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

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

Mohawk Industries declared that its Board of Directors has approved a share repurchase program on Thursday, October 25th 2018, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Mohawk Industries, Inc. (NYSE:MHK) announced its earnings results on Thursday, July, 25th. The company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.87 by $0.02. The firm earned $2.58 billion during the quarter, compared to analyst estimates of $2.65 billion. Mohawk Industries had a return on equity of 10.50% and a net margin of 7.79%. Mohawk Industries's revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.51 earnings per share. 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 issued an update on its third quarter earnings guidance on Thursday, July, 25th. The company provided earnings per share (EPS) guidance of $2.58-2.68 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.05.

20 Wall Street analysts have issued 12 month price objectives for Mohawk Industries' stock. Their predictions range from $115.00 to $210.00. On average, they anticipate Mohawk Industries' stock price to reach $142.0613 in the next twelve months. This suggests a possible upside of 25.7% from the stock's current price. View Analyst Price Targets for Mohawk Industries.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mohawk Industries in the last year. There are currently 3 sell ratings, 9 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Mohawk Industries.

News articles about MHK stock have been trending positive on Wednesday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mohawk Industries earned a daily sentiment score of 2.5 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the near future. View News Stories for Mohawk Industries.

Mohawk Industries saw a drop in short interest in the month of July. As of July 31st, there was short interest totalling 5,101,800 shares, a drop of 6.9% from the June 30th total of 5,480,100 shares. Based on an average daily volume of 780,800 shares, the short-interest ratio is presently 6.5 days. Approximately 8.4% of the company's shares are short sold. View Mohawk Industries' Current Options Chain.

Some companies that are related to Mohawk Industries include VF (VFC), Luxottica Group (LUXTY), Sirius XM (SIRI), Hilton Hotels (HLT), Electronic Arts (EA), Rogers Communications (RCI), Carnival (CCL), Lululemon Athletica (LULU), Royal Caribbean Cruises (RCL), FOX (FOX), FOX (FOXA), ANTA Sports Products (ANPDF), Toshiba (TOSYY), Liberty Global (LBTYB) and Discovery Inc Series B (DISCB).

Based on aggregate information from My MarketBeat watchlists, some companies that other Mohawk Industries investors own include Alibaba Group (BABA), Home Depot (HD), Broadcom (AVGO), Micron Technology (MU), NVIDIA (NVDA), Citigroup (C), Netflix (NFLX), Celgene (CELG), Visa (V) and Gilead Sciences (GILD).

Mohawk Industries' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.91%), BlackRock Inc. (5.95%), JPMorgan Chase & Co. (2.87%), Pzena Investment Management LLC (2.73%), Wells Fargo & Company MN (2.03%) and Northern Trust Corp (1.00%). Company insiders that own Mohawk Industries stock include Bernard Thiers, Brian Carson, Bruce Bruckmann, Chistopher Wellborn, 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 Impala Asset Management LLC, Quest Capital Management Inc. ADV, Aviva PLC, Prudential Financial Inc., UBS Group AG, Morgan Stanley, Giverny Capital Inc. and Global Thematic Partners LLC. Company insiders that have sold Mohawk Industries company stock in the last year include Bernard Thiers, 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 Nuveen Asset Management LLC, Pzena Investment Management LLC, JPMorgan Chase & Co., Wells Fargo & Company MN, Balyasny Asset Management LLC, Strs Ohio, Wafra Inc. and Anchor Capital Advisors LLC. 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, Scottrade, Fidelity and Charles Schwab.

One share of MHK stock can currently be purchased for approximately $113.03.

Mohawk Industries has a market capitalization of $8.16 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.