Mohawk Industries (NYSE:MHK) Given Neutral Rating at Bank of America

Bank of America reissued their neutral rating on shares of Mohawk Industries (NYSE:MHK) in a research note published on Monday morning, Marketbeat Ratings reports. Bank of America currently has a $122.00 price objective on the stock, down from their prior price objective of $149.00.

A number of other equities research analysts have also issued reports on the stock. Wolfe Research lowered shares of Mohawk Industries from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Royal Bank Of Canada increased their target price on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a research report on Wednesday, January 28th. Evercore set a $143.00 target price on Mohawk Industries in a research report on Tuesday, February 17th. Finally, Robert W. Baird set a $156.00 target price on Mohawk Industries in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $133.64.

Mohawk Industries Trading Up 0.7%

Shares of MHK opened at $109.65 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.21. Mohawk Industries has a 1 year low of $94.56 and a 1 year high of $143.13. The company has a 50 day simple moving average of $110.64 and a two-hundred day simple moving average of $114.19. The firm has a market cap of $6.71 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, February 12th. The company reported $2.00 earnings per share (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 during the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the firm posted $1.95 EPS. The company’s 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, equities analysts expect that Mohawk Industries will post 9.43 earnings per share for the current fiscal year.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $97.80, for a total value of $293,400.00. Following the completion of the sale, the insider directly owned 53,893 shares in the company, valued at $5,270,735.40. This trade represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 12,000 shares of company stock valued at $1,246,336 in the last ninety days. 17.90% of the stock is owned by company insiders.

Institutional Trading of Mohawk Industries

A number of institutional investors have recently bought and sold shares of MHK. Krilogy Financial LLC lifted its position in shares of Mohawk Industries by 70.3% during the first quarter. Krilogy Financial LLC now owns 8,614 shares of the company’s stock worth $880,000 after purchasing an additional 3,555 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Mohawk Industries by 491.1% during the first quarter. SG Americas Securities LLC now owns 200,382 shares of the company’s stock worth $19,730,000 after purchasing an additional 166,485 shares during the last quarter. Evolve Private Wealth LLC lifted its position in shares of Mohawk Industries by 81.9% during the first quarter. Evolve Private Wealth LLC now owns 5,525 shares of the company’s stock worth $544,000 after purchasing an additional 2,488 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its position in shares of Mohawk Industries by 26.1% during the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 122,638 shares of the company’s stock worth $12,068,000 after purchasing an additional 25,386 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Mohawk Industries by 455.1% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 23,840 shares of the company’s stock worth $2,347,000 after purchasing an additional 19,545 shares during the last quarter. 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.