Mohawk Industries, Inc. (MHK) Stock Report

Publication Date: September 22, 2024

Company Overview

Mohawk Industries, Inc. (MHK), based in Calhoun, Georgia, is a leading entity in the furnishings sector under the Consumer Cyclical industry. Established in 1878, Mohawk specializes in the design, manufacture, and distribution of flooring products for residential and commercial applications, with a significant operational footprint extending across the U.S., Europe, and Latin America. The company’s structure comprises three principal segments: Global Ceramic, Flooring North America, and Flooring Rest of the World. Mohawk’s diverse product offerings include ceramic and porcelain tiles, natural stone, carpets, laminates, and roofing materials, marketed through well-known brands such as Karastan, Pergo, and Daltile. With an impressive revenue nearing $10.86 billion, Mohawk displays substantial market presence and operational capability. Current analysis recommends a “hold” on the stock, urging investors to maintain their positions while keeping a close eye on market developments. The targeted high stock price is set at $185.00, indicating promising growth potential.

Market Sentiment and Stock Performance

As of the latest trading session, Mohawk Industries, Inc. shares are priced at $157.60, notable given the stock’s fifty-two week high of $164.06, which serves as a potential resistance level. The current share price reflects a moderate position within its trading range, contrasting sharply with its fifty-two week low of $76.02. Over the past fifty days, Mohawk’s stock has averaged $147.41, signaling a robust upward trend in recent performance, further supported by a total of 63,117,100 shares outstanding, of which 1,272,980 shares are currently shorted (approximately 2.44% of the float). This data highlights both liquidity and short interest levels—key indicators for investor sentiment and price movement forecasting.

Analyst Consensus and Price Targets

Analyst recommendations suggest a cautious approach with a consensus “hold” rating, reflected in an average recommendation score of 2.6 across 14 evaluators. The target price range for Mohawk Industries includes a high of $185.00 and a low of $126.79, with a mean target price pegged at $162.91 and a median at $166.00. While these numbers indicate growth potential, the absence of available EBITDA data may limit comprehensive assessments of Mohawk’s operational performance. Current trading values substantially below historical highs and a positive outlook within the broader market context suggest that investors should monitor Mohawk Industries closely for future developments while maintaining existing positions.

Metric	Value
Market Cap	$9.9b
Total Debt	$2.8b
Total Cash	$497.4m
Shares Outstanding	63.1m
Float Shares	52.6m