Mohawk Industries (NYSE:MHK) Stock Price Down 4.9% - What's Next?

Key Points

• Mohawk Industries' stock price fell by 4.9% to close at $130.13, with significantly increased trading volume of over 1.15 million shares.
• Analyst ratings show a diverse outlook: while JPMorgan Chase raised its price target to $140, Evercore ISI lowered its target to $123, suggesting mixed sentiments among experts.
• The company reported better-than-expected quarterly earnings of $2.77 per share, surpassing the consensus estimate of $2.62, indicating a positive financial performance despite a year-over-year earnings decline.

Mohawk Industries, Inc. (NYSE:MHK - Get Free Report)'s share price traded down 4.9% on Wednesday . The stock traded as low as $131.87 and last traded at $130.13. 1,159,429 shares were traded during trading, an increase of 45% from the average session volume of 801,983 shares. The stock had previously closed at $136.77.

Wall Street Analyst Weigh In

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

Mohawk Industries Stock Performance

The stock has a market cap of $8.10 billion, a P/E ratio of 17.33, a P/E/G ratio of 2.84 and a beta of 1.25. 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 business's 50-day moving average price is $125.59 and its 200-day moving average price is $113.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.62 by $0.15. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.76 billion. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. The business's revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.00 EPS. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. As a group, sell-side analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Insider Activity at Mohawk Industries

In other news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $120.81, for a total transaction of $1,932,960.00. Following the transaction, the chief executive officer owned 33,600 shares of the company's stock, valued at approximately $4,059,216. The trade was a 32.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bernard Thiers sold 10,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $128.21, for a total value of $1,282,100.00. Following the transaction, the director directly owned 105,532 shares in the company, valued at approximately $13,530,257.72. The trade was a 8.66% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,791 shares of company stock worth $4,357,225. 17.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mohawk Industries

Several institutional investors have recently added to or reduced their stakes in MHK. Yousif Capital Management LLC grew its position in Mohawk Industries by 1.1% during the second quarter. Yousif Capital Management LLC now owns 8,374 shares of the company's stock valued at $878,000 after acquiring an additional 88 shares during the period. Citadel Investment Advisory Inc. boosted its position in Mohawk Industries by 0.8% during the 1st quarter. Citadel Investment Advisory Inc. now owns 12,848 shares of the company's stock worth $1,467,000 after purchasing an additional 100 shares during the period. M&T Bank Corp boosted its holdings in Mohawk Industries by 3.8% in 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 boosted its position in 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 buying an additional 126 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Mohawk Industries by 4.7% during the 1st quarter. Venturi Wealth Management LLC now owns 2,899 shares of the company's stock valued at $331,000 after buying an additional 131 shares during the last quarter. 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.