Mohawk Industries (NYSE:MHK) Share Price Breaks Above 200-Day Moving Average – Here’s Why

Mohawk Industries, Inc. (NYSE:MHK)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $115.19 and traded as high as $120.22. Mohawk Industries shares last traded at $120.1030, with a volume of 796,001 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have commented on MHK shares. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Evercore set a $129.00 price target on shares of Mohawk Industries in a research report on Friday, September 25th. Melius Research assumed coverage on shares of Mohawk Industries in a report on Tuesday, October 6th. They set a “buy” rating and a $188.00 price target for the company. Truist Financial boosted their price objective on shares of Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Mohawk Industries from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $135.00.

Mohawk Industries Stock Down 3.0%

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13. The business has a 50 day simple moving average of $128.15 and a 200 day simple moving average of $115.38. The stock has a market cap of $8.14 billion, a PE ratio of 15.93, a P/E/G ratio of 1.71 and a beta of 1.16.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $1.09. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.79 billion. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, equities research analysts forecast that Mohawk Industries, Inc. will post 9.85 EPS for the current fiscal year.

Insider Transactions at Mohawk Industries

In other news, Director Bernard Thiers sold 13,393 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $134.98, for a total transaction of $1,807,787.14. Following the transaction, the director owned 93,633 shares of the company’s stock, valued at approximately $12,638,582.34. This represents a 12.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Suzanne L. Helen sold 800 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $125.62, for a total value of $100,496.00. Following the completion of the transaction, the insider directly owned 5,332 shares in the company, valued at $669,805.84. The trade was a 13.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 172,996 shares of company stock worth $22,433,248. 17.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Mohawk Industries during the 2nd quarter worth about $25,000. Basecamp Wealth Advisors LLC increased its position in Mohawk Industries by 2,281.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock worth $26,000 after buying an additional 251 shares during the period. Elevation Wealth Partners LLC lifted its holdings in shares of Mohawk Industries by 122.2% during the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock worth $27,000 after buying an additional 121 shares during the last quarter. SJS Investment Consulting Inc. boosted its position in shares of Mohawk Industries by 105.7% in the first quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock valued at $32,000 after acquiring an additional 166 shares during the period. Finally, Pension & Wealth Management Advisors Inc. bought a new stake in shares of Mohawk Industries in the third quarter valued at approximately $36,000. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global flooring manufacturer that produces and distributes products for residential and commercial applications. Its product portfolio includes broadloom carpet, carpet tile, area rugs, ceramic and porcelain tile, natural stone, hardwood, laminate, luxury vinyl tile and other resilient flooring products.

The company markets its products through a portfolio of well-known brands, including Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean and IVC.