The stock of Mohawk Industries Inc. (NYSE:MHK) last traded at $101.78, up 0.38% from the previous session.
Data from the available sources indicates that Mohawk Industries Inc. (NYSE:MHK) is covered by 16 analysts. The consensus rating among analysts is ‘Hold’. MHK stock price is now -2.63% away from the 50-day moving average and -1.43% away from the 200-day moving average. The market capitalization of the company currently stands at $6.46B.
In total, 10 analysts have assigned it a hold rating, and 3 have given it a buy rating.
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, LORBERBAUM JEFFREY S, CHIEF EXECUTIVE OFFICER sold 10,000 shares of the company’s stock on Aug 14. The stock was sold for $1,012,244 at an average price of $101.22. Upon completion of the transaction, the CHIEF EXECUTIVE OFFICER now directly owns 39,200 shares in the company, valued at $3.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 31, VP BUSINESS STRATEGY Patton Rodney David sold 2,600 shares of the business’s stock. A total of $277,571 was realized by selling the stock at an average price of $106.76. This leaves the insider owning 14,487 shares of the company worth $1.47 million. Insiders disposed of 29,174 shares of company stock worth roughly $2.97 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 PARADICE INVESTMENT MANAGEMENT LLC during the first quarter worth $34,626,000. LODGE HILL CAPITAL, LLC invested $25,445,000 in shares of MHK during the first quarter. In the first quarter, MAN GROUP PLC acquired a new stake in Mohawk Industries Inc. valued at approximately $18,646,000. KILTEARN PARTNERS LLP acquired a new stake in MHK for approximately $18,147,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP purchased a new stake in MHK valued at around $17,773,000 in the second quarter. In total, there are 660 active investors with 79.20% ownership of the company’s stock.
With an opening price of $102.18 on Friday morning, Mohawk Industries Inc. (NYSE: MHK) set off the trading day. During the past 12 months, Mohawk Industries Inc. has had a low of $87.01 and a high of $130.63. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.80, and a quick ratio of 1.00. The fifty day moving average price for MHK is $104.59 and a two-hundred day moving average price translates $103.24 for the stock.
The latest earnings results from Mohawk Industries Inc. (NYSE: MHK) was released for Jun, 2023. According to the Furnishings Fixtures & Appliances Company, earnings per share came in at $2.76, beating analysts’ expectations of $2.65 by 0.11. This compares to $4.40 EPS in the same period last year. The net profit margin was -2.80% and return on equity was -4.00% for MHK. The company reported revenue of $2.95 billion for the quarter, compared to $3.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.43 percent. For the current quarter, analysts expect MHK to generate $2.76B 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.
