Mohawk Industries Stock Price, News & Analysis (NYSE:MHK)

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 share repurchase plan 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 repurchase up to 4.5% of its shares through open market purchases. Shares repurchase plans 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 results on Thursday, July, 25th. The company reported $2.89 EPS for the quarter, topping analysts' consensus estimates of $2.87 by $0.02. The firm earned $2.58 billion during the quarter, compared to analysts' expectations of $2.65 billion. Mohawk Industries had a net margin of 7.79% and a return on equity of 10.50%. The company's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.51 EPS. 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 will be holding an earnings conference call on Thursday, October 24th 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 issued an update on its third quarter earnings guidance on Thursday, July, 25th. The company provided EPS guidance of $2.58-2.68 for the period, compared to the Thomson Reuters consensus estimate of $3.05.

18 analysts have issued 12-month price objectives for Mohawk Industries' shares. Their forecasts range from $110.00 to $167.00. On average, they anticipate Mohawk Industries' share price to reach $137.20 in the next year. This suggests a possible upside of 9.3% from the stock's current price. View Analyst Price Targets for Mohawk Industries.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mohawk Industries in the last year. There are currently 4 sell ratings, 6 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 trended very positive recently, according to InfoTrie. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. 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 coverage optimism score of 4.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company's share price in the next few days. View News Stories for Mohawk Industries.

Mohawk Industries saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 3,870,000 shares, an increase of 6.0% from the August 30th total of 3,650,000 shares. Based on an average daily volume of 778,600 shares, the days-to-cover ratio is currently 5.0 days. Currently, 6.6% of the company's shares are sold short. View Mohawk Industries' Current Options Chain.

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), Home Depot (HD), Micron Technology (MU), NVIDIA (NVDA), Netflix (NFLX), Tile Shop (TTS), Citigroup (C), Visa (V) and Celgene (CELG).

Mohawk Industries' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Douglass Winthrop Advisors LLC (0.67%), CIBC Private Wealth Group LLC (0.29%), Strs Ohio (0.24%), Calamos Advisors LLC (0.06%), Wilsey Asset Management Inc. (0.06%) and Envestnet Asset Management Inc. (0.05%). 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 Envestnet Asset Management Inc., Stephens Inc. AR, Nisa Investment Advisors LLC, Signaturefd LLC, Meeder Asset Management Inc., National Investment Services Inc. WI and Hanson & Doremus Investment Management. 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 Douglass Winthrop Advisors LLC, Wilsey Asset Management Inc., State of Alaska Department of Revenue, Strs Ohio, CIBC Private Wealth Group LLC, Assenagon Asset Management S.A., Calamos Advisors LLC and Robeco Institutional Asset Management B.V.. 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 $125.52.

Mohawk Industries has a market capitalization of $9.06 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.