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MHK $108.08

MHK target price
108.08
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130
Mohawk Industries, Inc
Type
Public
Traded as NYSE: MHK
S&P 500 Component
Industry Conglomerate
Founded Amsterdam, New York
United States (1878 (1878))
Headquarters Calhoun, Georgia, U.S.
Area served
Worldwide
Key people
Jeffrey Lorberbaum
(Chairman & CEO)
Products Flooring
Revenue Increase $ 8.1 billion (FY 2013)
Net income
Increase $ 1.4 billion (FY 2015)
Total assets Increase $ 6.3 billion (FY 2012)
Total equity Increase $ 3.7 billion (FY 2012)
Number of employees
34,200 (December 2015)
Website MohawkInd.com

Mohawk Industries (NYSE: MHK) is an American flooring manufacturer based in Calhoun, Georgia, United States. Mohawk produces floor covering products for residential and commercial applications in North America and residential applications in Europe. The company manufacturing portfolio consists of soft flooring products (carpet and rugs), hard flooring products (ceramic tile, natural stone and hardwood flooring), laminate flooring, sheet vinyl and luxury vinyl tile. The company employs 37,800 in operations in Australia, Brazil, Canada, Europe, India, Malaysia, Mexico, New Zealand, Russia and the United States.

In 2015, Mohawk was recognized as the most used, top-brand familiarity, and top-quality rating carpet product by the Builder magazine.

William Shuttleworth and his four sons arrived in the United States in 1875 and set up a carpet mill in the Hudson Valley upon arrival. After William Shuttleworth died, the four sons moved to Amsterdam, New York in 1878 and took over an empty factory there. The company incorporated as the Shuttleworth Brothers Company in 1902.

The company adopted the name Mohawk Carpet Mills (or Mohawk Mills, for short) in 1920, when it merged with McCleary, Wallin and Crouse, another mill in Amsterdam. It became the country's sole weaver to offer an entire line of domestic carpets, also creating the industry's first textured design and sculptured weave.

In 1956, Mohawk Carpet Mills merged with Alexander Smith, Inc. to become Mohasco Corporation, a company large enough to appear on the first Fortune 500 rankings. Mohasco faced competition from new tufted carpet operations in Georgia, which used synthetic fibers such as nylon and polyester rather than the traditional wool used in woven carpets. To compete in a changing industry, Mohasco gradually moved manufacturing south into the Carolinas and eventually Georgia. In 1963, the company turned some of its attention to furniture manufacturing.

Carpet manufacturing at the Amsterdam site ended by 1968 and the last corporate offices left by 1987. In 1988, Mohasco was purchased by MHS Holdings in a leveraged buyout, and the company's carpet business was spun off from Mohasco to form Mohawk Industries.[2]

In 1992, Mohawk went public with its shares traded first on the NASDAQ Stock Exchange under the ticker symbol "NMS" and currently on the New York Stock Exchange under the ticker symbol "MHK." Mohasco's remaining assets were sold to other investors, and the company was later dissolved. Through 2016, Mohawk Industries has acquired 34 companies into its conglomerate, and now operates manufacturing facilities in 15 countries—the U.S., Mexico, Brazil, Ireland, the U.K., Belgium, France, the Netherlands, Luxembourg, Spain, Italy, the Czech Republic, Bulgaria, Russia and Malaysia. The company's present Chairman and CEO is Jeffrey Lorberbaum.

Mohawks brands include American Olean, Bigelow, Columbia Wood Flooring, Daltile, Durkan, IVC, Karastan, Kerama Marazzi, Lees, Marazzi, Moduleo, Mohawk, Mohawk Home, Pergo, Quick-Step and Unilin.

