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 6,831 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
132% more first-time investments, than exits
New positions opened: 102 | Existing positions closed: 44
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: 432 [Q2] → 488 (+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]
18% less repeat investments, than reductions
Existing positions increased: 146 | Existing positions reduced: 177
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$130
8%
upside
Avg. target
$149
24%
upside
High target
$180
50%
upside
5 analyst ratings
3 positive
60%
2 neutral
40%
0 negative
0%
Wells Fargo Sam Reid 41% 1-year accuracy 12 / 29 met price target | 8%upside $130 | Equal-Weight Maintained | 4 Feb 2025 |
Barclays Matthew Bouley 38% 1-year accuracy 25 / 66 met price target | 8%upside $130 | Equal-Weight Maintained | 16 Jan 2025 |
Goldman Sachs Susan Maklari 39% 1-year accuracy 11 / 28 met price target | 21%upside $145 | Buy Maintained | 14 Jan 2025 |
JP Morgan Michael Rehaut 63% 1-year accuracy 10 / 16 met price target | 34%upside $161 | Overweight Upgraded | 10 Jan 2025 |
Loop Capital Laura Champine 60% 1-year accuracy 15 / 25 met price target | 50%upside $180 | Buy Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 8 articles about MHK published over the past 30 days
Positive
Zacks Investment Research
1 day ago
Mohawk's Q4 Earnings Preview: What Could Drive the Results?
MHK's fourth-quarter 2024 results are likely to reflect a declining sales trend due to a softer residential market. That said, restructuring actions and cost-saving efforts bode well.
Positive
Zacks Investment Research
5 days ago
Why Mohawk Industries (MHK) Could Beat Earnings Estimates Again
Mohawk Industries (MHK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Positive
Zacks Investment Research
5 days ago
Mohawk Industries (MHK) Expected to Beat Earnings Estimates: Should You Buy?
Mohawk Industries (MHK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Zacks Investment Research
5 days ago
Mohawk Industries (MHK) is a Top-Ranked Value Stock: Should You Buy?
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Negative
Seeking Alpha
2 weeks ago
Mohawk Industries: Sitting On The Sidelines As Earnings Get Closer
Mohawk Industries' revenue is declining, and analysts expect further drops in both revenue and profits for the final quarter of the 2024 fiscal year. Despite cost-cutting initiatives showing some positive results, the overall economic conditions and consumer spending trends are unfavorable for Mohawk Industries. The company's stock is attractively priced compared to peers, but the continued decline in revenue and potential economic downturn warrant a cautious 'hold' rating.
Positive
Zacks Investment Research
2 weeks ago
Here's Why Mohawk Industries (MHK) is a Strong Momentum Stock
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Positive
Zacks Investment Research
3 weeks ago
Here's Why Mohawk Industries (MHK) is a Strong Value Stock
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Neutral
GlobeNewsWire
4 weeks ago
Mohawk Industries, Inc. Invites You to Join its Fourth Quarter Earnings Conference Call
CALHOUN, Ga., Jan. 07, 2025 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries' (NYSE: MHK) fourth quarter 2024 earnings release on Thursday, February 6, you are invited to listen to the conference call that will be broadcast live on Friday, February 7, at 11:00 am ET.
Positive
Investors Business Daily
1 month 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
2 months 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.
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