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

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

Mohawk Industries declared that its Board of Directors has initiated a stock buyback program on Thursday, October 25th 2018, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 4.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Mohawk Industries, Inc. (NYSE:MHK) announced its earnings results on Thursday, October, 24th. The company reported $2.75 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $2.64 by $0.11. The company earned $2.50 billion during the quarter, compared to analysts' expectations of $2.51 billion. Mohawk Industries had a net margin of 7.09% and a return on equity of 9.82%. Mohawk Industries's revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.29 EPS. View Mohawk Industries' Earnings History.

Mohawk Industries is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for Mohawk Industries.

Mohawk Industries will be holding an earnings conference call on Thursday, February 13th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Mohawk Industries issued an update on its fourth quarter earnings guidance on Thursday, October, 24th. The company provided earnings per share (EPS) guidance of $2.13-$2.23 for the period, compared to the Thomson Reuters consensus estimate of $2.26.

15 Wall Street analysts have issued 1-year price objectives for Mohawk Industries' shares. Their forecasts range from $110.00 to $168.00. On average, they anticipate Mohawk Industries' stock price to reach $147.23 in the next year. This suggests a possible upside of 5.4% from the stock's current price. View Analyst Price Targets for Mohawk Industries.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mohawk Industries in the last year. There are currently 1 sell rating, 6 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Mohawk Industries.

Media coverage about MHK stock has trended somewhat negative recently, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Mohawk Industries earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave news stories about the company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Mohawk Industries.

Some companies that are related to Mohawk Industries include Leggett & Platt (LEG), Tempur Sealy International (TPX), La-Z-Boy (LZB), Ethan Allen Interiors (ETH), Hooker Furniture (HOFT), Bassett Furniture Industries (BSET) and Flexsteel Industries (FLXS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Mohawk Industries investors own include Alibaba Group (BABA), Broadcom (AVGO), Netflix (NFLX), Home Depot (HD), NVIDIA (NVDA), Micron Technology (MU), Biogen (BIIB), Tesla (TSLA), Tile Shop (TTS) and AbbVie (ABBV).

Mohawk Industries' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Douglass Winthrop Advisors LLC (0.68%), Fenimore Asset Management Inc. (0.51%), Tocqueville Asset Management L.P. (0.22%), Hahn Capital Management LLC (0.15%), Assenagon Asset Management S.A. (0.10%) and Calamos Advisors LLC (0.06%). Company insiders that own Mohawk Industries stock include Bernard Thiers, Brian Carson, Bruce Bruckmann, Chistopher Wellborn, Cock Paul F De, 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 Hahn Capital Management LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, State of Alaska Department of Revenue, Commerzbank Aktiengesellschaft FI, Steward Partners Investment Advisory LLC, Fenimore Asset Management Inc., Tocqueville Asset Management L.P. and Calamos Advisors LLC. Company insiders that have sold Mohawk Industries company stock in the last year include Bernard Thiers, Cock Paul F De, Jeffrey S Lorberbaum, Rodney David Patton and Suzanne L Helen. View Insider Buying and Selling for Mohawk Industries.

MHK stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Leith Wheeler Investment Counsel Ltd., Douglass Winthrop Advisors LLC, Contravisory Investment Management Inc., Raymond James Trust N.A., Accurate Investment Solutions Inc., RK Asset Management LLC and Triad Investment Management. Company insiders that have bought Mohawk Industries stock in the last two years include Brian Carson, Bruce Bruckmann, 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, Robinhood, Fidelity and Charles Schwab.

One share of MHK stock can currently be purchased for approximately $139.70.

Mohawk Industries has a market capitalization of $10.01 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.