Mohawk Industries (NYSE:MHK) Sets New 52-Week Low Following Analyst Downgrade

Key Points

• Mohawk Industries hit a new 52-week low of $94.30 after Robert W. Baird cut its price target from $118 to $112 and kept a neutral rating; the stock last traded around $94.46 on volume of 642,205 (previous close $99.93).
• Multiple firms have trimmed targets or ratings (e.g., Barclays to $96, Wells Fargo to $105), leaving a mixed analyst backdrop but an average consensus rating of Hold and an average target price of $126.64.
• Mohawk beat quarterly EPS expectations with $1.90 vs. $1.80 consensus, reported revenue up 8% year-over-year, and set Q2 guidance of 2.50–2.60 EPS.

Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) reached a new 52-week low during trading on Monday after Robert W. Baird lowered their price target on the stock from $118.00 to $112.00. Robert W. Baird currently has a neutral rating on the stock. Mohawk Industries traded as low as $94.30 and last traded at $94.4640, with a volume of 642205 shares trading hands. The stock had previously closed at $99.93.

A number of other research analysts also recently commented on MHK. Barclays reduced their price objective on shares of Mohawk Industries from $121.00 to $96.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 8th. Wall Street Zen downgraded shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research note on Saturday, April 11th. Royal Bank Of Canada increased their price objective on shares of Mohawk Industries from $122.00 to $135.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 17th. Weiss Ratings restated a "hold (c-)" rating on shares of Mohawk Industries in a research report on Monday, April 27th. Finally, Wells Fargo & Company decreased their price target on shares of Mohawk Industries from $125.00 to $105.00 and set an "equal weight" rating for the company in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $126.64.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 3,000 shares of Mohawk Industries stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $97.80, for a total value of $293,400.00. Following the sale, the insider directly owned 53,893 shares in the company, valued at $5,270,735.40. This trade represents a 5.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 12,000 shares of company stock valued at $1,246,336. Company insiders own 17.90% of the company's stock.

Hedge Funds Weigh In On Mohawk Industries

Large investors have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in Mohawk Industries during the 3rd quarter valued at about $25,000. Bayforest Capital Ltd acquired a new position in Mohawk Industries during the 4th quarter valued at about $27,000. Global Retirement Partners LLC increased its stake in Mohawk Industries by 950.0% during the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company's stock valued at $28,000 after buying an additional 228 shares during the period. Transamerica Financial Advisors LLC increased its stake in Mohawk Industries by 216.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company's stock valued at $30,000 after buying an additional 188 shares during the period. Finally, SJS Investment Consulting Inc. increased its stake in Mohawk Industries by 105.7% during the 1st quarter. SJS Investment Consulting Inc. now owns 323 shares of the company's stock valued at $32,000 after buying an additional 166 shares during the period. Institutional investors and hedge funds own 78.98% of the company's stock.

Mohawk Industries Stock Performance

The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 2.01 and a beta of 1.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. The company's 50 day simple moving average is $106.53 and its 200 day simple moving average is $113.30.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.10. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.74 billion. During the same quarter in the previous year, the company posted $1.52 EPS. The business's revenue was up 8.0% compared to the same quarter last year. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, equities research analysts anticipate that Mohawk Industries, Inc. will post 9.08 earnings per share for the current year.

Mohawk Industries Company Profile

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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