Mohawk Industries (NYSE:MHK) Price Target Cut to $138.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan cut Mohawk's price target from $143 to $138 but kept an "overweight" rating, implying roughly a 32% upside from the current price.
• Q1 results beat expectations as Mohawk reported $1.90 EPS vs. $1.80 expected and set Q2 guidance of $2.50–$2.60, while sell-side forecasts $9.07 EPS for the year.
• Market and analyst backdrop: the consensus rating is "Hold" with a $123.33 average target; the stock traded up 7.1% to $104.32, with a $6.38B market cap and a P/E of 15.6.

Mohawk Industries (NYSE:MHK - Get Free Report) had its price objective cut by JPMorgan Chase & Co. from $143.00 to $138.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 32.29% from the company's current price.

MHK has been the subject of a number of other reports. Wells Fargo & Company reduced their price objective on shares of Mohawk Industries from $125.00 to $105.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 8th. UBS Group reaffirmed a "neutral" rating and set a $140.00 target price on shares of Mohawk Industries in a research note on Monday, February 16th. Bank of America reissued a "neutral" rating and issued a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. Evercore set a $110.00 price target on shares of Mohawk Industries in a research note on Monday. Finally, Royal Bank Of Canada raised their price objective on shares of Mohawk Industries from $122.00 to $135.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mohawk Industries has a consensus rating of "Hold" and a consensus price target of $123.33.

Mohawk Industries Trading Up 7.1%

NYSE MHK traded up $6.93 during trading on Wednesday, hitting $104.32. The stock had a trading volume of 1,240,713 shares, compared to its average volume of 974,639. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 1.91 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. Mohawk Industries has a one year low of $93.60 and a one year high of $143.13. The stock has a 50 day simple moving average of $105.94 and a 200 day simple moving average of $113.09.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.80 by $0.10. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Sell-side analysts predict that Mohawk Industries will post 9.07 earnings per share for the current year.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 3,000 shares of the firm's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $97.80, for a total transaction of $293,400.00. Following the completion of the sale, the insider directly owned 53,893 shares of the company's stock, valued at $5,270,735.40. This trade represents a 5.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 12,000 shares of company stock valued at $1,246,336. 17.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Mohawk Industries

Large investors have recently bought and sold shares of the stock. John G Ullman & Associates Inc. acquired a new position in Mohawk Industries in the first quarter worth $1,121,000. Kera Capital Partners Inc. increased its holdings in Mohawk Industries by 56.5% in the first quarter. Kera Capital Partners Inc. now owns 3,561 shares of the company's stock valued at $351,000 after purchasing an additional 1,285 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Mohawk Industries by 720.8% in the first quarter. Bessemer Group Inc. now owns 40,053 shares of the company's stock worth $3,943,000 after acquiring an additional 35,173 shares in the last quarter. Evergreen Advisors LLC bought a new stake in shares of Mohawk Industries in the first quarter worth about $98,000. Finally, Illinois Municipal Retirement Fund acquired a new stake in Mohawk Industries in the 1st quarter valued at approximately $3,071,000. 78.98% of the stock is currently owned by institutional investors.

About Mohawk Industries

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company's product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.

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