Mohawk Industries, Inc. (MHK) made some significant news lately. Firstly, there has been notable selling and buying activity, with Suzanne L. Helen recently unloading 10,500 MHK shares, while Charles Schwab Investment Management, Amundi, and the Bank of New York Mellon Corp have all decreased or increased their MHK holdings. Moreover, key insiders like its CFO and president sold substantial parts of company shares. Despite experiencing a dip in Q4 owing to market challenges, the company managed to deliver robust revenues, beating estimations. However, it missed on full-year 2024's earnings-per-share expectations. Notably, majority of system processes have now been addressed and corrected, contributing towards the company's resilience.
Wall Street gives MHK a consensus rating of 'Moderate Buy', with rating upgrades from StockNews.com, Wolfe Research, JPMorgan and strong-buy from Raymond James after its Q4 results. On the flip side, its stock price target was decreased by several companies including Raymond James, Loop Capital, UBS, Truist, and Barclays. Lastly, MHK has embarked on significant restructuring focus predicting $285M annualized savings by 2026 and had a CFO resignation with an interim replacement named.
Mohawk Industries MHK News Analytics from Thu, 27 Jul 2023 07:00:00 GMT to Sun, 16 Mar 2025 00:23:48 GMT -
Rating 2
- Innovation 0
- Information 6
- Rumor -5
