Mohawk Industries' (MHK) Strong-Buy Rating Reiterated at Raymond James Financial

Key Points

• Mohawk Industries' stock received a "strong-buy" rating from Raymond James Financial, with a target price raised to $150.00, indicating a potential upside of 14.19% from its previous close.
• Several analysts have issued ratings for Mohawk Industries, with one "strong buy," eight "buy," and six "hold" ratings, leading to a consensus rating of "moderate buy" with an average target price of $139.38.
• The company's recent earnings report exceeded expectations, with an EPS of $2.77 surpassing the analyst consensus of $2.62, and it has set a Q3 2025 guidance of $2.560-2.660 EPS.

Mohawk Industries (NYSE:MHK - Get Free Report)'s stock had its "strong-buy" rating reaffirmed by equities researchers at Raymond James Financial in a report issued on Tuesday,Benzinga reports. They presently have a $150.00 target price on the stock, up from their prior target price of $140.00. Raymond James Financial's target price indicates a potential upside of 14.19% from the company's previous close.

MHK has been the subject of several other reports. Vertical Research initiated coverage on Mohawk Industries in a research note on Monday. They issued a "buy" rating for the company. Evercore ISI dropped their price objective 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. Wells Fargo & Company increased their target price on shares of Mohawk Industries from $120.00 to $140.00 and gave the company an "equal weight" rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. lifted 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. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Mohawk Industries in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $139.38.

Mohawk Industries Price Performance

Mohawk Industries stock traded up $3.12 during mid-day trading on Tuesday, reaching $131.36. 273,436 shares of the company's stock traded hands, compared to its average volume of 784,812. Mohawk Industries has a 12-month low of $96.24 and a 12-month high of $155.56. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $129.67 and a two-hundred day moving average of $115.05. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 3.82 and a beta of 1.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm posted $3.00 EPS. The business'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. Equities analysts forecast that Mohawk Industries will post 9.8 earnings per share for the current year.

Insider Buying and Selling at Mohawk Industries

In related news, Director Bernard Thiers sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $128.21, for a total value of $1,282,100.00. Following the completion of the transaction, the director owned 105,532 shares of the company's stock, valued at $13,530,257.72. The trade was a 8.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Suzanne L. Helen sold 2,200 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $137.19, for a total value of $301,818.00. Following the sale, the insider directly owned 85,493 shares in the company, valued at $11,728,784.67. This trade represents a 2.51% decrease in their position. 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 ninety days. 17.40% of the stock is owned by insiders.

Institutional Trading of Mohawk Industries

A number of institutional investors have recently modified their holdings of MHK. Townsend & Associates Inc raised its stake in shares of Mohawk Industries by 2.3% during the 3rd quarter. Townsend & Associates Inc now owns 133,244 shares of the company's stock worth $16,970,000 after acquiring an additional 3,031 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in Mohawk Industries by 5,385.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 384 shares of the company's stock valued at $50,000 after purchasing an additional 377 shares during the last quarter. True Wealth Design LLC increased its holdings in Mohawk Industries by 1,016.7% in the 3rd quarter. True Wealth Design LLC now owns 670 shares of the company's stock worth $86,000 after buying an additional 610 shares during the period. Mather Group LLC. grew its position in shares of Mohawk Industries by 6.3% during the 3rd quarter. Mather Group LLC. now owns 2,344 shares of the company's stock valued at $302,000 after acquiring an additional 138 shares during the period. Finally, Merit Financial Group LLC increased its position in shares of Mohawk Industries by 95.0% in the third quarter. Merit Financial Group LLC now owns 6,083 shares of the company's stock valued at $784,000 after buying an additional 2,964 shares in the last quarter. 78.98% of the stock is currently 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.