Key Points
- Director Bernard Thiers sold 13,393 Mohawk Industries shares for approximately $1.81 million at an average price of $134.98, reducing his position by 12.51%.
- Mohawk’s latest quarter exceeded expectations, with EPS of $3.67 versus $2.58 expected and revenue of $2.99 billion, up 6.8% year over year.
- Analyst sentiment remains mixed: Truist raised its price target to $155 and maintained a Buy rating, but the broader consensus is Hold with a $130.50 target, reflecting concerns about weak housing demand and the durability of margin gains.
Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) Director Bernard Thiers sold 13,393 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $134.98, for a total transaction of $1,807,787.14. Following the completion of the transaction, the director owned 93,633 shares of the company's stock, valued at approximately $12,638,582.34. The trade was a 12.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Mohawk Industries Price Performance
Shares of NYSE:MHK opened at $132.62 on Friday. Mohawk Industries, Inc. has a 12 month low of $92.99 and a 12 month high of $143.13. The firm has a market capitalization of $8.98 billion, a P/E ratio of 17.57, a P/E/G ratio of 2.00 and a beta of 1.18. 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 company's fifty day moving average price is $113.60 and its 200 day moving average price is $111.74.
Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 4.15% and a return on equity of 7.50%. Mohawk Industries's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, sell-side analysts predict that Mohawk Industries, Inc. will post 9.69 earnings per share for the current fiscal year.
Key Headlines Impacting Mohawk Industries
Here are the key news stories impacting Mohawk Industries this week:
- Positive Sentiment: Truist raised its price target from $135 to $155 and reiterated its Buy rating. The move reflects confidence in Mohawk’s earnings recovery, productivity improvements and operating performance. Wells Fargo also raised its target from $115 to $125, although it retained an Equal Weight rating. Truist price target update
- Positive Sentiment: Mohawk’s latest quarterly results significantly exceeded expectations. EPS was $3.67 versus the $2.58 consensus estimate, while revenue rose 6.8% year over year to $2.99 billion, above the $2.79 billion forecast. Pricing, productivity and restructuring benefits are supporting margins despite weak housing-related demand. Mohawk earnings analysis
- Neutral Sentiment: Analysts remain divided on the recovery. Baird increased its target to $132 but kept a Neutral rating, while the broader analyst consensus remains Hold with an average target of $130.50. Investors are also watching whether margin gains can persist without temporary tariff-related benefits. Analyst and margin outlook
- Negative Sentiment: Several insiders sold shares in transactions disclosed this week. CEO Jeffrey S. Lorberbaum sold 59,078 shares for approximately $7.77 million, reducing his ownership substantially. Director Bernard Thiers sold 13,393 shares worth about $1.81 million, while insider Suzanne Helen sold 7,000 shares for $920,640 and CAO David Lee Repp sold 225 shares for $29,383. The sales may weigh on sentiment following the stock’s advance, although they do not necessarily indicate deteriorating fundamentals. SEC insider filings
- Negative Sentiment: Weak residential flooring demand and valuation are limiting enthusiasm. Many analysts continue to use neutral ratings, and the consensus target is below recent trading levels. The key risk is that housing-market weakness could offset Mohawk’s productivity and pricing gains.
Hedge Funds Weigh In On Mohawk Industries
Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in Mohawk Industries by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,219,318 shares of the company's stock valued at $316,962,000 after acquiring an additional 80,761 shares during the last quarter. State Street Corp grew its stake in shares of Mohawk Industries by 2.1% in the 2nd quarter. State Street Corp now owns 1,915,831 shares of the company's stock valued at $200,856,000 after purchasing an additional 39,556 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Mohawk Industries by 15.9% in the fourth quarter. AQR Capital Management LLC now owns 1,829,347 shares of the company's stock valued at $199,948,000 after purchasing an additional 251,012 shares during the period. Pzena Investment Management LLC increased its holdings in shares of Mohawk Industries by 0.6% in the fourth quarter. Pzena Investment Management LLC now owns 1,186,400 shares of the company's stock valued at $129,674,000 after purchasing an additional 7,332 shares during the period. Finally, Brandes Investment Partners LP raised its stake in shares of Mohawk Industries by 20.4% during the fourth quarter. Brandes Investment Partners LP now owns 1,102,574 shares of the company's stock worth $120,513,000 after purchasing an additional 186,649 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company's stock.
Wall Street Analyst Weigh In
MHK has been the topic of a number of research reports. Truist Financial raised their price target on Mohawk Industries from $135.00 to $155.00 and gave the stock a "buy" rating in a research note on Tuesday. Zacks Research upgraded Mohawk Industries from a "strong sell" rating to a "hold" rating in a research note on Friday, June 19th. Bank of America reissued a "neutral" rating and issued a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. Robert W. Baird raised their target price on shares of Mohawk Industries from $112.00 to $132.00 and gave the stock a "neutral" rating in a research report on Monday. Finally, Barclays lifted their target price on shares of Mohawk Industries from $109.00 to $115.00 and gave the company an "equal weight" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $130.50.
Check Out Our Latest Research Report on MHK
Mohawk Industries Company Profile
(
Get Free Report)
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.
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