Mohawk Industries Stock Price, News & Analysis (NYSE:MHK)

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

Mohawk Industries announced that its Board of Directors has initiated a stock buyback 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 purchase up to 4.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

Mohawk Industries, Inc. (NYSE:MHK) issued its quarterly earnings results on Thursday, July, 25th. The company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.02. The company earned $2.58 billion during the quarter, compared to analysts' expectations of $2.65 billion. Mohawk Industries had a return on equity of 10.50% and a net margin of 7.79%. Mohawk Industries's revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the company earned $3.51 EPS. View Mohawk Industries' Earnings History.

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

Mohawk Industries will be holding an earnings conference call on Thursday, October 24th 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 third quarter earnings guidance on Thursday, July, 25th. The company provided earnings per share guidance of $2.58-2.68 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.05.

18 brokerages have issued 12-month price objectives for Mohawk Industries' stock. Their predictions range from $110.00 to $167.00. On average, they expect Mohawk Industries' share price to reach $137.20 in the next twelve months. This suggests a possible upside of 9.6% from the stock's current price. View Analyst Price Targets for Mohawk Industries.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mohawk Industries in the last year. There are currently 4 sell ratings, 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 been trending somewhat positive on Monday, according to InfoTrie. The research firm rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mohawk Industries earned a news sentiment score of 0.8 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Mohawk Industries.

Mohawk Industries saw a increase in short interest during the month of September. As of September 30th, there was short interest totalling 3,870,000 shares, an increase of 6.0% from the August 30th total of 3,650,000 shares. Based on an average daily trading volume, of 778,600 shares, the short-interest ratio is presently 5.0 days. Approximately 6.6% of the shares of the stock are short sold. View Mohawk Industries' Current Options Chain.

Some companies that are related to Mohawk Industries include Sirius XM (SIRI), Electronic Arts (EA), Electronic Arts (EA), Luxottica Group (LUXTY), Lululemon Athletica (LULU), Hilton Hotels (HLT), ANTA Sports Products (ANPDF), Rogers Communications (RCI), Royal Caribbean Cruises (RCL), Carnival (CCL), TAL Education Group (TAL), Toshiba (TOSYY), Panasonic (PCRFY), Liberty Broadband Corp Series C (LBRDK) and Liberty Broadband Corp Series A (LBRDA).

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

Mohawk Industries' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Douglass Winthrop Advisors LLC (0.67%), CIBC Private Wealth Group LLC (0.29%), Wilsey Asset Management Inc. (0.06%), Envestnet Asset Management Inc. (0.05%), State of Alaska Department of Revenue (0.05%) and Nisa Investment Advisors LLC (0.04%). 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 Envestnet Asset Management Inc., Stephens Inc. AR, Nisa Investment Advisors LLC, Signaturefd LLC, Meeder Asset Management Inc., National Investment Services Inc. WI and Hanson & Doremus Investment Management. 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 acquired by a variety of institutional investors in the last quarter, including Douglass Winthrop Advisors LLC, Wilsey Asset Management Inc., State of Alaska Department of Revenue, CIBC Private Wealth Group LLC, Assenagon Asset Management S.A., Robeco Institutional Asset Management B.V., Commerzbank Aktiengesellschaft FI and First American Trust FSB. 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 $125.17.

Mohawk Industries has a market capitalization of $9.03 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.