Mohawk Industries' (MHK) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Mohawk Industries has a "hold (C)" rating reiterated by Weiss Ratings, with several analysts providing varied price targets and ratings, resulting in a consensus rating of "Moderate Buy" and an average price target of $140.54.
• In its latest quarterly earnings, Mohawk Industries reported $2.77 EPS, surpassing the consensus estimate, while its revenue increased year-over-year to $2.80 billion.
• Insider trading activity includes CEO Jeffrey S. Lorberbaum selling 16,000 shares, indicating a 32.26% decrease in his stake, while institutional investors hold approximately 78.98% of the company's stock.

Mohawk Industries (NYSE:MHK - Get Free Report)'s stock had its "hold (c)" rating reiterated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also weighed in on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $123.00 target price (up previously from $119.00) on shares of Mohawk Industries in a report on Monday, July 28th. Barclays upped their target price on shares of Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating in a report 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 upped their target price on shares of Mohawk Industries from $120.00 to $140.00 and gave the stock an "equal weight" rating in a report on Thursday, September 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Mohawk Industries from $139.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $140.54.

Mohawk Industries Trading Down 0.3%

Shares of Mohawk Industries stock opened at $122.18 on Wednesday. The firm has a market capitalization of $7.59 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 2.67 and a beta of 1.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.13 and a quick ratio of 1.18. The company's fifty day moving average price is $128.89 and its two-hundred day moving average price is $114.49. Mohawk Industries has a 52-week low of $96.24 and a 52-week high of $164.29.

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

Insider Buying and Selling

In other news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $120.81, for a total value of $1,932,960.00. Following the completion of the sale, the chief executive officer directly owned 33,600 shares of the company's stock, valued at $4,059,216. This represents a 32.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Rodney David Patton sold 700 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $128.05, for a total value of $89,635.00. Following the completion of the sale, the vice president directly owned 17,804 shares of the company's stock, valued at approximately $2,279,802.20. This trade represents a 3.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,791 shares of company stock valued at $4,357,225. Insiders own 17.40% of the company's stock.

Institutional Trading of Mohawk Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Mohawk Industries by 13.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,915 shares of the company's stock valued at $787,000 after acquiring an additional 831 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Mohawk Industries by 78.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,574 shares of the company's stock valued at $408,000 after buying an additional 1,566 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Mohawk Industries by 12.8% in the first quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company's stock valued at $414,017,000 after buying an additional 410,388 shares in the last quarter. Truist Financial Corp lifted its stake in Mohawk Industries by 7.9% in the first quarter. Truist Financial Corp now owns 403,936 shares of the company's stock valued at $46,121,000 after buying an additional 29,480 shares in the last quarter. Finally, QSM Asset Management Ltd lifted its stake in Mohawk Industries by 25.0% in the first quarter. QSM Asset Management Ltd now owns 63,566 shares of the company's stock valued at $7,160,000 after buying an additional 12,700 shares in the last quarter. 78.98% of the stock is owned by institutional investors.

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.