Mohawk Industries Inc. (NYSE:MHK) shares traded 0.06% higher at $103.22 on Wall Street last session.
In accordance with the data, 16 analysts cover Mohawk Industries Inc. (NYSE:MHK). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $140.00 and a low of $95.00, we find $115.00. Given the previous closing price of $103.16, this indicates a potential upside of 11.48 percent. MHK stock price is now 5.10% away from the 50-day moving average and 1.93% away from the 200-day moving average. The market capitalization of the company currently stands at $6.48B.
It has been rated a hold by 10 analysts and a buy by 3. Brokers who have rated the stock have averaged $118.23 as their price target over the next twelve months.
With the price target maintained at $115, Loop Capital recently Upgraded its rating from Hold to Buy for Mohawk Industries Inc. (NYSE: MHK).
In other news, HELEN SUZANNE L, Possible Member of Group sold 4,250 shares of the company’s stock on Feb 27. The stock was sold for $438,713 at an average price of $103.23. Upon completion of the transaction, the Possible Member of Group now directly owns 13,453 shares in the company, valued at $1.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21, VP BUSINESS STRATEGY Patton Rodney David sold 1,261 shares of the business’s stock. A total of $135,115 was realized by selling the stock at an average price of $107.15. This leaves the insider owning 12,109 shares of the company worth $1.25 million. Insiders disposed of 46,674 shares of company stock worth roughly $4.82 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MHK stock. A new stake in Mohawk Industries Inc. shares was purchased by VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. during the first quarter worth $39,224,000. EDMOND DE ROTHSCHILD HOLDING S.A. invested $14,967,000 in shares of MHK during the first quarter. In the first quarter, INTECH INVESTMENT MANAGEMENT LLC acquired a new stake in Mohawk Industries Inc. valued at approximately $9,143,000. SAVANT CAPITAL, LLC acquired a new stake in MHK for approximately $7,059,000. CUBIST SYSTEMATIC STRATEGIES, LLC purchased a new stake in MHK valued at around $5,490,000 in the second quarter. In total, there are 656 active investors with 79.20% ownership of the company’s stock.
Mohawk Industries Inc. (NYSE: MHK) opened at $102.98 on Monday. During the past 12 months, Mohawk Industries Inc. has had a low of $87.01 and a high of $137.41. As of last week, the company has a debt-to-equity ratio of 0.41, a current ratio of 1.80, and a quick ratio of 1.00. The fifty day moving average price for MHK is $98.21 and a two-hundred day moving average price translates $101.27 for the stock.
The latest earnings results from Mohawk Industries Inc. (NYSE: MHK) was released for Mar, 2023. According to the Furnishings Fixtures & Appliances Company, earnings per share came in at $1.75, beating analysts’ expectations of $1.3 by 0.45. This compares to $3.78 EPS in the same period last year. The net profit margin was -1.20% and return on equity was -1.70% for MHK. The company reported revenue of $2.81 billion for the quarter, compared to $3.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.95 percent. For the current quarter, analysts expect MHK to generate $2.95B in revenue.
Mohawk Industries Inc.(MHK) Company Profile
Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Russia, and internationally. 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, natural stone, porcelain slab, quartz countertop, and other products, as well as installation materials under the American Olean, Daltile, Eliane, EmilGroup, KAI, Kerama Marazzi, Marazzi, and Ragno brands. The Flooring NA segment offers floor covering products in various colors, textures, and patterns, including broadloom carpets, carpet tiles, rugs and mats, carpet pads, laminate, medium-density fiberboards, wood flooring, luxury vinyl tiles (LVT), and sheet vinyl products through floor covering retailers, distributors, home centers, mass merchants, department stores, e-commerce retailers, shop at home, buying groups, builders, commercial contractors, and commercial end users. This segment markets and distributes its flooring products under the Aladdin Commercial, Durkan, IVC, Karastan, Mohawk, Mohawk Group, Mohawk Home, Pergo, Portico, and Quick-Step brands. The Flooring ROW segment provides laminate, LVT and sheet vinyl, wood flooring, broadloom carpet, and carpet tile collections; and roofing panels, insulation boards, mezzanine flooring products, and chipboards under the Feltex, GH Commercial, Godfrey Hirst, Hycraft, IVC Commercial, IVC Home, Leoline, Moduleo, Pergo, Quick-Step, and Unilin brands. This segment also licenses its intellectual property to flooring manufacturers. The company was incorporated in 1988 and is headquartered in Calhoun, Georgia.
