Is Mohawk Industries, Inc. (NYSE: MHK) The Best Stock To Invest In?

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Mohawk Industries, Inc. Invites You to Join the Fourth Quarter 2023 Earnings Conference Call.

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Stocks Info

Mohawk Industries, Inc. is listed on the NYSE in the Consumer Cyclical sector while operating in the Furnishings, Fixtures & Appliances industry. At the end of the last regular session, the stock closed at $104.25 and fluctuated between $106.54 as its day high and $103.13 as its day low. The current market capitalization of Mohawk Industries, Inc. is $6.64B. A total of 0.98 million shares were traded on the day, compared to an average of 859.33K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, MHK has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 25,279 shares. Over the last 12 months, there were 8 BUYs and 26 SELLs from insiders. Insiders purchased 70,398 shares during that period but sold 64,453.

In the most recent transaction, HELEN SUZANNE L sold 4,500 shares of MHK for 107.01 per share on Dec 14. After the transaction, the Possible Member of Group now owns 4,453 company shares. In a previous transaction on Dec 13, HELEN SUZANNE L sold 5,500 shares at 94.09 per share. MHK shares that Possible Member of Group owns now total 8,953.

Among the insiders who sold shares, Patton Rodney David disposed of 279 shares on Nov 17 at a per-share price of $83.91. This resulted in the VP BUSINESS STRATEGY holding 14,208 shares of MHK after the transaction. In another insider transaction, LORBERBAUM JEFFREY S sold 25,000 shares at $86.34 per share on Nov 14. Company shares held by the CHIEF EXECUTIVE OFFICER now total 14,200.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for MHK in the last 3 months, the mean price target is $106.50 with high estimates of $125.00 and low estimates of $94.00. In terms of 52-week highs and lows, MHK has a high of $130.63 and a low of $76.02.

As of this writing, MHK has an earnings estimate of $1.85 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $1.9 per share and a lower estimate of $1.77. The company reported an EPS of $2.76 in the last quarter, which was 4.20% higher than expectations of $2.65.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $114.09, while its Total Shareholder’s Equity was $8.43B.

Analysts Opinion

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. 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 3.21.

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