Mohawk Industries climbs after Q3 earnings, buyback authorization

Mohawk Industries (MHK) is up 7.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The rally appears tied to a mix of better-than-expected quarterly earnings, strong cash generation, and a newly authorized $500 million share repurchase program. Investors also seem to be responding to management’s updated capital allocation framework and continued aggressive buybacks, even though demand trends in several flooring markets remain soft.

Details:

Mohawk posted third-quarter 2026 net sales of about $2.8 billion, with diluted EPS of $2.72 and operating income rising sharply from the prior year.

The company generated $471 million in operating cash flow and $390 million in free cash flow during the quarter, reinforcing the view that profitability and cash conversion are holding up well.

Management said it repurchased 2.0 million shares in the third quarter for $261 million, added another $34 million of repurchases early in the fourth quarter, and completed its prior authorization.

The board approved a fresh $500 million repurchase program and introduced a strategy centered on market outperformance, innovation, operational discipline, and cash generation, which likely supported sentiment despite cautious fourth-quarter EPS guidance of $1.35 to $1.45.

Sources:

Mohawk Industries Investor Relations, SEC, Stock Analysis

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$MHK Insider Trading Activity

$MHK insiders have traded $MHK stock on the open market 58 times in the past 6 months. Of those trades, 0 have been purchases and 58 have been sales.

Here’s a breakdown of recent trading of $MHK stock by insiders over the last 6 months:

JEFFREY S LORBERBAUM (CHIEF EXECUTIVE OFFICER) has made 0 purchases and 38 sales selling 160,578 shares for an estimated $20,522,431.
SUZANNE L HELEN has made 0 purchases and 18 sales selling 45,561 shares for an estimated $5,231,048.
BERNARD THIERS sold 13,393 shares for an estimated $1,807,787
DAVID LEE REPP (SVP-CAO & CORPORATE CONTROLLER) sold 225 shares for an estimated $29,382

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$MHK Hedge Fund Activity

We have seen 258 institutional investors add shares of $MHK stock to their portfolio, and 233 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 1,476,290 shares (+inf%) to their portfolio in Q2 2026, for an estimated $179,118,265
AMERICAN CENTURY COMPANIES INC added 615,111 shares (+93.2%) to their portfolio in Q2 2026, for an estimated $74,631,417
CANADA PENSION PLAN INVESTMENT BOARD added 595,115 shares (+832.3%) to their portfolio in Q2 2026, for an estimated $72,205,302
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 524,767 shares (+inf%) to their portfolio in Q2 2026, for an estimated $63,669,980
STEADFAST CAPITAL MANAGEMENT LP removed 501,069 shares (-92.3%) from their portfolio in Q2 2026, for an estimated $60,794,701
MASTERS CAPITAL MANAGEMENT LLC removed 400,000 shares (-80.0%) from their portfolio in Q2 2026, for an estimated $48,532,000
QUANTINNO CAPITAL MANAGEMENT LP added 373,739 shares (+217.3%) to their portfolio in Q2 2026, for an estimated $45,345,752

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$MHK Government Contracts

We have seen $38,185 of award payments to $MHK over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

AIR FORCE CARPET II PROGRAM: $1,000

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$MHK Analyst Ratings

Wall Street analysts have issued reports on $MHK in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Overweight" rating on 05/06/2026

To track analyst ratings and price targets for $MHK, check out Quiver Quantitative's $MHK forecast page.

$MHK Price Targets

Multiple analysts have issued price targets for $MHK recently. We have seen 4 analysts offer price targets for $MHK in the last 6 months, with a median target of $123.5.

Here are some recent targets:

Michael Rehaut from JP Morgan set a target price of $138.0 on 05/06/2026
Keith Hughes from Truist Securities set a target price of $135.0 on 05/05/2026
Timothy Wojs from Baird set a target price of $112.0 on 05/04/2026
Stephen Kim from Evercore ISI Group set a target price of $110.0 on 05/04/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.