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

Mohawk Industries (NYSE:MHK) had its price target reduced by investment analysts at Truist Financial from $155.00 to $135.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 39.85% from the stock’s current price.

A number of other analysts have also recently commented on MHK. Wolfe Research cut shares of Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. UBS Group restated a “neutral” rating and set a $140.00 price target on shares of Mohawk Industries in a research report on Monday, February 16th. Robert W. Baird lowered their price target on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a research report on Monday. Zacks Research lowered shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Finally, Barclays lowered their price target on shares of Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $124.82.

Mohawk Industries Price Performance

Shares of MHK stock traded up $1.60 on Tuesday, reaching $96.53. 91,414 shares of the company were exchanged, compared to its average volume of 961,325. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 2.01 and a beta of 1.20. The business has a 50-day moving average price of $106.53 and a 200 day moving average price of $113.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. Mohawk Industries has a 1 year low of $93.60 and a 1 year high of $143.13.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Equities research analysts forecast that Mohawk Industries will post 9.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 5,658 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.19, for a total value of $595,165.02. Following the transaction, the insider directly owned 61,935 shares in the company, valued at $6,514,942.65. The trade was a 8.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 12,000 shares of company stock worth $1,246,336 in the last quarter. Insiders own 17.90% of the company’s stock.

Hedge Funds Weigh In On Mohawk Industries

Several institutional investors and hedge funds have recently bought and sold shares of MHK. Goldman Sachs Group Inc. boosted its holdings in Mohawk Industries by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock valued at $39,369,000 after purchasing an additional 42,655 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Mohawk Industries by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock valued at $22,148,000 after purchasing an additional 1,175 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Mohawk Industries in the 1st quarter valued at about $149,000. Creative Planning boosted its holdings in Mohawk Industries by 10.2% in the 2nd quarter. Creative Planning now owns 3,730 shares of the company’s stock valued at $391,000 after purchasing an additional 346 shares during the last quarter. Finally, CW Advisors LLC acquired a new position in Mohawk Industries in the 2nd quarter valued at about $280,000. 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.