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Friday, September 29, 2023

It’s Not Over Yet For Mohawk Industries Inc. (NYSE: MHK)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Mohawk Industries Inc. (MHK) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.61, or -0.60%, to $101.17. The Mohawk Industries Inc. has recorded 12,699 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Mohawk Industries Reports Q2 Results.

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Stocks Info

Mohawk Industries Inc. is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Furnishings Fixtures & Appliances industry. The current market capitalization of Mohawk Industries Inc. is $6.46B. A total of 0.42 million shares were traded on the day, compared to an average of 683.16K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, MHK has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 2,600 shares. Over the last 12 months, there were 18 BUYs and 23 SELLs from insiders. Insiders purchased 83,549 shares during that period but sold 29,174.

In the most recent transaction, LORBERBAUM JEFFREY S sold 10,000 shares of MHK for 101.22 per share on Aug 14. After the transaction, the CHIEF EXECUTIVE OFFICER now owns 39,200 company shares. In a previous transaction on Jul 31, Patton Rodney David sold 2,600 shares at 106.76 per share. MHK shares that VP BUSINESS STRATEGY owns now total 14,487.

Among the insiders who sold shares, HELEN SUZANNE L disposed of 4,250 shares on Feb 27 at a per-share price of $103.23. This resulted in the Possible Member of Group holding 13,453 shares of MHK after the transaction. In another insider transaction, Patton Rodney David sold 1,261 shares at $107.15 per share on Feb 21. Company shares held by the VP BUSINESS STRATEGY now total 12,109.



Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for MHK in the last 3 months, the mean price target is $119.15 with high estimates of $130.00 and low estimates of $92.00. In terms of 52-week highs and lows, MHK has a high of $130.63 and a low of $87.01.

As of this writing, MHK has an earnings estimate of $2.69 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $2.76 per share and a lower estimate of $2.63. The company reported an EPS of $1.75 in the last quarter, which was 34.60% higher than expectations of $1.3.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MHK’s latest balance sheet shows that the firm has $591.89M in Cash & Short Term Investments as of fiscal 2021. There were $2.73B in debt and $2.95B in liabilities at the time. Its Book Value Per Share was $128.86, while its Total Shareholder’s Equity was $8.43B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.09.

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