Mohawk Industries, Inc. (NYSE:MHK) Stock Has Average Target Price of $132.08

by · The Markets Daily

Mohawk Industries, Inc. (NYSE:MHK – Get Free Report) has earned an average recommendation of “Hold” from the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. Twelve analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $132.08.

MHK has been the topic of a number of research analyst reports. Evercore set a $129.00 price target on shares of Mohawk Industries in a report on Friday, September 25th. Royal Bank Of Canada boosted their target price on shares of Mohawk Industries from $117.00 to $130.00 and gave the company a “sector perform” rating in a research note on Monday, August 3rd. Zacks Research upgraded shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Wells Fargo & Company lifted their price target on shares of Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Finally, Barclays upped their price objective on Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd.

Check Out Our Latest Report on Mohawk Industries

Mohawk Industries Stock Down 1.0%

Mohawk Industries stock opened at $125.18 on Friday. Mohawk Industries has a fifty-two week low of $92.99 and a fifty-two week high of $140.30. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92. The firm’s 50-day simple moving average is $129.07 and its 200 day simple moving average is $114.20. The stock has a market cap of $8.48 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Mohawk Industries (NYSE:MHK – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, topping the consensus estimate of $2.58 by $1.09. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Research analysts predict that Mohawk Industries will post 9.87 EPS for the current fiscal year.

Insider Buying and Selling at Mohawk Industries

In other news, Director Bernard Thiers sold 13,393 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $134.98, for a total transaction of $1,807,787.14. Following the transaction, the director owned 93,633 shares of the company’s stock, valued at $12,638,582.34. This represents a 12.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Lorberbaum sold 11,400 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $128.21, for a total value of $1,461,594.00. Following the transaction, the chief executive officer owned 59,299 shares of the company’s stock, valued at $7,602,724.79. The trade was a 16.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 172,996 shares of company stock worth $22,433,248 over the last ninety days. 17.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mohawk Industries

Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Mohawk Industries in the second quarter valued at approximately $777,293,000. Pzena Investment Management LLC purchased a new stake in Mohawk Industries in the 2nd quarter worth approximately $138,661,000. Norges Bank bought a new position in Mohawk Industries in the 4th quarter valued at $77,528,000. Canada Pension Plan Investment Board bought a new position in Mohawk Industries in the 2nd quarter valued at $80,880,000. Finally, Donald Smith & CO. Inc. purchased a new position in shares of Mohawk Industries during the 2nd quarter valued at $42,157,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

About Mohawk Industries

(Get Free Report)

Mohawk Industries, Inc is a global flooring manufacturer that produces and distributes products for residential and commercial applications. Its product portfolio includes broadloom carpet, carpet tile, area rugs, ceramic and porcelain tile, natural stone, hardwood, laminate, luxury vinyl tile and other resilient flooring products.

The company markets its products through a portfolio of well-known brands, including Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean and IVC.

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