In 2009, it was involved in the Supreme Court case Mohawk Industries, Inc. v. Carpenter. The court found against Mohawk Industries, in a 9-0 decision.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-26 Future report Set alerts
Q2 2022 2022-07-28 4.41 4.41
Q1 2022 2022-04-28 3.78 3.78
Q4 2021 2022-02-10 2.95 2.95
Q3 2021 2021-10-28 3.95 3.95
Q2 2021 2021-07-29 4.45 4.45
Q1 2021 2021-04-29 3.49 3.49
Q4 2020 2021-02-11 3.54 3.54
Q3 2020 2020-10-29 3.26 3.26
Q2 2020 2020-08-06 0.37 0.37

Ratings

2016-07-06 Reiterated Rating Goldman Sachs Group Inc. Buy
2016-06-28 Reiterated Rating Credit Suisse Group AG Buy
2016-05-23 Initiated Coverage Topeka Capital Markets Hold $185.00
2016-05-08 Reiterated Rating Robert W. Baird Buy
2016-04-12 Initiated Coverage MKM Partners Buy $244.00
2016-04-07 Boost Price Target Barclays Buy $200.00 to $215.00
2016-04-07 Boost Price Target Barclays PLC Buy $200.00 to $215.00
2016-03-28 Boost Price Target RBC Capital Outperform $205.00 to $218.00
2016-03-28 Boost Price Target Royal Bank Of Canada Outperform $205.00 to $218.00
2016-03-15 Downgrade JPMorgan Chase & Co. Overweight to Neutral $205.00 to $215.00
2016-02-29 Boost Price Target RBC Capital Outperform $195.00 to $205.00
2016-02-29 Lower Price Target JPMorgan Chase & Co. Overweight $235.00 to $205.00
2016-02-29 Lower Price Target Barclays Overweight $201.00 to $200.00
2016-02-23 Lower Price Target Raymond James Strong-Buy $240.00 to $220.00
2016-02-23 Lower Price Target Raymond James Financial Inc. Strong-Buy $240.00 to $220.00
2016-01-20 Lower Price Target Barclays Overweight $221.00 to $201.00
2015-12-22 Reiterated Rating Barclays Buy
2015-12-21 Lower Price Target Barclays Overweight $222.00 to $221.00
2015-11-09 Reiterated Rating Barclays Buy $242.00 to $222.00
2015-11-09 Reiterated Rating Cantor Fitzgerald Hold $193.00 to $201.00
2015-11-09 Lower Price Target RBC Capital Outperform $237.00 to $211.00
2015-11-06 Lower Price Target Raymond James $250.00 to $240.00
2015-11-03 Initiated Coverage Robert W. Baird Outperform $224.00
2015-10-13 Reiterated Rating Barclays Outperform $225.00 to $242.00
2015-10-06 Initiated Coverage Goldman Sachs Buy $232.00
2015-10-06 Initiated Coverage Goldman Sachs Group Inc. Buy $232.00
2015-08-11 Reiterated Rating Barclays Buy
2015-08-10 Reiterated Rating Stifel Nicolaus Buy $212.00 to $225.00
2015-08-10 Reiterated Rating Cantor Fitzgerald Hold $193.00
2015-08-10 Boost Price Target Barclays Overweight $220.00 to $225.00
2015-08-10 Boost Price Target RBC Capital Outperform $210.00 to $237.00
2015-08-07 Upgrade Evercore ISI Hold to Buy $230.00
2015-07-02 Reiterated Rating Barclays Overweight $230.00
2015-06-10 Initiated Coverage Cantor Fitzgerald Hold $174.00
2015-06-10 Boost Price Target Barclays Overweight $210.00 to $220.00
2015-05-12 Reiterated Rating RBC Capital Outperform $209.00 to $210.00
2015-05-11 Boost Price Target Stifel Nicolaus Buy $202.00 to $212.00
2015-02-23 Initiated Coverage Credit Suisse Buy $200.00
2015-02-23 Boost Price Target Barclays Overweight $179.00 to $210.00
2015-02-23 Downgrade Evercore ISI Buy to Hold
2015-02-23 Boost Price Target Stifel Nicolaus Buy $180.00 to $195.00
2015-01-15 Boost Price Target Credit Suisse Outperform $166.00 to $180.00
