NYSE:MHK - Mohawk Industries Stock Price, News, & Analysis

Mohawk Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "MHK."

Mohawk Industries declared that its board has authorized a stock repurchase program on Thursday, October 25th 2018, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 4.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Mohawk Industries, Inc. (NYSE:MHK) posted its quarterly earnings results on Thursday, April, 25th. The company reported $2.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $2.07 by $0.06. The company had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.50 billion. Mohawk Industries had a net margin of 7.73% and a return on equity of 11.36%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.01 earnings per share. View Mohawk Industries' Earnings History.

Mohawk Industries is scheduled to release their next quarterly earnings announcement on Wednesday, July 24th 2019. View Earnings Estimates for Mohawk Industries.

Mohawk Industries updated its second quarter earnings guidance on Thursday, April, 25th. The company provided earnings per share (EPS) guidance of $2.81-2.91 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.13. Mohawk Industries also updated its Q2 2019 guidance to $2.81-2.91 EPS.

20 analysts have issued 1-year price objectives for Mohawk Industries' stock. Their predictions range from $105.00 to $225.00. On average, they expect Mohawk Industries' share price to reach $150.4106 in the next twelve months. This suggests that the stock has a possible downside of 1.0%. View Analyst Price Targets for Mohawk Industries.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mohawk Industries in the last year. There are currently 4 sell ratings, 8 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Mohawk Industries.

News articles about MHK stock have trended somewhat positive on Monday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mohawk Industries earned a media sentiment score of 1.4 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for Mohawk Industries.

Some companies that are related to Mohawk Industries include Las Vegas Sands (LVS), NINTENDO LTD/ADR (NTDOY), SANDS CHINA Ltd/ADR (SCHYY), Activision Blizzard (ATVI), VF (VFC), Carnival (CCL), Electronic Arts (EA), Hilton Hotels (HLT), Luxottica Group (LUXTY), Rogers Communications (RCI), Royal Caribbean Cruises (RCL), Sirius XM (SIRI), Lululemon Athletica (LULU), FOX (FOXA) and FOX (FOX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Mohawk Industries investors own include Alibaba Group (BABA), Home Depot (HD), Broadcom (AVGO), NVIDIA (NVDA), Micron Technology (MU), Netflix (NFLX), Celgene (CELG), Citigroup (C), Tile Shop (TTS) and Visa (V).

Mohawk Industries' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.81%), FMR LLC (4.79%), JPMorgan Chase & Co. (2.54%), First Pacific Advisors LP (2.26%), Pzena Investment Management LLC (1.88%) and Wells Fargo & Company MN (1.80%). Company insiders that own Mohawk Industries stock include Bernard Thiers, Brian Carson, Chistopher Wellborn, Filip Balcaen, Frank H Boykin, Jeffrey S Lorberbaum, John C Turner Jr, Rodney David Patton, Suzanne L Helen and William Henry Runge III. View Institutional Ownership Trends for Mohawk Industries.

MHK stock was sold by a variety of institutional investors in the last quarter, including First Pacific Advisors LP, Thompson Siegel & Walmsley LLC, Calamos Advisors LLC, Duality Advisers LP, Thornburg Investment Management Inc., Global Thematic Partners LLC, Nordea Investment Management AB and Principal Financial Group Inc.. Company insiders that have sold Mohawk Industries company stock in the last year include Bernard Thiers, Jeffrey S Lorberbaum, Rodney David Patton and Suzanne L Helen. View Insider Buying and Selling for Mohawk Industries.

MHK stock was purchased by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, FMR LLC, Impala Asset Management LLC, Amundi Pioneer Asset Management Inc., Tocqueville Asset Management L.P., CIBC Private Wealth Group LLC, Douglass Winthrop Advisors LLC and Markel Corp. Company insiders that have bought Mohawk Industries stock in the last two years include Brian Carson, Filip Balcaen and William Henry Runge III. View Insider Buying and Selling for Mohawk Industries.

Shares of MHK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MHK stock can currently be purchased for approximately $151.86.

Mohawk Industries has a market capitalization of $11.00 billion and generates $9.98 billion in revenue each year. The company earns $861.70 million in net income (profit) each year or $12.33 on an earnings per share basis. Mohawk Industries employs 42,100 workers across the globe.View Additional Information About Mohawk Industries.

The official website for Mohawk Industries is http://www.mohawkind.com/.

Mohawk Industries' mailing address is 160 S. Industrial Blvd., CALHOUN GA, 30701. The company can be reached via phone at 706-629-7721.