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NYSE:MHK

Mohawk Industries (MHK) Stock Price, News & Analysis

Mohawk Industries logo
$140.33 -0.01 (-0.01%)
(As of 11/15/2024 ET)

About Mohawk Industries Stock (NYSE:MHK)

Key Stats

Today's Range
$139.48
$142.08
50-Day Range
$130.88
$161.25
52-Week Range
$82.71
$164.29
Volume
575,190 shs
Average Volume
1.01 million shs
Market Capitalization
$8.86 billion
P/E Ratio
15.89
Dividend Yield
N/A
Price Target
$162.08
Consensus Rating
Moderate Buy

Company Overview

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, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World. The company provides ceramic, porcelain, and natural stone tiles products for floor and wall applications; natural stones, porcelain slabs, and quartz countertops, as well as installation materials; floor covering products comprising broadloom carpets, carpet tiles, rugs and mats, carpet pads, laminates, medium-density fiberboards, wood floorings, luxury vinyl tiles, and sheet vinyl; and roofing panels, insulation boards, mezzanine flooring products, medium-density fiberboard, and chipboards. It also licenses its intellectual property to flooring manufacturers. The company sells its products under the American Olean, Daltile, Decortiles, Eliane, EmilGroup, KAI, Kerama Marazzi, Marazzi, Ragno, Aladdin Commercial, Durkan, Foss, IVC, Karastan, Mohawk, Mohawk Group, Mohawk Home, Pergo, Portico, Quick-Step, Feltex, GH Commercial, Godfrey Hirst, Hycraft, IVC Commercial, IVC Home, Lentex, Leoline, and Moduleo, Redbook, Unilin, and Vitromex brands. It offers its products to company-owned service centers and stores, company-operated distributors, floor covering retailers, wholesalers, mass merchandisers, department stores, shop at home, buying groups, ceramic tile specialists, e-commerce retailers, residential builders, independent distributors, commercial contractors, and commercial end users. The company was incorporated in 1988 and is headquartered in Calhoun, Georgia.

Mohawk Industries Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
94th Percentile Overall Score

MHK MarketRank™: 

Mohawk Industries scored higher than 94% of companies evaluated by MarketBeat, and ranked 17th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Mohawk Industries has received a consensus rating of Moderate Buy. The company's average rating score is 2.77, and is based on 6 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Mohawk Industries has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Mohawk Industries' stock forecast and price target.
  • Earnings Growth

    Earnings for Mohawk Industries are expected to grow by 14.35% in the coming year, from $9.62 to $11.00 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Mohawk Industries is 15.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.33.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Mohawk Industries is 15.89, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.10.

  • Price to Earnings Growth Ratio

    Mohawk Industries has a PEG Ratio of 1.54. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Mohawk Industries has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Mohawk Industries' valuation and earnings.
  • Percentage of Shares Shorted

    1.48% of the float of Mohawk Industries has been sold short.
  • Short Interest Ratio / Days to Cover

    Mohawk Industries has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Mohawk Industries has recently decreased by 15.67%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Mohawk Industries does not currently pay a dividend.

  • Dividend Growth

    Mohawk Industries does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.48% of the float of Mohawk Industries has been sold short.
  • Short Interest Ratio / Days to Cover

    Mohawk Industries has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Mohawk Industries has recently decreased by 15.67%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Mohawk Industries has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for Mohawk Industries this week, compared to 6 articles on an average week.
  • Search Interest

    6 people have searched for MHK on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • MarketBeat Follows

    4 people have added Mohawk Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Mohawk Industries insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $447,609.00 in company stock.

  • Percentage Held by Insiders

    17.10% of the stock of Mohawk Industries is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    78.98% of the stock of Mohawk Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Mohawk Industries' insider trading history.
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MHK Stock News Headlines

Returns On Capital At Mohawk Industries (NYSE:MHK) Have Stalled
Mohawk Industries Announces Leadership Succession
Buffett’s Selling Out: Is Your 401(k) About to Get Wiped Out?
Let me share something important with you. Just a few weeks ago, Warren Buffett unloaded $932 million worth of bank stocks. He didn't do it on a whim—he knows something big is coming. The question is: Why aren't you taking action, too?
Mohawk Industries price target lowered to $146 from $161 at Barclays
Mohawk Industries price target lowered to $140 from $160 at Wells Fargo
See More Headlines

MHK Stock Analysis - Frequently Asked Questions

Mohawk Industries' stock was trading at $103.50 at the beginning of 2024. Since then, MHK stock has increased by 35.6% and is now trading at $140.33.
View the best growth stocks for 2024 here
.

Mohawk Industries, Inc. (NYSE:MHK) announced its quarterly earnings results on Thursday, July, 25th. The company reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.25. Mohawk Industries's revenue for the quarter was down 5.1% on a year-over-year basis.
Read the conference call transcript
.

The following companies are subsidiaries of Mohawk Industries: Godfrey Hirst Group, Xtratherm, KAI Group, IVC Group, Spano Group, Pergo, Marazzi Group, and more.

Mohawk Industries' top institutional shareholders include FMR LLC (3.45%), State Street Corp (2.93%), Geode Capital Management LLC (2.02%) and Pzena Investment Management LLC (1.72%). Insiders that own company stock include Suzanne L Helen, Jeffrey S Lorberbaum, Rodney David Patton and Chistopher Wellborn.
View institutional ownership trends
.

Shares of MHK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Mohawk Industries investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY) and Voyager Therapeutics (VYGR).

Company Calendar

Last Earnings
7/25/2024
Today
11/17/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/13/2025

Industry, Sector and Symbol

Industry
Carpets & rugs
Sub-Industry
Home Furnishings
CUSIP
60819010
Employees
43,300
Year Founded
1878

Price Target and Rating

Average Stock Price Target
$162.08
High Stock Price Target
$196.00
Low Stock Price Target
$134.00
Potential Upside/Downside
+15.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
13 Analysts

Profitability

Net Income
$-439,520,000.00
Pretax Margin
6.36%

Debt

Sales & Book Value

Annual Sales
$10.81 billion
Cash Flow
$32.63 per share
Book Value
$124.45 per share

Miscellaneous

Free Float
52,327,000
Market Cap
$8.86 billion
Optionable
Optionable
Beta
1.38

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This page (NYSE:MHK) was last updated on 11/17/2024 by MarketBeat.com Staff
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