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NYSE:MHKMohawk Industries Stock Price, Forecast & News

$93.16
-6.27 (-6.31 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$92.72
Now: $93.16
$99.99
50-Day Range
$73.05
MA: $82.44
$99.43
52-Week Range
$56.62
Now: $93.16
$156.60
Volume833,500 shs
Average Volume697,973 shs
Market Capitalization$6.63 billion
P/E Ratio9.17
Dividend YieldN/A
Beta1.53
Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW). The Global Ceramic segment provides a range of ceramic tile, porcelain tile, and natural stone products; and sources, markets, and distributes other tile related products. This segment markets and distributes its products under the American Olean, Daltile, Eliane, EmilGroup, KAI, Kerama Marazzi, Marazzi, and Ragno brands. The Flooring NA segment offers floor covering product lines in a range of colors, textures, and patterns, including carpets, carpet tiles, rugs and mats, carpet pads, hardwood, laminate, medium-density fiberboards, luxury vinyl tiles, and sheet vinyl products. This segment markets and distributes its flooring products under the Aladdin Commercial, Durkan, IVC, Karastan, Mohawk, Mohawk Group, Mohawk Home, Pergo, Portico, Quick-Step, and SmartStrand brands. The Flooring ROW segment provides hardwood flooring and vinyl flooring, as well as roofing elements, insulation boards, and chipboards products under the Balterio, Feltex, Godfrey Hirst, Hycraft, Itec, IVC, Leoline, Moduleo, Pergo, Quick-Step, and Unilin and Xtratherm brands; and licenses patents related to flooring manufacturers. The company sells its products through independent distributors, home centers, company-operated service centers and stores, floor covering retailers, ceramic specialists, commercial contractors, commercial end users, mass merchandisers, department stores, e-commerce retailers, shop at home, buying groups, retailers, and wholesalers, as well as private labeling programs. Mohawk Industries, Inc. was founded in 1988 and is headquartered in Calhoun, Georgia.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.74 out of 5 stars


Industry, Sector and Symbol

Industry Carpets & rugs
Sub-IndustryHome Furnishings
SectorConsumer Discretionary
CUSIP60819010
Phone706-629-7721

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.97 billion
Cash Flow$19.01 per share
Book Value$110.24 per share

Profitability

Net Income$744.21 million

Miscellaneous

Employees41,800
Market Cap$6.63 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Mohawk Industries (NYSE:MHK) Frequently Asked Questions

How has Mohawk Industries' stock been impacted by COVID-19 (Coronavirus)?

Mohawk Industries' stock was trading at $108.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MHK stock has decreased by 14.1% and is now trading at $93.16. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Mohawk Industries?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mohawk Industries in the last year. There are currently 3 sell ratings, 7 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Mohawk Industries.

When is Mohawk Industries' next earnings date?

Mohawk Industries is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Mohawk Industries.

How were Mohawk Industries' earnings last quarter?

Mohawk Industries, Inc. (NYSE:MHK) released its quarterly earnings results on Monday, May, 4th. The company reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.67 by $0.01. The company earned $2.29 billion during the quarter, compared to the consensus estimate of $2.29 billion. Mohawk Industries had a return on equity of 8.75% and a net margin of 7.47%. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 earnings per share. View Mohawk Industries' earnings history.

How will Mohawk Industries' stock buyback program work?

Mohawk Industries declared that its Board of Directors has authorized a share buyback program on Thursday, October 25th 2018, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 4.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

What price target have analysts set for MHK?

19 equities research analysts have issued twelve-month price targets for Mohawk Industries' shares. Their forecasts range from $62.00 to $165.00. On average, they expect Mohawk Industries' share price to reach $107.89 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price. View analysts' price targets for Mohawk Industries.

Has Mohawk Industries been receiving favorable news coverage?

Media coverage about MHK stock has trended extremely negative recently, according to InfoTrie. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of 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 -5.0 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 company's share price in the near future. View the latest news aboutMohawk Industries.

Are investors shorting Mohawk Industries?

Mohawk Industries saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,660,000 shares, an increase of 5.8% from the April 30th total of 3,460,000 shares. Based on an average daily volume of 1,030,000 shares, the days-to-cover ratio is presently 3.6 days. Currently, 6.3% of the company's stock are sold short. View Mohawk Industries' Current Options Chain.

Who are some of Mohawk Industries' key competitors?

What other stocks do shareholders of Mohawk Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mohawk Industries investors own include NVIDIA (NVDA), Alibaba Group (BABA), Home Depot (HD), Netflix (NFLX), Broadcom (AVGO), CVS Health (CVS), Bank of America (BAC), Cisco Systems (CSCO), General Electric (GE) and Gilead Sciences (GILD).

Who are Mohawk Industries' key executives?

Mohawk Industries' management team includes the following people:
  • Mr. Jeffrey S. Lorberbaum, Chairman & CEO (Age 64)
  • Mr. William Christopher Wellborn, Pres, COO & Director (Age 63)
  • Mr. Bernard P. Thiers, Pres of Unilin - Flooring Rest of World (Age 63)
  • Mr. Frank H. Boykin, Sr. Consultant (Age 64)
  • Mr. Glenn Rodney Landau, Exec. VP & CFO (Age 50)

What is Mohawk Industries' stock symbol?

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

Who are Mohawk Industries' major shareholders?

Mohawk Industries' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.97%), State Street Corp (3.97%), Pzena Investment Management LLC (2.91%), Wells Fargo & Company MN (2.36%), Victory Capital Management Inc. (1.83%) and Victory Capital Management Inc. (1.83%). Company insiders that own Mohawk Industries stock include Bernard Thiers, Brian Carson, Bruce Bruckmann, Cock Paul F De, Filip Balcaen, Jeffrey S Lorberbaum, Rodney David Patton and Suzanne L Helen. View institutional ownership trends for Mohawk Industries.

Which institutional investors are selling Mohawk Industries stock?

MHK stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Russell Investments Group Ltd., Two Sigma Advisers LP, Deutsche Bank AG, UBS Group AG, Strs Ohio, Parametric Portfolio Associates LLC, and Invesco Ltd.. Company insiders that have sold Mohawk Industries company stock in the last year include Bernard Thiers, Cock Paul F De, Jeffrey S Lorberbaum, and Suzanne L Helen. View insider buying and selling activity for Mohawk Industries.

Which institutional investors are buying Mohawk Industries stock?

MHK stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Schroder Investment Management Group, Bank of New York Mellon Corp, Wells Fargo & Company MN, Ensign Peak Advisors Inc, State of Tennessee Treasury Department, and Impax Asset Management Group plc. 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 activity for Mohawk Industries.

How do I buy shares of 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.

What is Mohawk Industries' stock price today?

One share of MHK stock can currently be purchased for approximately $93.16.

How big of a company is Mohawk Industries?

Mohawk Industries has a market capitalization of $6.63 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 41,800 workers across the globe.

What is Mohawk Industries' official website?

The official website for Mohawk Industries is www.mohawkind.com.

How can I contact Mohawk Industries?

Mohawk Industries' mailing address is 160 S. Industrial Blvd., CALHOUN GA, 30701. The company can be reached via phone at 706-629-7721.

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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