Truist Financial Issues Positive Forecast for Mohawk Industries (NYSE:MHK) Stock Price

Mohawk Industries (NYSE:MHK) had its target price raised by Truist Financial from $148.00 to $155.00 in a research note issued to investors on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other equities analysts have also commented on the company. Wells Fargo & Company boosted their price target on Mohawk Industries from $110.00 to $125.00 and gave the stock a “cautious” rating in a research report on Wednesday, February 11th. Wolfe Research cut shares of Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. UBS Group reaffirmed a “neutral” rating and set a $140.00 price target on shares of Mohawk Industries in a report on Monday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Wednesday, January 28th. Finally, Robert W. Baird set a $156.00 price target on shares of Mohawk Industries in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Mohawk Industries presently has an average rating of “Hold” and an average target price of $137.64.

Mohawk Industries Trading Down 0.7%

Shares of MHK stock opened at $131.73 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 2.19 and a debt-to-equity ratio of 0.21. Mohawk Industries has a fifty-two week low of $96.24 and a fifty-two week high of $143.13. The firm’s 50 day moving average price is $118.61 and its two-hundred day moving average price is $121.11. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 3.69 and a beta of 1.23.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, February 12th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.02. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.68 billion. Mohawk Industries had a net margin of 3.43% and a return on equity of 6.80%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.95 EPS. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. On average, analysts anticipate that Mohawk Industries will post 9.8 EPS for the current year.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 3,500 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $110.36, for a total value of $386,260.00. Following the completion of the transaction, the insider owned 70,593 shares in the company, valued at $7,790,643.48. This represents a 4.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold 14,485 shares of company stock worth $1,604,006 over the last quarter. 17.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mohawk Industries

Several hedge funds and other institutional investors have recently bought and sold shares of MHK. Yousif Capital Management LLC grew its holdings in shares of Mohawk Industries by 1.1% in the second quarter. Yousif Capital Management LLC now owns 8,374 shares of the company’s stock valued at $878,000 after acquiring an additional 88 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Mohawk Industries by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock worth $2,224,000 after purchasing an additional 100 shares during the last quarter. Rexford Capital Inc. grew its stake in Mohawk Industries by 10.1% in the 4th quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock valued at $119,000 after purchasing an additional 100 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Mohawk Industries by 7.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock valued at $171,000 after purchasing an additional 105 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. raised its stake in shares of Mohawk Industries by 22.6% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 612 shares of the company’s stock worth $78,000 after purchasing an additional 113 shares during the period. 78.98% of the stock is currently owned by institutional investors.

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.