Mohawk Industries (NYSE:MHK) Rating Lowered to Hold at Wall Street Zen

by · The Cerbat Gem

Mohawk Industries (NYSE:MHK – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other analysts also recently issued reports about the company. Royal Bank Of Canada downgraded Mohawk Industries from a “sector perform” rating to an “underperform” rating and decreased their price target for the company from $130.00 to $112.00 in a research report on Wednesday, October 7th. Evercore set a $129.00 price objective on shares of Mohawk Industries in a research report on Friday, September 25th. Barclays boosted their target price on shares of Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Robert W. Baird boosted their price target on shares of Mohawk Industries from $112.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, Truist Financial increased 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. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $133.75.

Read Our Latest Research Report on Mohawk Industries

Mohawk Industries Stock Performance

Shares of Mohawk Industries stock opened at $139.57 on Friday. Mohawk Industries has a 1 year low of $92.99 and a 1 year high of $141.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.91. The firm’s 50-day simple moving average is $125.73 and its 200-day simple moving average is $116.57. The firm has a market cap of $9.45 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 2.00 and a beta of 1.18.

Mohawk Industries (NYSE:MHK – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.58 by $0.14. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Mohawk Industries had a return on equity of 7.47% and a net margin of 4.63%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.67 earnings per share. Equities analysts forecast that Mohawk Industries will post 9.80 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Suzanne L. Helen sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $139.48, for a total transaction of $139,480.00. Following the transaction, the insider directly owned 6,132 shares of the company’s stock, valued at approximately $855,291.36. The trade was a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 45,750 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $127.18, for a total value of $5,818,485.00. Following the completion of the transaction, the chief executive officer owned 78,425 shares in the company, valued at approximately $9,974,091.50. This trade represents a 36.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 106,693 shares of company stock valued at $13,709,238. 17.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mohawk Industries

Several institutional investors have recently bought and sold shares of MHK. Pinnacle Wealth Planning Services Inc. lifted its holdings in Mohawk Industries by 14.4% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 732 shares of the company’s stock valued at $91,000 after purchasing an additional 92 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Mohawk Industries by 1.8% during the first quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock valued at $560,000 after acquiring an additional 101 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in shares of Mohawk Industries by 122.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock worth $27,000 after acquiring an additional 121 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Mohawk Industries in the second quarter worth approximately $25,000. Finally, VestGen Advisors LLC raised its holdings in Mohawk Industries by 13.5% during the third quarter. VestGen Advisors LLC now owns 1,878 shares of the company’s stock valued at $234,000 after buying an additional 223 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

Mohawk Industries News Roundup

Here are the key news stories impacting Mohawk Industries this week:

  • Positive Sentiment: Q3 earnings exceeded expectations: Mohawk reported diluted EPS of $2.72, up from $2.67 a year earlier and above the approximately $2.56–$2.58 analyst consensus. Net sales rose about 1% year over year to $2.786 billion, while operating income increased to $187.7 million from $136.7 million. Mohawk Industries Reports Q3 2026 Results
  • Positive Sentiment: Cash flow and shareholder returns were strong: Operating cash flow reached $471 million and free cash flow totaled $390 million, up 78% year to date. The company repurchased approximately 2.0 million shares for $261 million during the quarter, reducing shares outstanding by about 4%. Mohawk Industries Reports Q3 2026 Sales and EPS
  • Positive Sentiment: New buyback authorization supports the stock: Mohawk approved an additional repurchase program of up to $500 million and introduced a long-term strategic and capital-allocation framework focused on shareholder value creation. Mohawk Announces New Share Repurchase Authorization
  • Neutral Sentiment: Results were mixed by segment: Growth in Global Ceramic and Flooring North America helped offset broadly flat adjusted sales, with adjusted EBITDA of approximately $353 million and a 12.7% margin.
  • Negative Sentiment: Revenue missed forecasts and near-term guidance is cautious: Sales came in below the roughly $2.82 billion consensus estimate. Management forecast fourth-quarter adjusted EPS of $1.35–$1.45, indicating weaker sequential earnings momentum and leaving investors sensitive to demand conditions in the flooring market. Mohawk Industries Q3 2026 Earnings Call Transcript

Mohawk Industries Company Profile

(Get Free Report)

Mohawk Industries, Inc is a global manufacturer and distributor of flooring products. The company serves residential and commercial customers through products sold to retailers, distributors, builders, contractors and other industry professionals.

Its product portfolio includes carpet, rugs, ceramic and porcelain tile, hardwood flooring, laminate, luxury vinyl tile and other resilient flooring products. Mohawk markets products under a range of well-known brands, including Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean and Durkan.

The company traces its origins to a carpet mill established in 1878 and is headquartered in Calhoun, Georgia.

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