Truist Financial Issues Pessimistic Forecast for Mohawk Industries (NYSE:MHK) Stock Price

Key Points

• Truist Financial cut its price target on Mohawk Industries from $155 to $135 but maintained a "buy" rating, with the new target implying roughly a 39.85% upside from the recent close.
• Analyst sentiment is mixed-to-neutral overall — MarketBeat shows a consensus rating of "Hold" with a $124.82 consensus target and most recent downgrades/target cuts from firms including Barclays and Robert W. Baird.
• Mohawk posted Q1 EPS of $1.90 (beating $1.80) and revenue of $2.73B (slightly below estimates), set Q2 guidance of $2.50–$2.60 EPS, and the stock was trading around $96.53 at the report time.

Mohawk Industries (NYSE:MHK - Get Free Report) had its price objective dropped by equities research analysts at Truist Financial from $155.00 to $135.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's target price would indicate a potential upside of 39.85% from the company's previous close.

Several other equities research analysts also recently commented on the stock. Barclays lowered their price objective on shares of Mohawk Industries from $121.00 to $96.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 8th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Mohawk Industries in a research note on Monday, April 27th. Wolfe Research downgraded shares of Mohawk Industries from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 7th. UBS Group reiterated a "neutral" rating and set a $140.00 price objective on shares of Mohawk Industries in a research note on Monday, February 16th. Finally, Robert W. Baird lowered their price objective on shares of Mohawk Industries from $118.00 to $112.00 and set a "neutral" rating for the company in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $124.82.

Mohawk Industries Stock Up 1.7%

MHK traded up $1.60 during trading on Tuesday, hitting $96.53. The stock had a trading volume of 91,414 shares, compared to its average volume of 961,325. The company has a market capitalization of $5.91 billion, a PE ratio of 14.47, a PEG ratio of 2.01 and a beta of 1.20. Mohawk Industries has a twelve month low of $93.60 and a twelve month high of $143.13. 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 stock has a 50 day simple moving average of $106.53 and a two-hundred day simple moving average of $113.30.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced 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 company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. Mohawk Industries's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, research analysts predict that Mohawk Industries will post 9.08 earnings per share for the current year.

Insider Activity

In related news, insider Suzanne L. Helen sold 5,658 shares of the firm's stock in a transaction on Monday, March 9th. The shares were 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 of the company's stock, valued at $6,514,942.65. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 12,000 shares of company stock worth $1,246,336 over the last three months. Company insiders own 17.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MHK. Root Financial Partners LLC purchased a new position in Mohawk Industries in the third quarter valued at $25,000. Bayforest Capital Ltd purchased a new position in Mohawk Industries in the fourth quarter valued at $27,000. Global Retirement Partners LLC increased its holdings in Mohawk Industries by 950.0% in the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company's stock valued at $28,000 after buying an additional 228 shares in the last quarter. Transamerica Financial Advisors LLC increased its stake in shares of Mohawk Industries by 216.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company's stock worth $30,000 after purchasing an additional 188 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its stake in shares of Mohawk Industries by 105.7% during the first quarter. SJS Investment Consulting Inc. now owns 323 shares of the company's stock worth $32,000 after purchasing an additional 166 shares in the last quarter. 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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