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 authorized a share buyback program on Thursday, October 25th 2018, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 4.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership 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, beating analysts' consensus estimates of $2.87 by $0.02. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.65 billion. Mohawk Industries had a return on equity of 10.50% and a net margin of 7.79%. The company's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm 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 updated 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 earnings per share estimate of $3.05.

19 equities research analysts have issued twelve-month target prices for Mohawk Industries' stock. Their predictions range from $115.00 to $210.00. On average, they anticipate Mohawk Industries' share price to reach $142.0613 in the next year. This suggests a possible upside of 14.4% 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.

Press coverage about MHK stock has been trending negative recently, InfoTrie reports. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded 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 news stories 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 near term. 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 volume of 787,000 shares, the days-to-cover ratio is presently 5.5 days. Currently, 7.4% of the company's stock are sold short. 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), Hilton Hotels (HLT), Luxottica Group (LUXTY), Carnival (CCL), Rogers Communications (RCI), Lululemon Athletica (LULU), Royal Caribbean Cruises (RCL), ANTA Sports Products (ANPDF), Toshiba (TOSYY), Liberty Global (LBTYB) and FOX (FOXA).

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 institutional and retail investors. Top institutional investors 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 purchased 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 $124.23.

Mohawk Industries has a market capitalization of $8.96 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.