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

Key Points

• Analyst consensus is “Hold” for Mohawk Industries, with 12 holds, three buys and one strong buy among 16 analysts. The average 12-month price target is $132.08, compared with the stock’s reported price of $126.28.
• Mohawk reported quarterly EPS of $3.67, beating expectations of $2.58, while revenue reached $2.99 billion versus the $2.79 billion consensus estimate. Revenue increased 6.8% year over year.
• Company insiders sold 172,996 shares worth approximately $22.4 million during the last quarter, while institutional investors own nearly 79% of the stock.

Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) has earned a consensus recommendation of "Hold" from the sixteen ratings firms that are covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $132.08.

Several brokerages recently commented on MHK. Zacks Research raised Mohawk Industries from a "strong sell" rating to a "hold" rating in a research note on Friday, June 19th. Weiss Ratings raised Mohawk Industries from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 6th. Wells Fargo & Company increased their price target on Mohawk Industries from $115.00 to $125.00 and gave the stock an "equal weight" rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $121.00 price objective on shares of Mohawk Industries in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada boosted their price objective on Mohawk Industries from $117.00 to $130.00 and gave the company a "sector perform" rating in a research report on Monday, August 3rd.

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 that occurred 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 completion of the transaction, the director owned 93,633 shares in the company, valued at $12,638,582.34. This represents a 12.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Lorberbaum sold 53,314 shares of the stock in a transaction on Monday, August 3rd. The stock was 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 of the company's stock, valued at $1,315,700. This represents a 84.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 172,996 shares of company stock valued at $22,433,248. 17.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Mohawk Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Mohawk Industries in the second quarter valued at about $25,000. Basecamp Wealth Advisors LLC grew its holdings in shares of Mohawk Industries by 2,281.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company's stock worth $26,000 after buying an additional 251 shares in the last quarter. Elevation Wealth Partners LLC raised its position in Mohawk Industries by 122.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company's stock valued at $27,000 after buying an additional 121 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in Mohawk Industries by 105.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 323 shares of the company's stock valued at $32,000 after acquiring an additional 166 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in Mohawk Industries during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 78.98% of the company's stock.

Mohawk Industries Stock Up 0.9%

Mohawk Industries stock opened at $126.28 on Friday. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 1.52 and a beta of 1.16. The company's 50 day simple moving average is $128.87 and its 200 day simple moving average is $113.98. 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 fifty-two week low of $92.99 and a fifty-two week high of $140.30.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, beating the consensus estimate of $2.58 by $1.09. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The business's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, sell-side analysts anticipate that Mohawk Industries will post 9.87 EPS for the current year.

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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