Mohawk Industries (MHK) Receiving Somewhat Favorable News Coverage, Analysis Finds
Press coverage about Mohawk Industries (NYSE:MHK) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mohawk Industries earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.4002356642868 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- ValuEngine Upgrades Mohawk Industries, Inc. (MHK) to Buy (americanbankingnews.com)
- Mohawk Industries Inc (MHK): Span A is Below Span B – Financial News Review (finnewsreview.com)
- Mohawk Industries Inc (MHK) Chairman and CEO Jeffrey S Lorberbaum Sold $5 million of Shares – Nasdaq (nasdaq.com)
- $3.77 Earnings Per Share Expected for Mohawk Industries, Inc. (MHK) This Quarter (americanbankingnews.com)
- Jeffrey S. Lorberbaum Sells 19,700 Shares of Mohawk Industries, Inc. (MHK) Stock (americanbankingnews.com)
Mohawk Industries (NYSE MHK) traded up 0.06% on Monday, hitting $258.07. 407,635 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $249.04 and a 200-day moving average price of $238.91. Mohawk Industries has a 52-week low of $175.52 and a 52-week high of $259.91. The stock’s market cap is $19.18 billion.
Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, July 27th. The company reported $3.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.60 by $0.12. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.45 billion. Mohawk Industries had a net margin of 10.54% and a return on equity of 16.45%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.47 EPS. Analysts predict that Mohawk Industries will post $13.52 earnings per share for the current fiscal year.
MHK has been the subject of several recent analyst reports. ValuEngine upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Friday. BidaskClub cut shares of Mohawk Industries from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating and set a $268.00 price target for the company in a report on Tuesday, July 4th. Royal Bank Of Canada restated a “buy” rating and issued a $267.00 price target on shares of Mohawk Industries in a report on Monday, July 24th. Finally, MKM Partners restated a “buy” rating and issued a $286.00 price target (up from $255.00) on shares of Mohawk Industries in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $266.64.
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In related news, VP Rodney David Patton sold 387 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $242.00, for a total value of $93,654.00. Following the transaction, the vice president now owns 7,061 shares in the company, valued at approximately $1,708,762. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $254.95, for a total transaction of $5,022,515.00. Following the completion of the transaction, the chairman now owns 21,396 shares in the company, valued at approximately $5,454,910.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,224 shares of company stock worth $5,149,978. 17.00% of the stock is currently owned by company insiders.
About Mohawk Industries
Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.
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