Mohawk Industries (MHK) – Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Mohawk Industries (NYSE: MHK):

• 2/4/2025 – Mohawk Industries had its price target lowered by analysts at Wells Fargo & Company from $135.00 to $130.00. They now have an “equal weight” rating on the stock.
• 1/21/2025 – Mohawk Industries was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/16/2025 – Mohawk Industries had its price target lowered by analysts at Barclays PLC from $141.00 to $130.00. They now have an “equal weight” rating on the stock.
• 1/14/2025 – Mohawk Industries had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $170.00 to $145.00. They now have a “buy” rating on the stock.
• 1/10/2025 – Mohawk Industries was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $161.00 price target on the stock, up previously from $151.00.
• 1/9/2025 – Mohawk Industries was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/8/2025 – Mohawk Industries was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $150.00 price target on the stock.
• 12/18/2024 – Mohawk Industries was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/17/2024 – Mohawk Industries had its price target lowered by analysts at Wells Fargo & Company from $140.00 to $135.00. They now have an “equal weight” rating on the stock.
• 12/11/2024 – Mohawk Industries had its price target lowered by analysts at Barclays PLC from $146.00 to $141.00. They now have an “equal weight” rating on the stock.

Mohawk Industries Stock Performance

Shares of MHK traded up $1.09 on Tuesday, reaching $120.13. The company’s stock had a trading volume of 767,332 shares, compared to its average volume of 766,488. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. The stock has a market capitalization of $7.58 billion, a P/E ratio of 13.60, a PEG ratio of 1.60 and a beta of 1.41. The stock’s 50 day simple moving average is $125.78 and its two-hundred day simple moving average is $140.85. Mohawk Industries, Inc. has a 12-month low of $101.83 and a 12-month high of $164.29.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $130.86, for a total transaction of $1,187,947.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 19,078 shares of company stock valued at $2,474,347. 17.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Mohawk Industries

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Mohawk Industries by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock worth $485,983,000 after buying an additional 74,123 shares in the last quarter. FMR LLC lifted its holdings in shares of Mohawk Industries by 52.3% in the third quarter. FMR LLC now owns 2,179,510 shares of the company’s stock worth $350,204,000 after buying an additional 748,070 shares in the last quarter. State Street Corp lifted its holdings in shares of Mohawk Industries by 1.3% in the third quarter. State Street Corp now owns 1,846,446 shares of the company’s stock worth $296,687,000 after buying an additional 23,016 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Mohawk Industries by 33.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company’s stock worth $162,586,000 after buying an additional 254,779 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of Mohawk Industries by 7.4% in the fourth quarter. Truist Financial Corp now owns 374,456 shares of the company’s stock worth $44,609,000 after buying an additional 25,864 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.