Mohawk Industries (NYSE:MHK) Upgraded at Wall Street Zen

Mohawk Industries (NYSE:MHK) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also weighed in on MHK. Truist Financial raised their price objective on shares of Mohawk Industries from $148.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Royal Bank Of Canada raised their target price on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. UBS Group reiterated a “neutral” rating and set a $140.00 target price on shares of Mohawk Industries in a research report on Monday, February 16th. Robert W. Baird set a $156.00 price target on shares of Mohawk Industries in a research note on Tuesday, February 17th. Finally, Barclays set a $121.00 price objective on shares of Mohawk Industries in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $137.64.

Mohawk Industries Stock Down 0.5%

Shares of MHK opened at $102.47 on Friday. The company has a quick ratio of 1.21, a current ratio of 2.19 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $121.10 and a two-hundred day moving average price of $120.10. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 1.64 and a beta of 1.19. Mohawk Industries has a 12 month low of $96.24 and a 12 month high of $143.13.

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

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 5,658 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $105.19, for a total value of $595,165.02. Following the transaction, the insider owned 61,935 shares of the company’s stock, valued at approximately $6,514,942.65. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 15,200 shares of company stock valued at $1,648,276 over the last quarter. Corporate insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Mohawk Industries

Several hedge funds have recently bought and sold shares of the company. Atlas FRM LLC increased its holdings in shares of Mohawk Industries by 28.0% in the second quarter. Atlas FRM LLC now owns 608,000 shares of the company’s stock worth $63,743,000 after acquiring an additional 133,000 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Mohawk Industries in the 3rd quarter valued at $20,054,000. ARGA Investment Management LP lifted its position in Mohawk Industries by 1,508.1% in the 3rd quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock valued at $63,008,000 after acquiring an additional 458,349 shares in the last quarter. Schroder Investment Management Group boosted its stake in Mohawk Industries by 3.4% in the 3rd quarter. Schroder Investment Management Group now owns 837,556 shares of the company’s stock worth $107,978,000 after purchasing an additional 27,888 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Mohawk Industries by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock worth $235,902,000 after buying an additional 9,516 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

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.