Mohawk Industries, Inc. (NYSE:MHK - Free Report) - Equities researchers at Zacks Research lifted their Q1 2025 EPS estimates for Mohawk Industries in a research report issued to clients and investors on Monday, April 28th. Zacks Research analyst R. Department now expects that the company will earn $1.40 per share for the quarter, up from their previous estimate of $1.39. The consensus estimate for Mohawk Industries' current full-year earnings is $9.80 per share. Zacks Research also issued estimates for Mohawk Industries' FY2025 earnings at $9.48 EPS, FY2026 earnings at $11.51 EPS and Q1 2027 earnings at $2.76 EPS.
A number of other equities research analysts have also recently issued reports on the company. Loop Capital dropped their price objective on Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Raymond James reaffirmed a "strong-buy" rating and set a $165.00 price target (down from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Truist Financial decreased their price objective on shares of Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their target price on shares of Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Finally, Robert W. Baird lowered their price target on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $142.57.
Read Our Latest Analysis on MHK
Mohawk Industries Stock Down 1.7 %
MHK traded down $1.82 on Wednesday, hitting $104.63. 1,660,434 shares of the company were exchanged, compared to its average volume of 742,351. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The stock's fifty day moving average is $110.16 and its 200-day moving average is $123.15. The company has a market cap of $6.54 billion, a PE ratio of 12.87, a PEG ratio of 1.44 and a beta of 1.23. Mohawk Industries has a 12 month low of $96.24 and a 12 month high of $164.29.
Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.41 by $0.11. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.56 billion. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. The company's revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.86 EPS.
Hedge Funds Weigh In On Mohawk Industries
A number of hedge funds have recently bought and sold shares of MHK. Pzena Investment Management LLC boosted its holdings in shares of Mohawk Industries by 2.5% in the 1st quarter. Pzena Investment Management LLC now owns 1,115,944 shares of the company's stock worth $127,418,000 after buying an additional 27,676 shares during the last quarter. Bailard Inc. purchased a new stake in Mohawk Industries during the first quarter valued at about $514,000. Dynasty Wealth Management LLC bought a new position in Mohawk Industries during the first quarter worth about $239,000. SeaBridge Investment Advisors LLC purchased a new position in shares of Mohawk Industries in the first quarter worth about $207,000. Finally, Victory Capital Management Inc. raised its position in shares of Mohawk Industries by 9.5% in the first quarter. Victory Capital Management Inc. now owns 249,470 shares of the company's stock valued at $28,484,000 after purchasing an additional 21,597 shares during the period. 78.98% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $113.44, for a total value of $1,191,120.00. Following the transaction, the insider now directly owns 93,584 shares in the company, valued at $10,616,168.96. This trade represents a 10.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.40% of the stock is currently owned by company insiders.
Mohawk Industries Company Profile
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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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