industries’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. On average, equities analysts forecast that Mohawk Industries will post 8.67 EPS for the current fiscal year.

Insider Transactions at Mohawk Industries

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

Hedge Funds Weigh In On Mohawk Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rexford Capital Inc. grew its position in Mohawk Industries by 10.1% during the fourth quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock valued at $119,000 after buying an additional 100 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Mohawk Industries by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock valued at $2,224,000 after acquiring an additional 100 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Mohawk Industries by 1.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock valued at $560,000 after acquiring an additional 101 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Mohawk Industries by 7.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock valued at $171,000 after acquiring an additional 105 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Mohawk Industries by 20.7% during the 4th quarter. Signaturefd LLC now owns 671 shares of the company’s stock worth $73,000 after purchasing an additional 115 shares during the last quarter. 78.98% of the stock is owned by hedge funds and other 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.