Mohawk Industries, Inc. (NYSE:MHK) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Mohawk Industries has received an average analyst rating of "Moderate Buy", with six hold recommendations, seven buy recommendations, and two strong buy ratings.
• The company's stock price targets have been adjusted, with Robert W. Baird raising its target from $130 to $142 and Barclays from $111 to $125.
• Insiders have sold a total of 34,791 shares in the last 90 days, indicating significant transactions that may affect investor sentiment.

Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) has earned an average rating of "Moderate Buy" from the fifteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $140.5385.

Several research firms recently issued reports on MHK. Robert W. Baird lifted their price target on shares of Mohawk Industries from $130.00 to $142.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mohawk Industries in a research note on Wednesday, October 8th. Barclays lifted 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. Wells Fargo & Company lifted their price target on shares of Mohawk Industries from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 11th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $123.00 price target (up previously from $119.00) on shares of Mohawk Industries in a research note on Monday, July 28th.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, Director Bernard Thiers sold 10,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $128.21, for a total transaction of $1,282,100.00. Following the completion of the transaction, the director directly owned 105,532 shares of the company's stock, valued at $13,530,257.72. This trade represents a 8.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $120.81, for a total transaction of $1,932,960.00. Following the transaction, the chief executive officer directly owned 33,600 shares of the company's stock, valued at approximately $4,059,216. This represents a 32.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,791 shares of company stock valued at $4,357,225 in the last 90 days. 17.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MHK. Federated Hermes Inc. boosted its holdings in shares of Mohawk Industries by 326.3% in the 1st quarter. Federated Hermes Inc. now owns 243 shares of the company's stock valued at $28,000 after buying an additional 186 shares during the period. MTM Investment Management LLC acquired a new position in shares of Mohawk Industries in the 2nd quarter valued at about $28,000. Brooklyn Investment Group boosted its holdings in shares of Mohawk Industries by 2,506.3% in the 1st quarter. Brooklyn Investment Group now owns 417 shares of the company's stock valued at $48,000 after buying an additional 401 shares during the period. Resona Asset Management Co. Ltd. boosted its holdings in shares of Mohawk Industries by 40.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company's stock valued at $55,000 after buying an additional 139 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Mohawk Industries by 36.2% in the 1st quarter. Allworth Financial LP now owns 595 shares of the company's stock valued at $65,000 after buying an additional 158 shares during the period. 78.98% of the stock is owned by institutional investors and hedge funds.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $127.44 on Friday. The company's fifty day simple moving average is $129.50 and its 200-day simple moving average is $114.86. Mohawk Industries has a 52 week low of $96.24 and a 52 week high of $164.29. The company has a current ratio of 2.13, a quick ratio of 1.18 and a debt-to-equity ratio of 0.21. The company has a market cap of $7.92 billion, a PE ratio of 16.95, a P/E/G ratio of 3.81 and a beta of 1.29.

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

About Mohawk Industries

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.

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