Mohawk Industries (NYSE:MHK) Now Covered by Vertical Research

Key Points

• Vertical Research has initiated coverage on Mohawk Industries (NYSE:MHK) with a "buy" rating, indicating positive sentiment towards the stock's future performance.
• As of October 8th, several analysts have varied ratings on MHK, with an average target price of $140.54 and a majority rating it with a "Moderate Buy."
• The company's recent earnings report showed an EPS of $2.77, exceeding estimates, and revenue of $2.80 billion, which also surpassed analyst expectations.

Analysts at Vertical Research began coverage on shares of Mohawk Industries (NYSE:MHK - Get Free Report) in a research report issued to clients and investors on Monday. The firm set a "buy" rating on the stock.

MHK has been the subject of several other reports. Weiss Ratings restated a "hold (c)" rating on shares of Mohawk Industries in a report on Wednesday, October 8th. Royal Bank Of Canada restated a "sector perform" rating and set a $123.00 price objective (up from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Barclays increased their target price on Mohawk Industries from $111.00 to $125.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Robert W. Baird increased their price objective on Mohawk Industries from $130.00 to $142.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $140.54.

Mohawk Industries Price Performance

Shares of MHK stock traded up $0.93 during midday trading on Monday, reaching $128.29. 364,956 shares of the company traded hands, compared to its average volume of 786,491. The firm's 50 day simple moving average is $129.50 and its two-hundred day simple moving average is $114.89. The firm has a market cap of $7.97 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 3.82 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. Mohawk Industries has a 1-year low of $96.24 and a 1-year high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.76 billion. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.Mohawk Industries's revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.00 earnings per share. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. On average, equities research analysts expect that Mohawk Industries will post 9.8 EPS for the current fiscal year.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,500 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $120.60, for a total transaction of $301,500.00. Following the completion of the sale, the insider directly owned 91,084 shares in the company, valued at $10,984,730.40. This represents a 2.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Rodney David Patton sold 700 shares of the 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 completion of the transaction, the vice president directly owned 17,804 shares in the company, valued at $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. Insiders have sold 34,791 shares of company stock worth $4,357,225 in the last 90 days. Company insiders own 17.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Yousif Capital Management LLC raised its stake in Mohawk Industries by 1.1% in the second quarter. Yousif Capital Management LLC now owns 8,374 shares of the company's stock worth $878,000 after buying an additional 88 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Mohawk Industries by 3.8% during the 1st quarter. M&T Bank Corp now owns 3,315 shares of the company's stock worth $378,000 after acquiring an additional 122 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Mohawk Industries by 3.2% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 4,006 shares of the company's stock valued at $457,000 after purchasing an additional 126 shares during the period. Wedmont Private Capital grew its stake in Mohawk Industries by 4.3% in the third quarter. Wedmont Private Capital now owns 3,031 shares of the company's stock worth $372,000 after purchasing an additional 126 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in Mohawk Industries by 4.7% in the first quarter. Venturi Wealth Management LLC now owns 2,899 shares of the company's stock worth $331,000 after purchasing an additional 131 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other 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.

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