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 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 reacquire up to 4.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Mohawk Industries, Inc. (NYSE:MHK) posted its quarterly earnings data on Thursday, July, 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.87 by $0.02. The firm earned $2.58 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last 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 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 updated its third quarter earnings guidance on Thursday, July, 25th. The company provided EPS 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 1-year price targets 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 year. This suggests a possible upside of 6.8% 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 headlines about MHK stock have been trending neutral this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. 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 media sentiment score of 0.2 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Mohawk Industries.

Mohawk Industries saw a increase in short interest in 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 currently 5.0 days. Currently, 6.6% of the company's shares are short sold. View Mohawk Industries' Current Options Chain.

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), Home Depot (HD), NVIDIA (NVDA), Micron Technology (MU), Netflix (NFLX), Tile Shop (TTS), Citigroup (C), Visa (V) and Celgene (CELG).

Mohawk Industries' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Douglass Winthrop Advisors LLC (0.67%), Fenimore Asset Management Inc. (0.51%), CIBC Private Wealth Group LLC (0.29%), Strs Ohio (0.24%), Courant Investment Management LLC (0.15%) and Rhumbline Advisers (0.15%). 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 Fenimore Asset Management Inc., State of New Jersey Common Pension Fund D, Envestnet Asset Management Inc., Stephens Inc. AR, Nisa Investment Advisors LLC, Signaturefd LLC, Meeder Asset Management Inc. and National Investment Services Inc. WI. 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 purchased by a variety of institutional investors in the last quarter, including Douglass Winthrop Advisors LLC, Wilsey Asset Management Inc., Speece Thorson Capital Group Inc., State of Alaska Department of Revenue, Strs Ohio, CIBC Private Wealth Group LLC, Assenagon Asset Management S.A. and Calamos 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 $128.50.

Mohawk Industries has a market capitalization of $9.27 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.