Mohawk Industries (NYSE:MHK) Sets New 52-Week Low Following Analyst Downgrade

Shares of Mohawk Industries, Inc. (NYSE:MHK) reached a new 52-week low during trading on Monday after Robert W. Baird lowered their price target on the stock from $118.00 to $112.00. Robert W. Baird currently has a neutral rating on the stock. Mohawk Industries traded as low as $94.30 and last traded at $94.4640, with a volume of 642205 shares trading hands. The stock had previously closed at $99.93.

Several other analysts have also commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Mohawk Industries in a research note on Monday, April 27th. Evercore set a $143.00 target price on shares of Mohawk Industries in a research note on Tuesday, February 17th. UBS Group reissued a “neutral” rating and set a $140.00 target price on shares of Mohawk Industries in a research note on Monday, February 16th. Truist Financial increased their target price on shares of Mohawk Industries from $148.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Finally, Barclays cut their target price on shares of Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $126.64.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 5,658 shares of Mohawk Industries stock in a transaction that occurred on 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 of the company’s stock, valued at $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 SEC, which is available at this link. Insiders have sold 12,000 shares of company stock valued at $1,246,336 over the last quarter. Company insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of Mohawk Industries in the third quarter worth approximately $25,000. Bayforest Capital Ltd purchased a new position in shares of Mohawk Industries in the fourth quarter worth approximately $27,000. Global Retirement Partners LLC grew its position in Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after purchasing an additional 228 shares in the last quarter. Quent Capital LLC purchased a new position in Mohawk Industries during the third quarter valued at approximately $33,000. Finally, Transamerica Financial Advisors LLC grew its position in Mohawk Industries by 216.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after purchasing an additional 188 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

Mohawk Industries Price Performance

The stock’s 50-day moving average is $106.53 and its 200 day moving average is $113.30. The stock has a market capitalization of $5.79 billion, a PE ratio of 14.15, a P/E/G ratio of 2.01 and a beta of 1.21. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. As a group, equities analysts predict that Mohawk Industries, Inc. will post 9.08 earnings per share for the current year.

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.