Mohawk Industries (NYSE:MHK) Stock Rating Lowered by Wall Street Zen

Mohawk Industries (NYSE:MHK) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

MHK has been the subject of a number of other research reports. Raymond James Financial reiterated a “strong-buy” rating and set a $150.00 price objective (up previously from $140.00) on shares of Mohawk Industries in a research note on Tuesday, October 21st. Vertical Research initiated coverage on Mohawk Industries in a research note on Monday, October 20th. They issued a “buy” rating on the stock. Jefferies Financial Group reduced their price target on Mohawk Industries from $134.00 to $128.00 and set a “hold” rating for the company in a research report on Monday. Evercore ISI decreased their price target on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a report on Wednesday, November 19th. Finally, Wells Fargo & Company lowered their price objective on Mohawk Industries from $125.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mohawk Industries has an average rating of “Moderate Buy” and a consensus price target of $135.79.

Mohawk Industries Stock Performance

MHK opened at $107.87 on Friday. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. Mohawk Industries has a 12-month low of $96.24 and a 12-month high of $143.13. The firm has a 50 day moving average of $114.04 and a two-hundred day moving average of $117.46. The firm has a market capitalization of $6.67 billion, a PE ratio of 16.05, a P/E/G ratio of 2.22 and a beta of 1.23.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, October 23rd. The company reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.01). The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Mohawk Industries had a return on equity of 6.97% and a net margin of 3.93%.The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the business earned $2.90 EPS. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, analysts anticipate that Mohawk Industries will post 9.8 EPS for the current year.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $110.36, for a total value of $386,260.00. Following the sale, the insider directly owned 70,593 shares of the company’s stock, valued at approximately $7,790,643.48. This trade represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 17,600 shares of company stock worth $1,945,754 in the last quarter. Corporate insiders own 17.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MHK. Root Financial Partners LLC purchased a new stake in Mohawk Industries in the 3rd quarter worth $25,000. Quent Capital LLC acquired a new stake in shares of Mohawk Industries in the third quarter valued at about $33,000. MTM Investment Management LLC purchased a new stake in shares of Mohawk Industries during the second quarter worth about $28,000. SJS Investment Consulting Inc. raised its position in shares of Mohawk Industries by 5,385.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 384 shares of the company’s stock worth $50,000 after purchasing an additional 377 shares during the last quarter. Finally, Danske Bank A S purchased a new position in Mohawk Industries in the 3rd quarter valued at about $52,000. 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.