Mohawk Industries (NYSE:MHK) Downgraded by Wall Street Zen to "Hold"

Key Points

• Wall Street Zen downgraded Mohawk Industries to “Hold” from “Buy.” Overall analyst sentiment is also “Hold,” with 11 Hold, three Buy, and one Sell rating and an average price target of $133.75.
• Mohawk reported quarterly EPS of $2.72, beating estimates of $2.58, while revenue rose 1% year over year to $2.79 billion but fell short of forecasts. The stock was trading near its 12-month high at $139.57.
• Insiders sold 172,996 shares worth approximately $22.4 million over the past three months, although institutional investors continue to own nearly 79% of the company.

Mohawk Industries (NYSE:MHK - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other research firms have also recently weighed in on MHK. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $121.00 price objective on shares of Mohawk Industries in a research report on Tuesday, August 4th. Truist Financial increased their target price on Mohawk Industries from $135.00 to $155.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Evercore set a $129.00 target price on Mohawk Industries in a research note on Friday, September 25th. Melius Research started coverage on Mohawk Industries in a research report on Tuesday, October 6th. They set a "buy" rating and a $188.00 price target on the stock. Finally, Barclays upped their price target on Mohawk Industries from $109.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mohawk Industries presently has a consensus rating of "Hold" and an average target price of $133.75.

Mohawk Industries Trading Up 7.4%

NYSE:MHK opened at $139.57 on Friday. The company has a 50-day moving average price of $125.73 and a 200-day moving average price of $116.57. Mohawk Industries has a 12 month low of $92.99 and a 12 month high of $141.17. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 1.86 and a beta of 1.16.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.58 by $0.14. Mohawk Industries had a net margin of 4.63% and a return on equity of 7.44%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the firm posted $2.67 EPS. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts predict that Mohawk Industries will post 9.80 EPS for the current year.

Insider Activity at Mohawk Industries

In related news, CEO Jeffrey Lorberbaum sold 53,314 shares of Mohawk Industries stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $131.57, for a total transaction of $7,014,522.98. Following the completion of the transaction, the chief executive officer directly owned 10,000 shares of the company's stock, valued at $1,315,700. This trade represents a 84.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Suzanne L. Helen sold 7,000 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $131.52, for a total transaction of $920,640.00. Following the sale, the insider directly owned 7,132 shares in the company, valued at $938,000.64. The trade was a 49.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 172,996 shares of company stock valued at $22,433,248 in the last three months. Company insiders own 17.90% of the company's stock.

Institutional Trading of Mohawk Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Mohawk Industries by 14.4% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 732 shares of the company's stock worth $91,000 after purchasing an additional 92 shares during the period. Sequoia Financial Advisors LLC boosted its position in Mohawk Industries by 1.8% in the first quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company's stock valued at $560,000 after buying an additional 101 shares during the last quarter. Elevation Wealth Partners LLC increased its holdings in Mohawk Industries by 122.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company's stock worth $27,000 after buying an additional 121 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Mohawk Industries in the 2nd quarter worth approximately $25,000. Finally, VestGen Advisors LLC raised its position in Mohawk Industries by 13.5% during the 3rd quarter. VestGen Advisors LLC now owns 1,878 shares of the company's stock worth $234,000 after buying an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company's stock.

Key Mohawk Industries News

Here are the key news stories impacting Mohawk Industries this week:

• Positive Sentiment: Q3 earnings exceeded expectations: Mohawk reported diluted EPS of $2.72, up from $2.67 a year earlier and above the approximately $2.56–$2.58 analyst consensus. Net sales rose about 1% year over year to $2.786 billion, while operating income increased to $187.7 million from $136.7 million. Mohawk Industries Reports Q3 2026 Results
• Positive Sentiment: Cash flow and shareholder returns were strong: Operating cash flow reached $471 million and free cash flow totaled $390 million, up 78% year to date. The company repurchased approximately 2.0 million shares for $261 million during the quarter, reducing shares outstanding by about 4%. Mohawk Industries Reports Q3 2026 Sales and EPS
• Positive Sentiment: New buyback authorization supports the stock: Mohawk approved an additional repurchase program of up to $500 million and introduced a long-term strategic and capital-allocation framework focused on shareholder value creation. Mohawk Announces New Share Repurchase Authorization
• Neutral Sentiment: Results were mixed by segment: Growth in Global Ceramic and Flooring North America helped offset broadly flat adjusted sales, with adjusted EBITDA of approximately $353 million and a 12.7% margin.
• Negative Sentiment: Revenue missed forecasts and near-term guidance is cautious: Sales came in below the roughly $2.82 billion consensus estimate. Management forecast fourth-quarter adjusted EPS of $1.35–$1.45, indicating weaker sequential earnings momentum and leaving investors sensitive to demand conditions in the flooring market. Mohawk Industries Q3 2026 Earnings Call Transcript

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global manufacturer and distributor of flooring products. The company serves residential and commercial customers through products sold to retailers, distributors, builders, contractors and other industry professionals.

Its product portfolio includes carpet, rugs, ceramic and porcelain tile, hardwood flooring, laminate, luxury vinyl tile and other resilient flooring products. Mohawk markets products under a range of well-known brands, including Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean and Durkan.

The company traces its origins to a carpet mill established in 1878 and is headquartered in Calhoun, Georgia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.