Barclays Lowers Mohawk Industries (NYSE:MHK) Price Target to $96.00

Mohawk Industries (NYSE:MHK) had its price target dropped by equities research analysts at Barclays from $121.00 to $96.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential downside of 5.62% from the company’s current price.

Several other research analysts have also recently issued reports on MHK. Truist Financial raised their target price on shares of Mohawk Industries from $148.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Jefferies Financial Group reduced their target price on Mohawk Industries from $134.00 to $128.00 and set a “hold” rating on the stock in a report on Monday, December 15th. Royal Bank Of Canada boosted their target price on shares of Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Wells Fargo & Company boosted their target price on shares of Mohawk Industries from $110.00 to $125.00 and gave the company a “cautious” rating in a report on Wednesday, February 11th. Finally, Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Mohawk Industries has a consensus rating of “Hold” and a consensus price target of $136.80.

Mohawk Industries Price Performance

NYSE MHK traded up $4.13 on Wednesday, reaching $101.72. 597,468 shares of the company’s stock traded hands, compared to its average volume of 945,323. Mohawk Industries has a 12 month low of $94.56 and a 12 month high of $143.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.21. The stock has a 50-day simple moving average of $114.37 and a 200 day simple moving average of $115.68. The stock has a market cap of $6.25 billion, a PE ratio of 17.15, a P/E/G ratio of 1.54 and a beta of 1.24.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, February 12th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.02. Mohawk Industries had a net margin of 3.43% and a return on equity of 6.80%. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same period last year, the business earned $1.95 earnings per share. The business’s quarterly revenue was up 2.4% on a year-over-year basis. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. As a group, research analysts predict that Mohawk Industries will post 9.8 earnings per share for the current year.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $97.80, for a total transaction of $293,400.00. Following the completion of the sale, the insider owned 53,893 shares of the company’s stock, valued at $5,270,735.40. This represents a 5.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 12,000 shares of company stock worth $1,246,336. 17.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. grew its stake in shares of Mohawk Industries by 25.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 19,544 shares of the company’s stock valued at $2,136,000 after acquiring an additional 4,003 shares during the period. Corient Private Wealth LLC grew its stake in shares of Mohawk Industries by 112.1% during the 4th quarter. Corient Private Wealth LLC now owns 15,713 shares of the company’s stock valued at $1,717,000 after acquiring an additional 8,305 shares during the period. SG Trading Solutions LLC bought a new position in shares of Mohawk Industries during the 4th quarter valued at approximately $216,000. Strive Financial Group LLC bought a new position in Mohawk Industries in the 4th quarter worth approximately $98,000. Finally, State of Tennessee Department of Treasury boosted its stake in Mohawk Industries by 4.0% in the 4th quarter. State of Tennessee Department of Treasury now owns 15,915 shares of the company’s stock worth $1,884,000 after purchasing an additional 609 shares during the period. 78.98% of the stock is currently owned by institutional investors.

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.