Mohawk Industries (NYSE:MHK) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• The price target for Mohawk Industries has been raised by Wells Fargo & Company from $120.00 to $140.00, indicating a potential upside of 3.45% from its current price.
• In its latest earnings report, Mohawk Industries exceeded expectations with $2.77 earnings per share, surpassing the consensus estimate of $2.62.
• The company currently has a consensus rating of "Moderate Buy" and a target price of $141.93, with strong interest from institutional investors, owning approximately 78.98% of the stock.

Mohawk Industries (NYSE:MHK - Free Report) had its price objective upped by Wells Fargo & Company from $120.00 to $140.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other equities analysts also recently weighed in on the company. Robert W. Baird upped their price target on Mohawk Industries from $130.00 to $142.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. upped their price target on Mohawk Industries from $139.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Evercore ISI reduced their price target on Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating for the company in a research report on Monday, July 28th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $123.00 price target (up previously from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Finally, Barclays upped their price target on Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Mohawk Industries presently has an average rating of "Moderate Buy" and an average target price of $141.93.

Mohawk Industries Stock Down 2.5%

NYSE MHK traded down $3.43 during trading hours on Thursday, reaching $136.32. 528,292 shares of the company's stock were exchanged, compared to its average volume of 678,330. Mohawk Industries has a one year low of $96.24 and a one year 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. The company's 50-day moving average is $123.33 and its two-hundred day moving average is $112.72. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 3.04 and a beta of 1.25.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly 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 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 the consensus estimate of $2.76 billion. During the same quarter in the prior year, the firm posted $3.00 EPS. The business's revenue was up .0% on a year-over-year basis. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. On average, analysts forecast that Mohawk Industries will post 9.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mohawk Industries news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $120.81, for a total transaction of $1,932,960.00. Following the completion of the sale, the chief executive officer owned 33,600 shares of the company's stock, valued at $4,059,216. This trade represents a 32.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bernard Thiers sold 10,000 shares of the firm's stock in a transaction 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 sale, the director directly owned 105,532 shares of the company's stock, valued at $13,530,257.72. This represents a 8.66% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,591 shares of company stock worth $4,055,407. Company insiders own 17.40% of the company's stock.

Institutional Investors Weigh In On Mohawk Industries

Several hedge funds have recently added to or reduced their stakes in MHK. Ethic Inc. lifted its holdings in Mohawk Industries by 53.3% during the 4th quarter. Ethic Inc. now owns 4,506 shares of the company's stock valued at $537,000 after purchasing an additional 1,567 shares during the last quarter. Focus Partners Wealth increased its position in Mohawk Industries by 15.0% during the 4th quarter. Focus Partners Wealth now owns 1,867 shares of the company's stock worth $222,000 after buying an additional 244 shares during the period. Jefferies Financial Group Inc. bought a new position in Mohawk Industries during the 4th quarter worth $799,000. Janus Henderson Group PLC increased its position in Mohawk Industries by 0.5% during the 4th quarter. Janus Henderson Group PLC now owns 25,659 shares of the company's stock worth $3,054,000 after buying an additional 120 shares during the period. Finally, Lazard Asset Management LLC increased its position in Mohawk Industries by 2,257.0% during the 4th quarter. Lazard Asset Management LLC now owns 18,432 shares of the company's stock worth $2,194,000 after buying an additional 17,650 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.