Mohawk Industries (NYSE:MHK) Stock Picked Up by Analysts at Melius Research

Key Points

• Melius Research initiated coverage of Mohawk Industries with a “buy” rating and a $188 price target, implying roughly 50% upside from the prior close.
• Mohawk reported quarterly EPS of $3.67, exceeding estimates of $2.58, while revenue reached $2.99 billion and increased 6.8% year over year. Despite the strong results, analysts’ consensus rating remains “Hold,” with an average target of $136.38.
• Institutional ownership stands at nearly 79%, with major investors including BlackRock, Dimensional Fund Advisors and Pzena Investment Management; meanwhile, insiders sold about $22.4 million of shares over the past 90 days.

Equities researchers at Melius Research assumed coverage on shares of Mohawk Industries (NYSE:MHK - Get Free Report) in a note issued to investors on Tuesday, Briefing.com reports. The firm set a "buy" rating and a $188.00 price target on the stock. Melius Research's price objective indicates a potential upside of 50.18% from the company's previous close.

Several other equities research analysts have also recently weighed in on the company. Wells Fargo & Company upped their price target on Mohawk Industries from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $121.00 price target on shares of Mohawk Industries in a research report on Tuesday, August 4th. Royal Bank Of Canada increased their target price on shares of Mohawk Industries from $117.00 to $130.00 and gave the stock a "sector perform" rating in a report on Monday, August 3rd. Zacks Research upgraded Mohawk Industries from a "strong sell" rating to a "hold" rating in a research note on Friday, June 19th. Finally, Truist Financial lifted their price objective on Mohawk Industries from $135.00 to $155.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $136.38.

Mohawk Industries Stock Performance

Mohawk Industries stock opened at $125.18 on Tuesday. The company has a market capitalization of $8.48 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.54 and a beta of 1.16. Mohawk Industries has a 1 year low of $92.99 and a 1 year high of $140.30. The business has a 50 day moving average of $129.07 and a 200-day moving average of $114.20. 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 (NYSE:MHK - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $1.09. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.79 billion. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The company's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, equities research analysts predict that Mohawk Industries will post 9.87 earnings per share for the current year.

Insider Buying and Selling

In other Mohawk Industries news, Director Bernard Thiers sold 13,393 shares of Mohawk Industries stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $134.98, for a total value of $1,807,787.14. Following the transaction, the director directly owned 93,633 shares of the company's stock, valued at approximately $12,638,582.34. The trade was a 12.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzanne L. Helen sold 7,000 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $131.52, for a total transaction of $920,640.00. Following the transaction, the insider owned 7,132 shares in the company, valued at $938,000.64. The trade was a 49.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 172,996 shares of company stock worth $22,433,248 in the last 90 days. 17.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mohawk Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in MHK. BlackRock Inc. purchased a new stake in shares of Mohawk Industries during the second quarter worth $777,293,000. Dimensional Fund Advisors LP raised its position in Mohawk Industries by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,219,318 shares of the company's stock valued at $316,962,000 after purchasing an additional 80,761 shares during the period. Pzena Investment Management LLC purchased a new stake in Mohawk Industries in the 2nd quarter valued at about $138,661,000. Brandes Investment Partners LP increased its position in shares of Mohawk Industries by 20.4% during the fourth quarter. Brandes Investment Partners LP now owns 1,102,574 shares of the company's stock valued at $120,513,000 after acquiring an additional 186,649 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Mohawk Industries in the second quarter valued at approximately $80,880,000. Hedge funds and other institutional investors own 78.98% of the company's stock.

About Mohawk Industries

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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