2015-01-15 Boost Price Target JPMorgan Chase & Co. Overweight $170.00 to $180.00
2015-01-15 Boost Price Target Barclays Overweight $165.00 to $179.00
2015-01-15 Boost Price Target Stifel Nicolaus Buy $155.00 to $180.00
2015-01-14 Boost Price Target RBC Capital Outperform $169.00 to $178.00
2014-11-03 Reiterated Rating Barclays Overweight $164.00 to $165.00
2014-10-31 Upgrade Raymond James Outperform to Strong-Buy $150.00 to $165.00
2014-10-13 Reiterated Rating Barclays Overweight $163.00 to $164.00
2014-08-04 Reiterated Rating Barclays Overweight $164.00 to $163.00
2014-07-11 Lower Price Target Barclays Overweight $165.00 to $164.00
2014-07-02 Reiterated Rating Barclays Overweight $166.00 to $165.00
2014-05-02 Upgrade Raymond James Market Perform to Outperform $150.00
2014-04-28 Upgrade Ned Davis Research Neutral to Buy
2014-03-31 Lower Price Target Barclays $167.00 to $166.00
2014-02-24 Boost Price Target Stifel Nicolaus Buy $160.00 to $165.00
2014-02-21 Downgrade JPMorgan Chase & Co. Strong-Buy to Market Perform $160.00
2014-02-21 Downgrade Raymond James Strong-Buy to Market Perform $160.00
2014-01-27 Boost Price Target Barclays Overweight $161.00 to $171.00
2014-01-27 Initiated Coverage Evercore ISI Strong-Buy
2014-01-27 Upgrade JPMorgan Chase & Co. Neutral to Overweight $150.00 to $170.00
2014-01-13 Downgrade Ned Davis Research Buy to Neutral
2013-12-12 Boost Price Target Stifel Nicolaus Buy $155.00 to $160.00
2013-12-09 Initiated Coverage Goldman Sachs Neutral to Buy $173.00
2013-12-09 Upgrade Credit Suisse Neutral to Outperform
2013-11-04 Boost Price Target Barclays Overweight $151.00 to $161.00
2013-11-04 Boost Price Target Credit Suisse Neutral $137.00 to $142.00
2013-11-04 Reiterated Rating JPMorgan Chase & Co. Hold $138.00
2013-11-04 Boost Price Target RBC Capital Outperform $146.00 to $162.00
2013-11-01 Boost Price Target Raymond James Strong-Buy $150.00 to $160.00
2013-10-09 Boost Price Target JPMorgan Chase & Co. Neutral $133.00 to $138.00
2012-08-06 Reiterated Stifel Nicolaus Buy $84 to $79
2016-07-06 Reiterated Rating Goldman Sachs Group Inc. Buy
2016-06-28 Reiterated Rating Credit Suisse Group AG Buy
2016-05-23 Initiated Coverage Topeka Capital Markets Hold $185.00
2016-05-08 Reiterated Rating Robert W. Baird Buy
2016-04-12 Initiated Coverage MKM Partners Buy $244.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
BRUCKMANN BRUCE 0.39%  (282672) CLUB / HCCI / HEES / MHK / MWIV /
BALCAEN FILIP 0.29%  (208967) MHK /
WELLBORN CHISTOPHER President and COO 0.22%  (159656) MHK /
KOLB DAVID L 0.15%  (107994) AAN / MHK / PXR /
Thiers Bernard President-Unilin 0.08%  (55156) MHK /
LORBERBAUM JEFFREY S Chairman and CEO 0.06%  (45187) MHK /
Carson Brian President-Mohawk Flooring 0.03%  (19717) MHK /
Boykin Frank H CFO 0.02%  (17505) MHK /
Lucke James T VP & General Counsel 0.02%  (14553) MHK /
Onorato Joseph A. 0.02%  (14213) MHK /
De Cock Frans Georges 0.02%  (14016) MHK /
FIEDLER JOHN F 0.02%  (11104) MHK / SNA / WBC /
Turner John C JR President-Dal-Tile 0.01%  (10412) MHK /
BONANNO PHYLLIS O 0.01%  (7941) ADX / BWA / MHK / PEO /
SMITH- PILKINGTON KAREN A 0.01%  (7293) MHK / MPWR /
ILL RICHARD C 0.01%  (6857) ARG / GLT / MHK / TGI /
Patton Rodney David General Counsel - VP 0.01%  (6770) MHK /
Brunk James Corporate Controller and CAO 0.01%  (3846) MHK /