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 authorized a stock repurchase 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 repurchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Mohawk Industries, Inc. (NYSE:MHK) released its quarterly earnings results on Thursday, February, 13th. The company reported $2.25 earnings per share for the quarter, topping the Zacks' consensus estimate of $2.20 by $0.05. The firm 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 was down 1.0% on a year-over-year basis. During the same period last year, the company earned $2.53 earnings per share. 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 issued an update on its first quarter earnings guidance on Thursday, February, 13th. The company provided earnings per share guidance of $1.90-2.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.08.

15 brokers have issued 1 year price objectives for Mohawk Industries' stock. Their forecasts range from $117.00 to $168.00. On average, they anticipate Mohawk Industries' share price to reach $146.36 in the next year. This suggests a possible upside of 19.9% 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 stories about MHK stock have been trending very negative this week, InfoTrie Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources. 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 media sentiment score of -3.0 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. 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), NVIDIA (NVDA), Gilead Sciences (GILD), Tesla (TSLA), AbbVie (ABBV), CVS Health (CVS) and Lockheed Martin (LMT).

Mohawk Industries' stock is owned by a variety of of retail and institutional 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 $122.11.

Mohawk Industries has a market capitalization of $8.75 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.