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

Key Points

• Mohawk Industries, Inc. has received an average analyst recommendation of "Moderate Buy", with six hold ratings, seven buy ratings, and two strong buy ratings among fifteen analysts.
• The company's recent quarterly earnings topped expectations, reporting $2.77 EPS against a consensus estimate of $2.62.
• Insider activity shows significant stock sales, with CEO Jeffrey S. Lorberbaum selling 16,000 shares at an average price of $120.81, reducing his ownership by 32.26%.

Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fifteen research firms that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $140.1429.

Several analysts have recently weighed in on MHK shares. Robert W. Baird lifted their price target 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. Evercore ISI lowered their target price on shares of Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating on the stock in a report on Monday, July 28th. Wells Fargo & Company boosted their price objective on shares of Mohawk Industries from $105.00 to $115.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Wall Street Zen downgraded shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of Mohawk Industries from $139.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th.

Mohawk Industries Stock Performance

Shares of NYSE MHK traded up $0.41 during trading hours on Friday, reaching $132.89. 570,693 shares of the stock were exchanged, compared to its average volume of 819,755. The stock's fifty day simple moving average is $117.53 and its 200 day simple moving average is $111.49. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 2.89 and a beta of 1.28. Mohawk Industries has a 52 week low of $96.24 and a 52 week high of $164.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.18 and a current ratio of 2.13.

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

Insider Buying and Selling at Mohawk Industries

In related news, VP Rodney David Patton sold 700 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $128.05, for a total value of $89,635.00. Following the transaction, the vice president owned 17,804 shares in the company, valued at approximately $2,279,802.20. This trade represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the business's 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 sale, the chief executive officer owned 33,600 shares of the company's stock, valued at approximately $4,059,216. This represents a 32.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,500 shares of company stock valued at $3,905,221 over the last quarter. Insiders own 17.40% of the company's stock.

Institutional Investors Weigh In On Mohawk Industries

A number of hedge funds have recently added to or reduced their stakes in MHK. Federated Hermes Inc. increased its position in shares of Mohawk Industries by 326.3% in the 1st quarter. Federated Hermes Inc. now owns 243 shares of the company's stock worth $28,000 after purchasing an additional 186 shares during the last quarter. MTM Investment Management LLC bought a new stake in Mohawk Industries in the 2nd quarter valued at $28,000. Brooklyn Investment Group lifted its holdings in shares of Mohawk Industries by 2,506.3% during the 1st quarter. Brooklyn Investment Group now owns 417 shares of the company's stock worth $48,000 after acquiring an additional 401 shares during the period. Resona Asset Management Co. Ltd. increased its position in shares of Mohawk Industries by 40.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company's stock worth $55,000 after purchasing an additional 139 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of 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 buying an additional 158 shares during the period. Institutional investors and hedge funds own 78.98% of the company's stock.

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.