| 2024-10-18 | +1.16 % |
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| 2024-10-17 | -1.09 % |
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| 2024-10-15 | +1.06 % |
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| 2024-10-14 | +0.56 % |
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| 2024-10-10 | -1.4 % |
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| 2024-10-09 | +2.22 % |
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| 2024-10-08 | +0.22 % |
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| 2024-10-07 | +0.49 % |
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| 2024-10-03 | -0.62 % |
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| 2024-10-01 | -0.74 % |
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| 2024-09-30 | +1.18 % |
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| 2024-09-27 | +1.48 % |
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| 2024-09-24 | -0.53 % |
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| 2024-09-11 | -0.99 % |
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| 2024-07-25 | +5.76 % |
- Mohawk Industries (MHK) stock rose 5.76% following the announcement of stronger-than-expected second quarter 2024 earnings, with improved adjusted earnings per share due to productivity initiatives, restructuring actions, and lower energy and material costs despite overall soft market conditions.
- Mohawk Industries, Inc. (MHK) experienced a 5.76% stock increase following the announcement of their second quarter 2024 results, which showed significant adjusted earnings per share growth due to productivity initiatives, cost containment efforts, and favorable material costs despite a decline in net sales year-over-year.
- Mokawk Industries (MHK) stock rose 5.76% following the company's strong Q2 results, where it reported adjusted EPS of $3.00, exceeding expectations, and announced proactive measures for cost containment and revenue optimization amid challenging market conditions.
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| 2024-07-17 | -0.55 % |
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| 2024-07-11 | +7.4 % |
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| 2024-07-01 | -3.25 % |
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| 2024-06-28 | +5.13 % |
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| 2024-06-25 | -5.71 % |
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| 2024-06-18 | -0.84 % |
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| 2024-06-10 | +4.1 % |
- Raymond James upgraded Mohawk Industries (MHK) stock to Strong Buy with a price target of $140. The stock went up by 4.1% due to positive outlook on the company's performance, historically strong correlation between stock performance and FNA margins, a drop in WTI prices, valuation below net asset appraised value, sustained profitability, positive free cash flow, manageable debt, restrained addition of new capacity, and potential macroeconomic risks mitigation. Mohawk Industries also reported mixed results for Q1 2024 and remains optimistic about market recovery, with strategic cost management, alignment with market demand, and plans for new product innovations contributing to its performance. The InvestingPro data and tips further support the positive outlook on MHK stock, highlighting expected net income growth, upward earnings revisions by analysts, solid gross profit margin, and financial flexibility.
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| 2024-05-16 | -1.95 % |
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| 2024-04-29 | +2.58 % |
- Mohawk Industries (MHK) stock went up by 2.58% following its first-quarter earnings release in which it reported higher-than-expected adjusted earnings per share for 2024 and provided optimistic guidance for the second quarter. BofA Securities increased the price target for MHK to $114 from $110 based on a more favorable outlook, despite maintaining an Underperform rating due to concerns about weak flooring demand and pricing risks.
- The article discusses Jefferies' updated outlook on Mohawk Industries (NYSE:MHK), which resulted in a 2.58% increase in the company's stock price, attributed to stabilized earnings and demand for flooring products amid challenging economic conditions, with potential for increased operating leverage and profitability upon market recovery despite uncertainty due to high interest rates.
- Mohawk Industries (MHK) stock went up by 2.58% after RBC Capital updated its outlook on the company, raising the price target to $108.00 from $106.00, attributing the increase to stronger performance in the Flooring North America (FNA) and Ceramic segments which balanced out weakness in the Rest of World (ROW) segment. This revision was driven by forecasts for a 5% increase in 2024 earnings per share (EPS) to $8.80, as noted by the analyst, despite challenges in price dynamics in different segments but highlighted caution due to uncertainty regarding a recovery in price, mix, and volume. The overall limited visibility into a sustained earnings recovery for Mohawk Industries led to a neutral Sector Perform rating from RBC Capital, with analysts predicting profitability aligning with the forecasted increase in 2024 EPS.
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| 2024-04-26 | +4.7 % |
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| 2024-04-25 | -1.01 % |
- The article discusses how OLD National Bancorp IN decreased its position in Mohawk Industries (MHK) by 41% in the fourth quarter, resulting in a 1.01% decrease in the stock. The stock likely went down due to institutional investors and hedge funds like Allworth Financial LP, Huntington National Bank, Signaturefd LLC, Byrne Asset Management LLC, and Federated Hermes Inc. making changes to their positions in the company.
- The article discusses Mohawk Industries, Inc.'s financial performance for the first quarter of 2024, reporting a decrease in net sales and adjusted earnings. The company attributed the decline in stock value to economic headwinds impacting industry sales, margins, and mix, as well as pricing and mix pressure due to industry competition for volume, soft residential remodeling market, and reluctance from consumers to engage in higher ticket projects.
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| 2024-04-23 | +3.17 % |
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| 2024-04-19 | +0.74 % |
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