Zacks Research Equities Analysts Boost Earnings Estimates for Mohawk Industries, Inc. (NYSE:MHK)

Mohawk Industries, Inc. (NYSE:MHK) – Analysts at Zacks Research raised their FY2024 earnings estimates for Mohawk Industries in a research report issued on Monday, September 16th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $9.93 for the year, up from their previous estimate of $9.92. The consensus estimate for Mohawk Industries’ current full-year earnings is $10.00 per share. Zacks Research also issued estimates for Mohawk Industries’ Q3 2025 earnings at $3.18 EPS and FY2026 earnings at $13.51 EPS.

Several other equities analysts have also commented on the company. Robert W. Baird upped their price target on Mohawk Industries from $132.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Truist Financial upped their target price on shares of Mohawk Industries from $135.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 29th. The Goldman Sachs Group lifted their price target on shares of Mohawk Industries from $141.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Loop Capital upped their price objective on shares of Mohawk Industries from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Barclays increased their price objective on shares of Mohawk Industries from $118.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mohawk Industries has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Mohawk Industries Trading Up 1.1 %

MHK opened at $156.61 on Thursday. The business’s 50 day moving average price is $146.64 and its 200 day moving average price is $127.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.92. The stock has a market capitalization of $10.00 billion, a PE ratio of -23.95, a P/E/G ratio of 1.15 and a beta of 1.37. Mohawk Industries has a one year low of $76.02 and a one year high of $164.05.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, July 25th. The company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.25. Mohawk Industries had a negative net margin of 3.30% and a positive return on equity of 8.07%. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period last year, the business earned $2.76 earnings per share. Mohawk Industries’s revenue was down 5.1% compared to the same quarter last year.

Hedge Funds Weigh In On Mohawk Industries

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quest Partners LLC boosted its holdings in Mohawk Industries by 40.0% during the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after buying an additional 84 shares in the last quarter. Quarry LP boosted its stake in shares of Mohawk Industries by 70.4% during the 4th quarter. Quarry LP now owns 421 shares of the company’s stock worth $44,000 after acquiring an additional 174 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Mohawk Industries in the 2nd quarter worth approximately $50,000. Quent Capital LLC increased its stake in Mohawk Industries by 27.2% in the 1st quarter. Quent Capital LLC now owns 496 shares of the company’s stock valued at $65,000 after purchasing an additional 106 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its holdings in Mohawk Industries by 32,500.0% during the fourth quarter. TFO Wealth Partners LLC now owns 652 shares of the company’s stock worth $67,000 after purchasing an additional 650 shares during the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 700 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $146.97, for a total value of $102,879.00. Following the completion of the sale, the insider now directly owns 121,669 shares of the company’s stock, valued at $17,881,692.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Mohawk Industries news, insider Suzanne L. Helen sold 700 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $146.97, for a total value of $102,879.00. Following the transaction, the insider now directly owns 121,669 shares of the company’s stock, valued at approximately $17,881,692.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Rodney David Patton sold 755 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $162.78, for a total value of $122,898.90. Following the transaction, the vice president now directly owns 12,299 shares of the company’s stock, valued at $2,002,031.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,415 shares of company stock valued at $673,387. Insiders own 17.10% of the company’s stock.

Mohawk Industries Company Profile

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.