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Tuesday, March 21, 2023

Is Mohawk Industries Inc. (NYSE: MHK) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Mohawk Industries Inc. (MHK) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $106.43. The Mohawk Industries Inc. has recorded 12,234 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Mohawk Industries Reports Q4 2022 Results.

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Stocks Info

MHK belongs to the Consumer Cyclical sector of the NYSE while operating in the Furnishings Fixtures & Appliances industry. At the end of the last regular session, the stock closed at $106.43 and fluctuated between $107.02 as its day high and $103.67 as its day low. The current market capitalization of Mohawk Industries Inc. is $6.57B. A total of 0.54 million shares were traded on the day, compared to an average of 616.32K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, MHK has seen 10 BUY and 2 SELL insider trades, representing the acquisition of 13,151 and the disposition of 2,700 shares. Over the last 12 months, there were 10 BUYs and 7 SELLs from insiders. Insiders purchased 13,151 shares during that period but sold 28,000.

In the most recent transaction, HELEN SUZANNE L sold 4,250 shares of MHK for 103.23 per share on Feb 27. After the transaction, the Possible Member of Group now owns 13,453 company shares. In a previous transaction on Feb 21, Patton Rodney David sold 1,261 shares at 107.15 per share. MHK shares that VP BUSINESS STRATEGY owns now total 12,109.

Among the insiders who sold shares, HELEN SUZANNE L disposed of 2,700 shares on Feb 16 at a per-share price of $116.40. This resulted in the Possible Member of Group holding 14,353 shares of MHK after the transaction. In another insider transaction, HELEN SUZANNE L sold 5,200 shares at $119.59 per share on Feb 13. Company shares held by the Possible Member of Group now total 14,853.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for MHK in the last 3 months, the mean price target is $119.79 with high estimates of $140.00 and low estimates of $87.00. In terms of 52-week highs and lows, MHK has a high of $159.00 and a low of $87.01.

As of this writing, MHK has an earnings estimate of $1.7 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $2.43 per share and a lower estimate of $1.1. The company reported an EPS of $3.34 in the last quarter, which was -0.30% lower than expectations of $3.35.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MHK is Underweight with a score of 3.07. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 12 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 2 thought it should be Sold.

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