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 declared that its Board of Directors has initiated a stock buyback program on Thursday, October 25th 2018, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 4.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Mohawk Industries, Inc. (NYSE:MHK) released its quarterly earnings data on Thursday, October, 24th. The company reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.64 by $0.11. The business earned $2.50 billion during the quarter, compared to analysts' expectations of $2.51 billion. Mohawk Industries had a return on equity of 9.82% and a net margin of 7.09%. Mohawk Industries's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.29 EPS. View Mohawk Industries' Earnings History.

Mohawk Industries is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for Mohawk Industries.

Mohawk Industries will be holding an earnings conference call on Thursday, February 13th 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 fourth quarter earnings guidance on Thursday, October, 24th. The company provided earnings per share (EPS) guidance of $2.13-$2.23 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.26.

15 equities research analysts have issued 12 month price objectives for Mohawk Industries' shares. Their forecasts range from $110.00 to $168.00. On average, they expect Mohawk Industries' share price to reach $147.23 in the next twelve months. This suggests a possible upside of 5.4% 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, 6 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 trended positive on Sunday, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mohawk Industries earned a news sentiment score of 3.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near 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), 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), Netflix (NFLX), Home Depot (HD), NVIDIA (NVDA), Micron Technology (MU), Biogen (BIIB), Tesla (TSLA), Tile Shop (TTS) and AbbVie (ABBV).

Mohawk Industries' stock is owned by a number of of retail and institutional investors. Top institutional investors include Douglass Winthrop Advisors LLC (0.68%), Fenimore Asset Management Inc. (0.51%), Tocqueville Asset Management L.P. (0.22%), Hahn Capital Management LLC (0.15%), Assenagon Asset Management S.A. (0.10%) and Calamos Advisors LLC (0.06%). 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 Hahn Capital Management LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, State of Alaska Department of Revenue, Commerzbank Aktiengesellschaft FI, Steward Partners Investment Advisory LLC, Fenimore Asset Management Inc., Tocqueville Asset Management L.P. and Calamos Advisors 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 Assenagon Asset Management S.A., Leith Wheeler Investment Counsel Ltd., Douglass Winthrop Advisors LLC, Contravisory Investment Management Inc., Raymond James Trust N.A., Accurate Investment Solutions Inc., RK Asset Management LLC and Triad Investment Management. 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 $139.70.

Mohawk Industries has a market capitalization of $10.01 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.