Wall Street Zen Upgrades Mohawk Industries (NYSE:MHK) to Buy

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

Several other brokerages also recently commented on MHK. UBS Group restated a “neutral” rating and set a $140.00 price objective on shares of Mohawk Industries in a research report on Monday, February 16th. Evercore set a $143.00 target price on Mohawk Industries in a report on Tuesday, February 17th. Truist Financial lifted their price target on Mohawk Industries from $148.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Barclays set a $121.00 price target on Mohawk Industries in a report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $137.64.

Mohawk Industries Trading Down 0.5%

Shares of Mohawk Industries stock 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. Mohawk Industries has a 12-month low of $96.24 and a 12-month high of $143.13. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 1.63 and a beta of 1.19. The firm’s 50-day moving average price is $121.10 and its two-hundred day moving average price is $119.93.

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

Insider Transactions 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 shares were sold at an average price of $105.19, for a total transaction of $595,165.02. Following the completion of the transaction, the insider owned 61,935 shares of the company’s stock, valued at approximately $6,514,942.65. This trade represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 13,200 shares of company stock valued at $1,426,876. Corporate insiders own 17.40% of the company’s stock.

Institutional Trading of Mohawk Industries

Several institutional investors have recently modified their holdings of the business. Rexford Capital Inc. raised its position in Mohawk Industries by 10.1% during the 4th quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock worth $119,000 after purchasing an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Mohawk Industries by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock valued at $2,224,000 after buying an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Mohawk Industries by 7.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock valued at $171,000 after buying an additional 105 shares during the last quarter. Resona Asset Management Co. Ltd. increased its stake in shares of Mohawk Industries by 22.6% in the third quarter. Resona Asset Management Co. Ltd. now owns 612 shares of the company’s stock valued at $78,000 after buying an additional 113 shares during the period. Finally, AlphaQuest LLC raised its position in shares of Mohawk Industries by 4.2% during the third quarter. AlphaQuest LLC now owns 2,774 shares of the company’s stock worth $358,000 after acquiring an additional 113 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

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.