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

Mohawk Industries (NYSE:MHK) had its target price decreased by analysts at Barclays from $121.00 to $96.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential downside of 6.97% from the company’s previous close.

Other analysts have also recently issued reports about the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Mohawk Industries in a report on Wednesday, January 28th. Evercore set a $143.00 target price on shares of Mohawk Industries in a research note on Tuesday, February 17th. Jefferies Financial Group lowered their price target on shares of Mohawk Industries from $134.00 to $128.00 and set a “hold” rating for the company in a research report on Monday, December 15th. Wells Fargo & Company boosted their price target on shares of Mohawk Industries from $110.00 to $125.00 and gave the stock a “cautious” rating in a research note on Wednesday, February 11th. Finally, Robert W. Baird set a $156.00 price objective on shares of Mohawk Industries in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $134.80.

Mohawk Industries Stock Up 2.2%

Shares of MHK opened at $103.19 on Wednesday. The business’s fifty day moving average price is $113.66 and its two-hundred day moving average price is $115.49. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.61 and a beta of 1.24. Mohawk Industries has a 52 week low of $94.56 and a 52 week high of $143.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 2.19.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, February 12th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.02. Mohawk Industries had a return on equity of 6.80% and a net margin of 3.43%.The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the company posted $1.95 earnings per share. The firm’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. On average, analysts predict that Mohawk Industries will post 9.8 earnings per share for the current year.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 5,658 shares of the 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 sale, the insider owned 61,935 shares of the company’s stock, valued at $6,514,942.65. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 12,000 shares of company stock valued at $1,246,336 in the last ninety days. 17.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mohawk Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new stake in shares of Mohawk Industries in the 3rd quarter valued at about $25,000. Bayforest Capital Ltd acquired a new position in shares of Mohawk Industries during the fourth quarter worth about $27,000. Global Retirement Partners LLC boosted its position in shares of Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after buying an additional 228 shares during the period. Quent Capital LLC bought a new position in shares of Mohawk Industries during the third quarter worth about $33,000. Finally, Transamerica Financial Advisors LLC raised its position in Mohawk Industries by 216.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after buying an additional 188 shares during the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

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.