Robert W. Baird Downgrades Mohawk Industries (NYSE:MHK) to Hold

Mohawk Industries (NYSE:MHK) was downgraded by stock analysts at Robert W. Baird from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, MarketBeat reports. They currently have a $118.00 target price on the stock, down from their previous target price of $156.00. Robert W. Baird’s price target indicates a potential upside of 8.90% from the company’s previous close.

A number of other equities research analysts also recently commented on MHK. Wolfe Research downgraded Mohawk Industries from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. UBS Group reissued a “neutral” rating and issued a $140.00 target price on shares of Mohawk Industries in a report on Monday, February 16th. Bank of America reissued a “neutral” rating and issued a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a report on Monday. Evercore set a $143.00 target price on Mohawk Industries in a report on Tuesday, February 17th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Mohawk Industries in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Mohawk Industries presently has a consensus rating of “Hold” and a consensus target price of $130.18.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $108.36 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.21. The stock has a fifty day moving average price of $109.55 and a 200 day moving average price of $114.00. Mohawk Industries has a 1-year low of $94.56 and a 1-year high of $143.13. The company has a market cap of $6.63 billion, a PE ratio of 18.30, a P/E/G ratio of 2.16 and a beta of 1.24.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, February 12th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.02. Mohawk Industries had a return on equity of 6.80% and a net margin of 3.43%.The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same period last year, the company earned $1.95 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. Sell-side analysts forecast that Mohawk Industries will post 9.2 EPS for the current year.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 5,658 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $105.19, for a total value of $595,165.02. Following the completion of the transaction, the insider owned 61,935 shares in the company, valued at $6,514,942.65. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 12,000 shares of company stock valued at $1,246,336 in the last three months. Company insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of Mohawk Industries in the third quarter valued at $25,000. Bayforest Capital Ltd purchased a new position in shares of Mohawk Industries in the fourth quarter valued at $27,000. Global Retirement Partners LLC increased its position in shares of Mohawk Industries by 950.0% in the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after buying an additional 228 shares in the last quarter. Quent Capital LLC purchased a new position in shares of Mohawk Industries in the third quarter valued at $33,000. Finally, Transamerica Financial Advisors LLC increased its position in Mohawk Industries by 216.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after purchasing an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

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.