Robert W. Baird Cuts Mohawk Industries (NYSE:MHK) Price Target to $112.00

Key Points

• Robert W. Baird cut its price target on Mohawk Industries to $112 (from $118) and kept a "neutral" rating, implying about an 11.5% upside from the prior close.
• Analyst consensus remains a "Hold" with an average target price of $129.64; analyst tallies show 1 Strong Buy, 3 Buy, 10 Hold and 1 Sell.
• Mohawk beat Q1 estimates with $1.90 EPS vs. $1.80 consensus, set Q2 2026 guidance of $2.50–$2.60 EPS, and the stock trades near $100.45 with a market cap around $6.15 billion.

Mohawk Industries (NYSE:MHK - Get Free Report) had its price objective lowered by investment analysts at Robert W. Baird from $118.00 to $112.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Robert W. Baird's price objective would indicate a potential upside of 11.50% from the company's previous close.

Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada boosted their target price on Mohawk Industries from $122.00 to $135.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 17th. Zacks Research downgraded Mohawk Industries from a "hold" rating to a "strong sell" rating in a research report on Friday, April 24th. Weiss Ratings reissued a "hold (c-)" rating on shares of Mohawk Industries in a research report on Monday, April 27th. Truist Financial boosted their target price on Mohawk Industries from $148.00 to $155.00 and gave the company a "buy" rating in a research report on Tuesday, February 17th. Finally, Wells Fargo & Company cut their target price on Mohawk Industries from $125.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $129.64.

Mohawk Industries Stock Performance

NYSE:MHK opened at $100.45 on Monday. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 2.01 and a beta of 1.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. The stock's 50 day simple moving average is $106.53 and its two-hundred day simple moving average is $113.30. Mohawk Industries has a 1 year low of $94.56 and a 1 year high of $143.13.

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

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 5,658 shares of the business's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $105.19, for a total transaction of $595,165.02. Following the completion of the transaction, the insider owned 61,935 shares in the company, valued at $6,514,942.65. The trade was a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 12,000 shares of company stock worth $1,246,336. 17.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Mohawk Industries

A number of large investors have recently bought and sold shares of the business. Citizens Financial Group Inc. RI purchased a new position in Mohawk Industries during the 1st quarter valued at $334,000. Fifth Third Bancorp boosted its holdings in Mohawk Industries by 789.0% during the 1st quarter. Fifth Third Bancorp now owns 22,394 shares of the company's stock valued at $2,205,000 after acquiring an additional 19,875 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Mohawk Industries by 1.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company's stock valued at $560,000 after acquiring an additional 101 shares during the period. ARGA Investment Management LP lifted its holdings in shares of Mohawk Industries by 36.1% in the 1st quarter. ARGA Investment Management LP now owns 353,433 shares of the company's stock worth $34,799,000 after buying an additional 93,669 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of Mohawk Industries by 217.2% in the 1st quarter. Hsbc Holdings PLC now owns 88,062 shares of the company's stock worth $8,627,000 after buying an additional 60,296 shares during the period. Hedge funds and other institutional investors own 78.98% of the company's stock.

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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