Mohawk Industries Inc. ($MHK) Stock Forecast: Up 5.3% Today

What is Mohawk Industries Inc.?

Mohawk Industries (MHK) is a leading flooring manufacturer in the carpet industry. The stock experienced a strong bullish movement today following recent developments in institutional ownership and environmental concerns.

Why is Mohawk Industries Inc. going up?

MHK stock is up 5.3% on Feb 3, 2026 16:47

• Institutional investors Truist Financial Corp and Y Intercept Hong Kong Ltd reduced their stakes in MHK, while ARGA Investment Management and Rakuten significantly increased their positions, reflecting continued interest in the company.
• The investigation into the environmental impact of Georgia's carpet industry, including MHK, initially raised concerns. However, the market responded positively, potentially due to investors focusing on the company's financial prospects and analyst ratings.
• Despite environmental controversies and insider selling, sentiment towards MHK remains positive. Analysts maintain a "Moderate Buy" rating and an average price target of $133.83, indicating investor optimism about the company's future performance and growth potential.

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Mohawk Industries, Inc. $MHK Shares Sold by Truist Financial Corp

Truist Financial Corp significantly reduced its stake in Mohawk Industries (NYSE:MHK) by 70.8% in Q3, selling 113,737 shares, valuing its remaining holding at over $6 million. Despite this, analysts have a "Moderate Buy" consensus rating for MHK, with an average price target of $133.83. Insiders have also been net sellers recently, though institutional investors still own a majority of the company's stock.

https://www.marketbeat.com/instant-alerts/filing-mohawk-industries-inc-mhk-shares-sold-by-truist-financial-corp-2026-02-03/

The toxic legacy of Georgia’s carpet empire

An investigation reveals how Georgia's carpet industry, including major companies like Shaw Industries and Mohawk Industries, has for decades contaminated the Conasauga River and surrounding areas with PFAS "forever chemicals." Despite early warnings and scientific studies indicating health risks, carpet manufacturers continued using these chemicals, aided by a lack of stringent regulation and a cozy relationship with local utilities. This widespread pollution has led to high PFAS levels in local residents' blood, environmental damage, numerous lawsuits, and a growing public health crisis with significant cleanup costs.

https://www.ajc.com/sp/forever-chemicals

Y Intercept Hong Kong Ltd Has $1 Million Stake in Mohawk Industries, Inc. $MHK

Y Intercept Hong Kong Ltd decreased its stake in Mohawk Industries (NYSE:MHK) by 59.4% in Q3 2025, now holding 7,777 shares valued at $1,003,000. Despite this reduction, other institutional investors significantly increased their positions, with ARGA Investment Management boosting its stake by over 1,500% and Rakuten opening a new $38 million position. Mohawk Industries currently has a "Moderate Buy" rating from analysts with an average price target of $133.83.

https://www.marketbeat.com/instant-alerts/filing-y-intercept-hong-kong-ltd-has-1-million-stake-in-mohawk-industries-inc-mhk-2026-02-02/

Borgwarner stock hits 52-week high at 49.03 USD By Investing.com

BorgWarner Inc. reached a 52-week high of $49.03 per share, reflecting a 50.93% increase over the past year and a 38.49% gain in six months. The company has a $10.45 billion market cap, a "GOOD" Financial Health score, and has maintained dividend payments for 13 years. Despite a recent downgrade to Neutral by Piper Sandler due to valuation concerns, BorgWarner surpassed Q3 2025 EPS expectations.

https://ng.investing.com/news/company-news/borgwarner-stock-hits-52week-high-at-4903-usd-93CH-2313072

Borgwarner stock hits 52-week high at 49.03 USD By Investing.com

BorgWarner Inc. (BWA) stock hit a 52-week high of $49.03, marking a 50.93% increase over the past year and a 38.49% gain in six months. The company, with a $10.45 billion market cap, has maintained dividend payments for 13 years and boasts a "GOOD" Financial Health score. Despite this, Piper Sandler recently downgraded the stock to Neutral due to valuation concerns.

https://au.investing.com/news/company-news/borgwarner-stock-hits-52week-high-at-4903-usd-93CH-4230269

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Mohawk Industries Inc. Price History

03.01.2026 - MHK Stock was up 5.3%

• Institutional investors Truist Financial Corp and Y Intercept Hong Kong Ltd reduced their stakes in MHK, while ARGA Investment Management and Rakuten significantly increased their positions, reflecting continued interest in the company.
• The investigation into the environmental impact of Georgia's carpet industry, including MHK, initially raised concerns. However, the market responded positively, potentially due to investors focusing on the company's financial prospects and analyst ratings.
• Despite environmental controversies and insider selling, sentiment towards MHK remains positive. Analysts maintain a "Moderate Buy" rating and an average price target of $133.83, indicating investor optimism about the company's future performance and growth potential.

25.09.2024 - MHK Stock was down 12.6%

• Despite surpassing earnings and revenue expectations in Q3, MHK faced a decline in its stock value due to decreased net sales and a conservative outlook for Q4.
• The softening residential market led to a drop in sales, impacting MHK's overall performance and causing unease among investors.
• The market's negative response to the company's cautious forecast for the next quarter overshadowed the previous quarter's positive earnings results.
• Investors are questioning MHK's ability to maintain its impressive earnings performance in challenging market conditions, contributing to the downward trend.

25.09.2024 - MHK Stock was down 9.6%

• Despite outperforming earnings and revenue expectations, MHK witnessed a downward movement, potentially linked to worries about diminishing sales in the residential sector.
• Shareholders might have been dissatisfied with the subdued residential market performance seen in the Q3 outcomes, prompting a sell-off of the stock.
• The company's emphasis on strategic reorganization to tackle market obstacles could signal promising long-term prospects, even though immediate market sentiment seems to have been affected by the decrease in sales.

