Mohawk Industries (NYSE:MHK – Free Report) had its price objective hoisted by Wells Fargo & Company from $115.00 to $125.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.
A number of other equities research analysts have also issued reports on the company. Evercore set a $110.00 price target on Mohawk Industries in a research report on Monday, May 4th. Truist Financial reduced their price objective on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Bank of America reissued a “neutral” rating and set a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft set a $109.00 target price on Mohawk Industries in a report on Tuesday, May 5th. Finally, Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $130.50.
Read Our Latest Stock Analysis on MHK
Mohawk Industries Stock Performance
Mohawk Industries (NYSE:MHK – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $1.09. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the prior year, the company earned $2.77 EPS. Mohawk Industries’s revenue was up 6.8% compared to the same quarter last year. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, sell-side analysts forecast that Mohawk Industries will post 9.42 earnings per share for the current fiscal year.
Insider Activity
In other news, insider Suzanne L. Helen sold 7,000 shares of Mohawk Industries stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $131.52, for a total transaction of $920,640.00. Following the sale, the insider owned 7,132 shares of the company’s stock, valued at approximately $938,000.64. The trade was a 49.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey S. Lorberbaum sold 5,764 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $131.76, for a total value of $759,464.64. Following the completion of the transaction, the chief executive officer owned 79,625 shares in the company, valued at $10,491,390. This represents a 6.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 106,489 shares of company stock valued at $13,184,331. 17.90% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Mohawk Industries
Several large investors have recently modified their holdings of the business. UBS Group AG lifted its stake in Mohawk Industries by 6.1% during the 4th quarter. UBS Group AG now owns 227,068 shares of the company’s stock worth $24,819,000 after acquiring an additional 13,090 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Mohawk Industries by 93.3% during the fourth quarter. State of Alaska Department of Revenue now owns 42,941 shares of the company’s stock worth $4,693,000 after purchasing an additional 20,728 shares during the period. Tejara Capital Ltd acquired a new stake in shares of Mohawk Industries during the fourth quarter worth about $2,514,000. Olstein Capital Management L.P. boosted its stake in shares of Mohawk Industries by 23.9% in the fourth quarter. Olstein Capital Management L.P. now owns 68,750 shares of the company’s stock valued at $7,514,000 after purchasing an additional 13,250 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Mohawk Industries by 11.5% in the fourth quarter. BNP Paribas Financial Markets now owns 132,723 shares of the company’s stock valued at $14,507,000 after purchasing an additional 13,663 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.
Trending Headlines about Mohawk Industries
Here are the key news stories impacting Mohawk Industries this week:
- Positive Sentiment: Truist raised its price target to $155 and maintained a Buy rating, citing confidence in Mohawk’s earnings recovery and operating improvements. Wells Fargo also increased its target to $125, although it retained an Equal Weight rating. Analyst price-target updates
- Positive Sentiment: Mohawk’s second-quarter results substantially exceeded expectations. EPS was $3.67 versus the $2.58 consensus estimate, while revenue reached $2.99 billion compared with expectations of $2.79 billion. Revenue increased 6.8% year over year, helped by pricing, productivity and stronger product execution. Mohawk Q2 earnings analysis
- Positive Sentiment: Productivity initiatives, restructuring benefits, pricing actions and improved cash generation strengthen the recovery case, even as the housing market remains challenging. Mohawk guided to third-quarter EPS of $2.38-$2.48. Mohawk investment analysis
- Neutral Sentiment: Investors are now focused on margin durability. The next catalyst is evidence that wider margins can persist without comparable tariff-refund benefits, particularly while residential flooring demand remains subdued. Margin durability analysis
- Negative Sentiment: Insider selling is adding caution. Director Suzanne L. Helen sold 7,000 shares for approximately $920,640, reducing her position by nearly half. Chief Accounting Officer David Lee Repp separately sold 225 shares for about $29,383. The transactions are not necessarily fundamental signals, but may pressure sentiment after the recent rally. Suzanne Helen SEC filing David Repp SEC filing
- Negative Sentiment: Valuation and analyst caution may limit near-term upside. Wells Fargo and Barclays maintain neutral ratings, while the consensus price target of $130.50 is below recent trading levels. Weak housing demand remains a key risk to the recovery. Mohawk recent performance analysis
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.
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