Robert W. Baird Cuts Mohawk Industries (NYSE:MHK) Price Target to $112.00

Mohawk Industries (NYSE:MHK) had its price target cut by investment analysts at Robert W. Baird from $118.00 to $112.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 11.50% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Wells Fargo & Company lowered their target price on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Wall Street Zen cut Mohawk Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Monday, April 27th. Wolfe Research cut Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Finally, Bank of America restated a “neutral” rating and set a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $129.64.

Mohawk Industries Price Performance

Shares of MHK stock opened at $100.45 on Monday. Mohawk Industries has a twelve month low of $94.56 and a twelve month high of $143.13. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 2.01 and a beta of 1.21. The stock has a fifty day simple moving average of $106.53 and a two-hundred day simple moving average of $113.30. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21.

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

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 3,000 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $97.80, for a total transaction of $293,400.00. Following the completion of the sale, the insider directly owned 53,893 shares in the company, valued at $5,270,735.40. This represents a 5.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders sold 12,000 shares of company stock worth $1,246,336. Corporate insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Rexford Capital Inc. increased 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 valued at $119,000 after buying an additional 100 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Mohawk Industries by 0.6% during 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 in the last quarter. Sequoia Financial Advisors LLC increased its position in Mohawk Industries by 1.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock valued at $560,000 after buying an additional 101 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in 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 buying an additional 105 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. increased its position in Mohawk Industries by 22.6% during the 3rd 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 in the last quarter. 78.98% of the stock is 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.