Mohawk Industries, Inc. (NYSE:MHK – Get Free Report) has been assigned a consensus rating of “Hold” from the fifteen brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $137.25.
Several equities analysts recently commented on the company. Royal Bank Of Canada lowered Mohawk Industries from a “sector perform” rating to an “underperform” rating and dropped their target price for the company from $130.00 to $112.00 in a research note on Wednesday, October 7th. Weiss Ratings raised shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Evercore raised shares of Mohawk Industries to an “outperform” rating and set a $171.00 target price on the stock in a research note on Monday. Wells Fargo & Company increased their price target on shares of Mohawk Industries from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Finally, Melius Research began coverage on Mohawk Industries in a report on Tuesday, October 6th. They issued a “buy” rating and a $188.00 price objective for the company.
Get Our Latest Stock Report on MHK
Mohawk Industries Stock Up 0.1%
Shares of NYSE MHK opened at $139.57 on Wednesday. The company has a current ratio of 1.91, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14. Mohawk Industries has a 12-month low of $92.99 and a 12-month high of $141.17. The stock has a market capitalization of $9.45 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 2.00 and a beta of 1.18. The stock’s fifty day simple moving average is $125.73 and its two-hundred day simple moving average is $116.57.
Mohawk Industries (NYSE:MHK – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. Mohawk Industries had a return on equity of 7.47% and a net margin of 4.63%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the firm posted $2.67 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, analysts expect that Mohawk Industries will post 9.80 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, insider Suzanne L. Helen sold 1,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $139.48, for a total transaction of $139,480.00. Following the sale, the insider directly owned 6,132 shares in the company, valued at $855,291.36. This represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Bernard Thiers sold 13,393 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $134.98, for a total transaction of $1,807,787.14. Following the completion of the sale, the director directly owned 93,633 shares in the company, valued at approximately $12,638,582.34. This trade represents a 12.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 106,693 shares of company stock valued at $13,709,238. 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. BlackRock Inc. purchased a new position in Mohawk Industries during the second quarter worth about $777,293,000. Dimensional Fund Advisors LP increased its stake in Mohawk Industries by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,219,318 shares of the company’s stock valued at $316,962,000 after buying an additional 80,761 shares during the period. Pzena Investment Management LLC purchased a new position in Mohawk Industries in the second quarter worth $138,661,000. Canada Pension Plan Investment Board purchased a new position in Mohawk Industries in the 2nd quarter valued at approximately $80,880,000. Finally, Bank of America Corp DE grew its position in shares of Mohawk Industries by 68.0% in the first quarter. Bank of America Corp DE now owns 444,345 shares of the company’s stock valued at $43,750,000 after purchasing an additional 179,925 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.
Key Mohawk Industries News
Here are the key news stories impacting Mohawk Industries this week:
- Positive Sentiment: Q3 earnings exceeded expectations: Mohawk reported diluted EPS of $2.72, up from $2.67 a year earlier and above the approximately $2.56–$2.58 analyst consensus. Net sales rose about 1% year over year to $2.786 billion, while operating income increased to $187.7 million from $136.7 million. Mohawk Industries Reports Q3 2026 Results
- Positive Sentiment: Cash flow and shareholder returns were strong: Operating cash flow reached $471 million and free cash flow totaled $390 million, up 78% year to date. The company repurchased approximately 2.0 million shares for $261 million during the quarter, reducing shares outstanding by about 4%. Mohawk Industries Reports Q3 2026 Sales and EPS
- Positive Sentiment: New buyback authorization supports the stock: Mohawk approved an additional repurchase program of up to $500 million and introduced a long-term strategic and capital-allocation framework focused on shareholder value creation. Mohawk Announces New Share Repurchase Authorization
- Neutral Sentiment: Results were mixed by segment: Growth in Global Ceramic and Flooring North America helped offset broadly flat adjusted sales, with adjusted EBITDA of approximately $353 million and a 12.7% margin.
- Negative Sentiment: Revenue missed forecasts and near-term guidance is cautious: Sales came in below the roughly $2.82 billion consensus estimate. Management forecast fourth-quarter adjusted EPS of $1.35–$1.45, indicating weaker sequential earnings momentum and leaving investors sensitive to demand conditions in the flooring market. Mohawk Industries Q3 2026 Earnings Call Transcript
About Mohawk Industries
Mohawk Industries, Inc is a global manufacturer and distributor of flooring products. The company serves residential and commercial customers through products sold to retailers, distributors, builders, contractors and other industry professionals.
Its product portfolio includes carpet, rugs, ceramic and porcelain tile, hardwood flooring, laminate, luxury vinyl tile and other resilient flooring products. Mohawk markets products under a range of well-known brands, including Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean and Durkan.
The company traces its origins to a carpet mill established in 1878 and is headquartered in Calhoun, Georgia.
Featured Stories
- Five stocks we like better than Mohawk Industries
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
- Oracle’s AI Spending Peak Is in Sight—Can the Stock Recover?
Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter.
