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 of Directors has approved a stock buyback plan on Thursday, October 25th 2018, which permits the company to repurchase $500,000,000.00 in 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 plans are generally an indication that the company's board believes its stock is undervalued.

Mohawk Industries, Inc. (NYSE:MHK) posted its earnings results on Thursday, July, 25th. The company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.87 by $0.02. The business earned $2.58 billion during the quarter, compared to the consensus estimate of $2.65 billion. Mohawk Industries had a return on equity of 10.50% and a net margin of 7.79%. The firm's quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the company 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 guidance of $2.58-2.68 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.05.

20 equities research analysts have issued twelve-month target prices for Mohawk Industries' shares. Their forecasts range from $115.00 to $210.00. On average, they expect Mohawk Industries' share price to reach $143.3113 in the next year. This suggests a possible upside of 28.7% from the stock's current price. View Analyst Price Targets for Mohawk Industries.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mohawk Industries in the last year. There are currently 4 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.

Headlines about MHK stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Mohawk Industries earned a daily sentiment score of -2.3 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Mohawk Industries.

Mohawk Industries saw a decrease in short interest in the month of July. As of July 31st, there was short interest totalling 5,101,800 shares, a decrease of 6.9% from the June 30th total of 5,480,100 shares. Based on an average daily trading volume, of 780,800 shares, the short-interest ratio is currently 6.5 days. Approximately 8.4% 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), Luxottica Group (LUXTY), Sirius XM (SIRI), Hilton Hotels (HLT), Rogers Communications (RCI), Electronic Arts (EA), Carnival (CCL), Lululemon Athletica (LULU), Royal Caribbean Cruises (RCL), FOX (FOX), FOX (FOXA), ANTA Sports Products (ANPDF), Toshiba (TOSYY), Liberty Global (LBTYB) and Discovery Inc Series B (DISCB).

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), Visa (V) and Gilead Sciences (GILD).

Mohawk Industries' stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.91%), BlackRock Inc. (5.95%), JPMorgan Chase & Co. (2.87%), Pzena Investment Management LLC (2.73%), Wells Fargo & Company MN (2.03%) and Northern Trust Corp (1.00%). Company insiders that own Mohawk Industries stock include Bernard Thiers, Brian Carson, Bruce Bruckmann, Chistopher Wellborn, 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, 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, Scottrade, Fidelity and Charles Schwab.

One share of MHK stock can currently be purchased for approximately $111.34.

Mohawk Industries has a market capitalization of $8.03 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.