Mohawk Industries
About: Mohawk Industries Inc manufactures a wide range of flooring products, including carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. Its operating segments include Global Ceramic, Flooring North America, and Flooring Rest of the World. The company generates maximum revenue from the Global Ceramic segment. Geographically, it derives a majority of its revenue from the United States.
Employees: 43,300
0
Funds holding %
of 6,812 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
119% more first-time investments, than exits
New positions opened: 103 | Existing positions closed: 47
50% more call options, than puts
Call options by funds: $59M | Put options by funds: $39.5M
33% more capital invested
Capital invested by funds: $6.13B [Q2] → $8.19B (+$2.05B) [Q3]
13% more funds holding
Funds holding: 431 [Q2] → 487 (+56) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 12 [Q2] → 12 (+0) [Q3]
3.58% less ownership
Funds ownership: 84.34% [Q2] → 80.76% (-3.58%) [Q3]
17% less repeat investments, than reductions
Existing positions increased: 146 | Existing positions reduced: 176
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$134
16%
upside
Avg. target
$158
36%
upside
High target
$196
69%
upside
8 analyst ratings
3 positive
38%
5 neutral
63%
0 negative
0%
Wells Fargo Sam Reid 21% 1-year accuracy 5 / 24 met price target | 16%upside $135 | Equal-Weight Maintained | 17 Dec 2024 |
Barclays Matthew Bouley 28% 1-year accuracy 17 / 61 met price target | 22%upside $141 | Equal-Weight Maintained | 11 Dec 2024 |
Loop Capital Laura Champine 64% 1-year accuracy 16 / 25 met price target | 55%upside $180 | Buy Maintained | 4 Dec 2024 |
RBC Capital Michael Dahl 0 / 0 met price target | 16%upside $134 | Sector Perform Maintained | 28 Oct 2024 |
Truist Securities Keith Hughes 47% 1-year accuracy 24 / 51 met price target | 34%upside $155 | Buy Maintained | 28 Oct 2024 |
Financial journalist opinion
Positive
Investors Business Daily
3 days ago
12 Stocks Turn $10,000 To $440,513 In 12 Months
Don't let the S&P 500's skid in December fool you. There was still lots of money to be made in stocks in the month and year.
Neutral
GlobeNewsWire
1 month ago
Mohawk Industries Announces Leadership Succession
CALHOUN, Ga., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced the planned retirement of Chris Wellborn, President and Chief Operating Officer and the promotion of Paul De Cock to succeed Mr. Wellborn effective February 1, 2025. The Company also announced that Ken Walma is joining the organization and will succeed Mr. De Cock as President of the Flooring North America Segment on February 1, 2025, after acquiring comprehensive knowledge of the Company's operations. Following his retirement, Mr. Wellborn will serve as Vice Chair of Mohawk's Board of Directors and assist with these leadership transitions.
Negative
Market Watch
2 months ago
These are the S&P 500's biggest laggards for October, down by as much as 29%
Super Micro joined the list after a 33% drop on Wednesday.
Positive
Benzinga
2 months ago
Top 3 Consumer Stocks That May Rocket Higher In Q4
The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
Negative
Benzinga
2 months ago
These Analysts Cut Their Forecasts On Mohawk Industries After Q3 Results
Mohawk Industries, Inc. MHK reported better-than-expected results for its third quarter, after the closing bell on Thursday.
Positive
Seeking Alpha
2 months ago
Mohawk Industries: Remain Confident That Earnings Growth Can Inflect In FY25
I maintain a buy rating for Mohawk Industries (MHK) due to expected earnings growth in FY25 as mortgage rates decline and consumer confidence improves. Despite a 1.7% revenue decline in 3Q24, solid cost control led to a 3.7% y/y adj EBITDA growth and improved adj EPS. Market concerns over weak 4Q24 guidance and near-term margin headwinds are transitory; demand recovery and cost optimizations should drive strong earnings growth in FY25.
Positive
Seeking Alpha
2 months ago
Mohawk Industries: Looking For A Floor
Shares of Mohawk Industries found a floor around $100 in 2023 as the largest interest rate scares ended during the year. Mohawk, the world's largest flooring company, has returned to earnings growth this year, but might end the year on a softer note. Long-term fundamentals remain strong, with potential for earnings to surpass $10 per share and further growth anticipated in 2025, making current prices appealing.
Neutral
Seeking Alpha
2 months ago
Mohawk Industries, Inc. (MHK) Q3 2024 Earnings Call Transcript
Mohawk Industries, Inc. (NYSE:MHK ) Q3 2024 Earnings Conference Call October 25, 2024 11:00 AM ET Company Participants James Brunk - CFO Jeffrey Lorberbaum - Chairman & CEO Christopher Wellborn - President, COO & Director Conference Call Participants Timothy Wojs - Baird John Lovallo - UBS Susan Maklari - Goldman Sachs Matthew Bouley - Barclays Phil Ng - Jefferies Laura Champine - Loop Capital Keith Hughes - Truist Securities Andrew Azzi - JPMorgan Adam Baumgarten - Zelman & Associates Eric Bosshard - Cleveland Research Stephen Kim - Evercore ISI Trevor Allinson - Wolf Research Samuel Reid - Wells Fargo Operator Good day, and welcome to the Mohawk Industries Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
Positive
Investopedia
2 months ago
S&P 500 Gains and Losses Today: Hospital Operators HCA, UHS Fall After Earnings
Major U.S. equities indexes were mixed on the final day of trading in a week dominated by a steady flow of earnings reports as well as increasing questions about how quickly the Federal Reserve will proceed with interest-rate reductions.
Neutral
Zacks Investment Research
2 months ago
Mohawk Q3 Earnings Beat, Stock Declines on Low Sales & Tepid Q4 View
MHK's third-quarter results reflect lower net sales due to continued market conditions.
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