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 announced that its board has initiated a stock repurchase program on Thursday, October 25th 2018, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 4.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Mohawk Industries, Inc. (NYSE:MHK) released its quarterly earnings results on Thursday, July, 25th. The company reported $2.89 earnings per share for the quarter, beating the Thomson Reuters' 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 net margin of 7.79% and a return on equity of 10.50%. The company's quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.51 earnings per share. 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 issued an update on its third quarter earnings guidance on Thursday, July, 25th. The company provided earnings per share (EPS) guidance of $2.58-2.68 for the period, compared to the Thomson Reuters consensus estimate of $3.05.

19 brokerages have issued 1-year price targets for Mohawk Industries' shares. Their predictions range from $115.00 to $210.00. On average, they anticipate Mohawk Industries' stock price to reach $142.0613 in the next year. This suggests a possible upside of 14.5% from the stock's current price. View Analyst Price Targets for Mohawk Industries.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mohawk Industries in the last year. There are currently 3 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.

Media stories about MHK stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mohawk Industries earned a media sentiment score of -2.9 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Mohawk Industries.

Mohawk Industries saw a decline in short interest in the month of August. As of August 31st, there was short interest totalling 4,345,900 shares, a decline of 14.8% from the July 31st total of 5,101,800 shares. Based on an average daily trading volume, of 787,000 shares, the days-to-cover ratio is presently 5.5 days. Currently, 7.4% of the company's stock are short sold. View Mohawk Industries' Current Options Chain.

Some companies that are related to Mohawk Industries include VF (VFC), Carnival (CUK), Electronic Arts (EA), Electronic Arts (EA), Sirius XM (SIRI), Luxottica Group (LUXTY), Hilton Hotels (HLT), Rogers Communications (RCI), Carnival (CCL), Lululemon Athletica (LULU), Royal Caribbean Cruises (RCL), ANTA Sports Products (ANPDF), Liberty Global (LBTYB), FOX (FOXA) and Toshiba (TOSYY).

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), Micron Technology (MU), NVIDIA (NVDA), Citigroup (C), Netflix (NFLX), Celgene (CELG), CVS Health (CVS) and Visa (V).

Mohawk Industries' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.91%), BlackRock Inc. (5.95%), BlackRock Inc. (5.95%), JPMorgan Chase & Co. (2.87%), Pzena Investment Management LLC (2.73%) and Wells Fargo & Company MN (2.03%). 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 Impala Asset Management LLC, Quest Capital Management Inc. ADV, Aviva PLC, Prudential Financial Inc., UBS Group AG, Morgan Stanley, Giverny Capital Inc. and Global Thematic Partners 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 Nuveen Asset Management LLC, Pzena Investment Management LLC, JPMorgan Chase & Co., Wells Fargo & Company MN, Balyasny Asset Management LLC, Strs Ohio, Wafra Inc. and Anchor Capital Advisors LLC. 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 $124.11.

Mohawk Industries has a market capitalization of $8.95 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.