24.09.2025 - MHK Stock was down 5.1%

• Mohawk Industries (MHK) observed a notable decline of over 3% in its stock value in the pre-market trading after announcing its third-quarter financial results.
• The company's earnings report for Q3 fell below expectations, with both profits and revenue failing to meet projected figures.
• Concerns arose among investors regarding Mohawk Industries' ability to address subdued demand in residential markets and margin challenges in Q3, despite pricing improvements and new product introductions.
• The market's response was pessimistic, indicating apprehensions about Mohawk Industries' performance and future prospects, resulting in the decline of the stock price.

05.00.2026 - MHK Stock was up 2.9%

• Reduction of Olstein Capital Management L.P.'s MHK holdings by 21.4% amid the challenging housing market points to concerns regarding the company's short-term outlook.
• Insider sales totaling $1.95 million over the past three months have possibly influenced short-term negative perceptions surrounding MHK's stock.
• Despite these hurdles, institutional investors have displayed confidence in MHK through increased ownership, underscoring faith in the company's future prospects.
• The prevailing bearish sentiment in the housing sector has capped MHK's growth prospects, yet the company's strategic moves, such as the introduction of a new share buyback program, could signify a promising trajectory ahead.

08.00.2026 - MHK Stock was up 6.8%

• MHK stock saw a notable increase in value today, reflecting a positive overall market sentiment.
• The rise in MHK's stock price may be linked to increased investor confidence following recent geopolitical events in Venezuela, prompting a more risk-tolerant attitude among investors.
• Despite some analysts recently lowering their ratings due to valuation concerns, collaborative announcements and favorable market conditions appear to have overshadowed these issues, contributing to the upward movement of MHK stock.
• Collaborations such as Babcock & Wilcox and Siemens Energy working together on AI data centers could also be a factor in the optimistic outlook for MHK, hinting at potential growth prospects in related industries.

09.00.2026 - MHK Stock was up 6.4%

• MHK stock saw a significant bullish movement recently.
• The surge in MHK stock price could be linked to investor optimism following recent downgrades by Wolfe Research and others, with market reactions potentially already factoring in these changes.
• Positive sentiment in the Building Products sector, driven by expectations of repair and remodel volume recovery, may have also influenced the stock's movement.
• Additionally, the partnership announcement between Babcock & Wilcox and Siemens Energy regarding an AI data center could have boosted market sentiment, indirectly benefiting companies like MHK within the sector.

25.06.2025 - MHK Stock was up 5.1%

• Surprising investors, Mohawk Industries (MHK) exceeded Q2 earnings and revenue estimates, reflecting strong financial performance.
• Analyst projections for key metrics suggested a favorable outcome for the company's Q2 earnings, contributing to the upward momentum in the stock.
• Despite worries about soft demand, increasing costs, and restructuring activities, Mohawk Industries surpassed expectations, elevating investor confidence and driving the stock price up.
• The company's better-than-expected results and positive future outlook may have been factors behind the bullish market movement for Mohawk Industries (MHK) today.

02.04.2025 - MHK Stock was down 5.0%

• MHK exceeded Q1 earnings expectations but faced significant bearish movement in its stock.
• The market's reaction could be attributed to factors beyond the earnings results, possibly including concerns about future guidance and macroeconomic conditions.
• Investors may be capitalizing on recent growth by selling shares, leading to a temporary decline in stock price.
• Considering the overall market sentiment and external influences on investor trust in MHK is crucial, despite the positive earnings outcome.

22.06.2025 - MHK Stock was up 5.0%

• Optimism surrounds MHK's Q2 earnings, with analysts looking beyond traditional metrics.
• MHK is preparing to release its Q2 earnings amidst soft demand and rising costs, supported by ongoing restructuring efforts.
• Options traders are expecting notable volatility in MHK stock.
• The bullish movement in MHK is possibly linked to positive sentiment ahead of its earnings and anticipation of improved financial performance.

07.00.2026 - MHK Stock was down 3.9%

• Mohawk Industries (MHK) saw diminished performance due to recent downgrades by Wolfe Research and other companies, changing its rating from 'Outperform' to 'Peer Perform'. Concerns revolved around valuation compared to industry peers and subdued expectations for repair and remodel volumes.
• Despite the recent decline, analysts' average price target indicates a potential upside from the current price, showing a diversity of views among investors on MHK's future outlook.
• Market sentiment, sparked by a U.S. military operation in Venezuela, favored companies like Boyd Gaming and Comfort Systems USA, experiencing stock price gains. Nonetheless, MHK's movement was more influenced by internal factors like valuation worries and analyst downgrades rather than general market dynamics.

10.11.2025 - MHK Stock was up 5.1%

• The bullish movement in MHK stock today can be attributed to several factors:
• Institutional investors like Invesco Ltd. increasing their stake in the company by 7.4% during the second quarter, signaling confidence in Mohawk Industries' future prospects.
• Despite Ariel Investments LLC selling some shares, the fact that Mohawk Industries remains a significant portion of their investment portfolio indicates sustained interest in the company.
• Analysts adjusting price targets and maintaining ratings on MHK, such as a revision of the price target to $121, can influence investor sentiment positively.
• The insider selling activity, totaling US$9.5 million, might have initially raised concerns, but the overall market seems to have focused more on the institutional investments and analyst ratings, leading to the bullish movement in the stock.