Mohawk Industries, Inc. (NYSE:MHK) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Mohawk Industries has a consensus rating of "Moderate Buy" from analysts, with an average 12-month price target of $141.93.
• CEO Jeffrey S. Lorberbaum recently sold 16,000 shares at an average price of $120.81, reducing his ownership by over 32%.
• The company's quarterly earnings exceeded estimates, reporting an EPS of $2.77 against expectations of $2.62, with revenues reaching $2.80 billion.

Shares of Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) have earned an average rating of "Moderate Buy" from the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $141.9286.

A number of research analysts have commented on MHK shares. Barclays raised their price target on shares of Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. raised their price target on shares of Mohawk Industries from $139.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $123.00 target price (up previously from $119.00) on shares of Mohawk Industries in a research note on Monday, July 28th. Evercore ISI cut their target price on shares of Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating for the company in a research note on Monday, July 28th. Finally, Robert W. Baird lifted their target price on shares of Mohawk Industries from $130.00 to $142.00 and gave the company an "outperform" rating in a research note on Monday, July 28th.

Insider Activity

In other news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of Mohawk Industries stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $120.81, for a total value of $1,932,960.00. Following the completion of the transaction, the chief executive officer owned 33,600 shares in the company, valued at approximately $4,059,216. The trade was a 32.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Suzanne L. Helen sold 2,500 shares of Mohawk Industries stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $120.60, for a total transaction of $301,500.00. Following the completion of the transaction, the insider owned 91,084 shares of the company's stock, valued at $10,984,730.40. This trade represents a 2.67% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,791 shares of company stock worth $4,357,225. 17.40% of the stock is currently owned by insiders.

Institutional Trading of Mohawk Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. increased its holdings in shares of Mohawk Industries by 326.3% in the first quarter. Federated Hermes Inc. now owns 243 shares of the company's stock valued at $28,000 after purchasing an additional 186 shares in the last quarter. MTM Investment Management LLC acquired a new stake in shares of Mohawk Industries in the second quarter valued at approximately $28,000. Brooklyn Investment Group increased its holdings in shares of Mohawk Industries by 2,506.3% in the first quarter. Brooklyn Investment Group now owns 417 shares of the company's stock valued at $48,000 after purchasing an additional 401 shares in the last quarter. Resona Asset Management Co. Ltd. increased its holdings in shares of Mohawk Industries by 40.6% in the first quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company's stock valued at $55,000 after purchasing an additional 139 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Mohawk Industries by 36.2% during the 1st quarter. Allworth Financial LP now owns 595 shares of the company's stock worth $65,000 after acquiring an additional 158 shares during the period. Institutional investors and hedge funds own 78.98% of the company's stock.

Mohawk Industries Stock Down 1.4%

Shares of MHK opened at $128.78 on Tuesday. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 2.84 and a beta of 1.25. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 0.21. Mohawk Industries has a 12 month low of $96.24 and a 12 month high of $164.29. The company has a 50-day moving average price of $125.92 and a two-hundred day moving average price of $113.37.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $2.77 EPS for the quarter, topping analysts' consensus estimates of $2.62 by $0.15. The firm had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.76 billion. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $3.00 earnings per share. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. Equities analysts predict that Mohawk Industries will post 9.8 EPS for the current fiscal year.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.