NYSE:MHK - Mohawk Industries Stock Price, Forecast & News

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

Mohawk Industries announced that its board has initiated a share repurchase plan on Thursday, October 25th 2018, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Mohawk Industries, Inc. (NYSE:MHK) posted its earnings results on Thursday, February, 13th. The company reported $2.25 EPS for the quarter, beating the Zacks' consensus estimate of $2.20 by $0.05. The company earned $2.42 billion during the quarter, compared to the consensus estimate of $2.42 billion. Mohawk Industries had a return on equity of 9.27% and a net margin of 7.46%. Mohawk Industries's revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.53 EPS. View Mohawk Industries' Earnings History.

Mohawk Industries is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for Mohawk Industries.

Mohawk Industries updated its first quarter earnings guidance on Thursday, February, 13th. The company provided EPS guidance of $1.90-2.00 for the period, compared to the Thomson Reuters consensus estimate of $2.08.

15 brokerages have issued 12 month target prices for Mohawk Industries' stock. Their forecasts range from $117.00 to $168.00. On average, they expect Mohawk Industries' stock price to reach $146.36 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price. View Analyst Price Targets for Mohawk Industries.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mohawk Industries in the last year. There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Mohawk Industries.

News articles about MHK stock have trended somewhat positive recently, according to InfoTrie. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Mohawk Industries earned a daily sentiment score of 1.3 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Mohawk Industries.

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), Flexsteel Industries (FLXS) and Bassett Furniture Industries (BSET).

Based on aggregate information from My MarketBeat watchlists, some companies that other Mohawk Industries investors own include Alibaba Group (BABA), Broadcom (AVGO), Netflix (NFLX), Home Depot (HD), Gilead Sciences (GILD), NVIDIA (NVDA), AbbVie (ABBV), Tesla (TSLA), CVS Health (CVS) and JPMorgan Chase & Co. (JPM).

Mohawk Industries' stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (4.68%), Boston Partners (4.26%), State Street Corp (3.95%), Pzena Investment Management LLC (2.84%), UBS Asset Management Americas Inc. (1.63%) and Geode Capital Management LLC (1.32%). Company insiders that own Mohawk Industries stock include Bernard Thiers, Brian Carson, Bruce Bruckmann, Cock Paul F De, Filip Balcaen, Frank H Boykin, Jeffrey S Lorberbaum, John C Turner Jr, Rodney David Patton and Suzanne L Helen. View Institutional Ownership Trends for Mohawk Industries.

MHK stock was sold by a variety of institutional investors in the last quarter, including Group One Trading L.P., First Trust Advisors LP, Janus Henderson Group PLC, Moors & Cabot Inc., Cubist Systematic Strategies LLC, Amundi Pioneer Asset Management Inc., State Street Corp and CIBC Private Wealth Group 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 acquired by a variety of institutional investors in the last quarter, including Boston Partners, Victory Capital Management Inc., Madison Asset Management LLC, Renaissance Technologies LLC, Investec Asset Management LTD, Pzena Investment Management LLC, Schroder Investment Management Group and UBS Group AG. Company insiders that have bought Mohawk Industries stock in the last two years include Brian Carson, Bruce Bruckmann and Filip Balcaen. 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 $134.17.

Mohawk Industries has a market capitalization of $9.61 billion and generates $9.97 billion in revenue each year. The company earns $744.21 million in net income (profit) each year or $10.04 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.