Mohawk Industries, Inc. (NYSE:MHK) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Twelve of 16 analysts rate Mohawk Industries neutral, while three recommend buying and one gives a strong-buy rating. The average 12-month price target is $130.50, below the reported share price of $133.66.
• Quarterly results exceeded expectations: Mohawk reported $3.67 in EPS versus the $2.58 consensus estimate, while revenue rose 6.8% year over year to $2.99 billion, topping forecasts of $2.79 billion.
• Insiders have been selling shares: Company insiders sold 113,038 shares worth approximately $14.3 million over the past 90 days, including a significant sale by CEO Jeffrey Lorberbaum.

Shares of Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) have earned an average recommendation of "Hold" from the sixteen ratings firms that are covering the firm, Marketbeat reports. Twelve investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $130.50.

A number of research firms have weighed in on MHK. Robert W. Baird boosted their target price on shares of Mohawk Industries from $112.00 to $132.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Zacks Research raised Mohawk Industries from a "strong sell" rating to a "hold" rating in a research report on Friday, June 19th. Truist Financial lifted their price objective on Mohawk Industries from $135.00 to $155.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $121.00 price objective on shares of Mohawk Industries in a research note on Tuesday, August 4th. Finally, Barclays upped their price objective on shares of Mohawk Industries from $109.00 to $115.00 and gave the company an "equal weight" rating in a report on Monday, August 3rd.

Mohawk Industries Price Performance

Shares of NYSE:MHK opened at $133.66 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. Mohawk Industries has a twelve month low of $92.99 and a twelve month high of $143.13. The stock's 50 day moving average is $124.13 and its 200-day moving average is $112.85. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 1.93 and a beta of 1.18.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $1.09. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter last year, the firm posted $2.77 EPS. Mohawk Industries's 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. Sell-side analysts forecast that Mohawk Industries will post 9.9 EPS for the current fiscal year.

Insider Buying and Selling at Mohawk Industries

In related news, CEO Jeffrey Lorberbaum sold 53,314 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $131.57, for a total transaction of $7,014,522.98. Following the sale, the chief executive officer directly owned 10,000 shares in the company, valued at approximately $1,315,700. This represents a 84.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Suzanne L. Helen sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $139.48, for a total transaction of $139,480.00. Following the completion of the transaction, the insider directly owned 6,132 shares of the company's stock, valued at approximately $855,291.36. This trade represents a 14.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 113,038 shares of company stock worth $14,303,491. 17.90% of the stock is currently owned by company insiders.

Institutional Trading of Mohawk Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in MHK. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Mohawk Industries in the 2nd quarter valued at $25,000. Elevation Wealth Partners LLC raised its position in shares of Mohawk Industries by 122.2% in the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company's stock worth $27,000 after buying an additional 121 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company's stock valued at $28,000 after buying an additional 228 shares during the period. Basecamp Wealth Advisors LLC boosted its stake in Mohawk Industries by 2,281.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company's stock valued at $26,000 after buying an additional 251 shares during the period. Finally, Transamerica Financial Advisors LLC grew its position in Mohawk Industries by 216.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company's stock worth $30,000 after buying an additional 188 shares in the last quarter. 78.98% of the stock is currently owned by 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.

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