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MHK · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Mohawk Industries, Inc. (MHK) stock moving?
MHK rallied from $128.70 on Oct 22 to a $156.60 close on Nov 9, about 22% above the Oct 29 close of $129.99, with the biggest volume (2.7M and 3.0M shares) on Oct 29-30 around the Q3 report. Q3 adjusted EPS of $2.72 beat the $2.58 estimate, but sales of $2.786B missed the $2.824B estimate, and the Q4 adjusted EPS guide of $1.35-$1.45 sits well below the $1.66 consensus, which points to lower near-term estimates. Analysts responded with a wave of target increases on Nov 2-3: Evercore ISI upgraded to Outperform ($171), Baird kept Neutral ($142), Barclays kept Equal-Weight ($125), and Deutsche Bank kept Hold ($154). The new $500M buyback offers support. Insider selling (a director's $2.16M sale on Nov 3 and a $779K sale by the Global Ceramic president on Nov 9) adds a mild negative. On Nov 10 the stock fell 3.1% to $151.73 on 1.17M shares, lighter volume than the earnings week, suggesting the rally may be pausing. Overall the picture is mixed: strong analyst momentum and buybacks versus a soft Q4 outlook and insider sales.
News behind the analysis
- Evercore ISI Group Upgrades Mohawk Industries to Outperform, Raises Price Target to $171Evercore ISI upgraded MHK to Outperform and raised its price target to $171. The upgrade came two days after the Q3 report.
- Evercore ISI Upgrades Mohawk Industries to OutperformEvercore ISI moved its rating on Mohawk Industries to outperform, signaling a more positive outlook on the stock.
- Baird Maintains Neutral on Mohawk Industries, Raises Price Target to $142Baird kept its Neutral rating on MHK and raised its price target to $142 from $132.
- Barclays Maintains Equal-Weight on Mohawk Industries, Raises Price Target to $125Barclays kept its Equal-Weight rating and lifted its price target to $125 from $115.
- Deutsche Bank Raises Price Target on Mohawk Industries to $154Deutsche Bank raised its price target on MHK to $154 from $118 and kept a Hold rating.
- Mohawk Industries Reports Third Quarter 2026 Financial ResultsQ3 net sales were $2.8 billion and adjusted EPS was $2.72, above analyst expectations. Benzinga reported sales of $2.786B against a $2.824B estimate.
- Mohawk Industries Sees Q4 Adj EPS $1.35-$1.45 vs $1.66 EstMohawk guided Q4 adjusted EPS to $1.35-$1.45, below the $1.66 analyst estimate.
- Mohawk Industries Announces New $500 Million Share Repurchase ProgramMohawk authorized a new $500 million share repurchase program, effective immediately, as part of its capital allocation framework.
- Mohawk Industries Director Bernard Thiers Sells Shares Worth Over $2.1 MillionDirector Bernard Thiers sold 15,000 shares worth about $2.16 million.
About Mohawk Industries, Inc.
Mohawk Industries, based in Calhoun, Georgia, calls itself the world's largest flooring and design surfaces company. It makes carpet, rugs, ceramic and porcelain tile, laminate, wood, vinyl/LVT and stone surfaces, sells them under brands such as Mohawk, Karastan, Daltile, Pergo and Unilin, and runs factories across North America, Europe and Latin America.
How it makes money
It makes and sells flooring and surface products to home and commercial buyers through retailers, distributors, home centers, builders and contractors. Sales total about $11 billion a year (approximate, roughly $2.7–3.0 billion per quarter in 2026). They are reported in three segments of broadly similar size: Global Ceramic (tile and countertops), Flooring North America (carpet, rugs, laminate, LVT, wood) and Flooring Rest of the World (mainly European laminate, vinyl, panels and insulation). Some revenue also comes from licensing its patents. Commercial sales have recently held up better than residential sales.
What usually moves MHK
- Home sales, remodeling and new housing construction
- Interest and mortgage rates
- Costs of raw materials, energy and freight, plus tariffs
- How well it can raise prices and cut costs to protect margins
- European economy and currency swings
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