Mohawk Industries Inc

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  • uploads///mhk pm
    Company & Industry Overviews

    Topeka Capital Rated Mohawk Industries as ‘Hold’

    Topeka Capital has initiated the coverage of Mohawk Industries with a “hold” rating. It also set the stock price target at $185.00 per share.

    By Gabriel Kane
  • Consumer

    Why Armstrong World Industries’ profits drop in 2Q

    Armstrong World Industries stock fell at the end of last month. Its 2Q14 earnings and revenue fell short of analysts’ expectations. Revenue was up 0.5% to $710 million compared to the same quarter last year. Adjusted diluted earnings per share (or EPS) fell 1% to $0.60. Net income declined 31.4% to $21 million.

    By Samantha Nielson
  • Consumer

    Why higher costs and charges impact Armstrong’s business segments

    Resilient Flooring net sales in the second quarter and first six months of 2014 declined 2%. Net sales were driven by lower volume in the Americas and Europe. Operating income also declined.

    By Samantha Nielson
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    Company & Industry Overviews

    Sidoti Rated HNI Corporation as ‘Neutral’

    HNI Corporation fell 2.1% to close at $51.99 per share on January 6. Its weekly, monthly, and YTD movements were -7.4%, -3.2%, and -7.0%, respectively.

    By Gabriel Kane
  • Consumer

    Why Armstrong World Industries lowers full year guidance

    Shares fell at the end of July because of the company’s lackluster outlook. The outlook was based on the market activity in May and June. It was also based on the recent downward revisions to gross domestic product (or GDP). AWI lowered its full year guidance for sales by $100 million.

    By Samantha Nielson
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    Company & Industry Overviews

    How US Retail Sales Changed in Two Decades

    The retail sales for 2018 were $4.3 trillion. From January to July 2019, the retail sales in this category rose 3.5% over the comparable period in 2018.

    By Rekha Khandelwal, CFA
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    Company & Industry Overviews

    S&P 500’s Top Losses: Nielsen Holdings and Facebook

    Nielsen Holdings, which is a global information, data, and measurement company, was the S&P 500’s top loss on July 26.

    By Val Kensington
  • uploads///gpk pm
    Company & Industry Overviews

    Graphic Packaging Holding Announces $250 Million Share Repurchase Program

    Graphic Packaging Holding Company (GPK) fell 0.08% to close at $12.82 per share during the second week of January 2017.

    By Gabriel Kane
  • uploads///mhk pm
    Company & Industry Overviews

    Moody’s Upgrades Mohawk Industries’s Notes to ‘Baa1’

    Mohawk Industries (MHK) reported fiscal 3Q16 net sales of ~$2.3 billion—a rise of 6.5%, compared to net sales of ~$2.2 billion in fiscal 3Q15.

    By Gabriel Kane
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    Company & Industry Overviews

    Barclays Rated Mohawk Industries as ‘Overweight’

    Mohawk Industries rose 0.04% to close at $204.44 per share on January 6, 2017. Its weekly, monthly, and YTD price movements were 1.1%, 4.8%, and 2.4%.

    By Gabriel Kane
  • uploads///mhk pm
    Earnings Report

    A Look at Mohawk Industries’s 3Q16 Earnings

    Mohawk Industries (MHK) has a market cap of $14.3 billion. It rose 7.8% to close at $190.75 per share on November 4, 2016.

    By Gabriel Kane
  • uploads///mhk pm
    Company & Industry Overviews

    Bank of America/Merrill Lynch Upgrades Mohawk Industries

    On October 12, 2016, Bank of America/Merrill Lynch upgraded Mohawk Industries’ rating to a “buy” from “neutral.”

    By Gabriel Kane
  • uploads///tm pm
    Company & Industry Overviews

    Toyota Motor Announced Its Partnership with Suzuki

    Toyota Motor fell 0.69% and closed at $115.09 per share during the second week of October 2016. In September, it reported total sales of 197,000 units.

    By Gabriel Kane
  • uploads///mhk pm
    Company & Industry Overviews

    Wells Fargo Rates Mohawk Industries as ‘Market Perform’

    Price movement Mohawk Industries (MHK) has a market cap of $14.8 billion. It fell 1.3% to close at $198.86 per share on September 29, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -3.8%, -6.1%, and 5.0%, respectively, on the same day. MHK is trading 4.2% below its 20-day moving average, 4.6% […]

    By Gabriel Kane
  • uploads///kors pm
    Company & Industry Overviews

    CLSA Rates Michael Kors Holdings as a ‘Sell’

    Price movement Michael Kors Holdings (KORS) has a market cap of $7.9 billion. It fell 2.8% to close at $46.87 per share on September 29, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -6.5%, -4.8%, and 17.0%, respectively, on the same day. KORS is trading 3.9% below its 20-day moving average, […]

    By Gabriel Kane
  • uploads///mhk pm
    Company & Industry Overviews

    Bank of America Merrill Lynch Rates Mohawk Industries ‘Neutral’

    Price movement Mohawk Industries (MHK) has a market cap of $15.3 billion. It fell 0.45% to close at $205.75 per share on September 23, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 0.16%, -2.2%, and 8.6%, respectively, on the same day. MHK is trading 1.6% below its 20-day moving average, 1.1% […]

    By Gabriel Kane
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    Consumer

    Mohawk Industries’ Earnings Results in Fiscal 2Q16

    Mohawk Industries (MHK) has a market cap of $15.3 billion. It fell by 0.42% to close at $207.70 per share on August 4, 2016.

    By Gabriel Kane
  • uploads///Sectoral Allocation of the VHIAX
    Fund Managers

    Need-to-Know Facts about the JPMorgan Growth Advantage Fund

    The JPMorgan Growth Advantage Fund (VHIAX) invests in common stocks without any market cap bias, although it can invest a sizable portion of its assets in a single market cap category. The fund uses derivatives, specifically futures contracts.

    By David Ashworth
  • uploads///US Treasuries Yield Curve
    Company & Industry Overviews

    Economic Indicators Drive Treasury Yields Lower Last Week

    Economic indicators were the primary movers of Treasury prices in the week to April 17. Treasury yields flattened after the release of the data.

    By David Ashworth
  • uploads///Part
    Company & Industry Overviews

    Home Depot’s Product Portfolio and Supplier Relationships

    Kitchen and garden products are the best-grossing product categories. These accounted for nearly 27% of revenues in fiscal 2014.

    By Phalguni Soni
  • uploads///TPX AND SCSS
    Fund Managers

    H Partners tackles Tempur Sealy’s stock underperformance

    H Partners believes Tempur Sealy’s stock has lagged behind its industry peers, claiming TPX has underperformed by more than 75% over the last three years.

    By Adam Rogers
  • uploads///MHK
    Fund Managers

    Glenview Capital ups its stake in Mohawk Industries

    In 4Q14, Glenview Capital increased its position in Mohawk Industries (MHK) to 2,328,002 shares, which is 1.81% of the fund’s total 4Q14 portfolio.

    By Diana Key
  • uploads///mohawk energy
    Fund Managers

    Mohawk Industries drives growth by reducing energy consumption

    In order to increase its bottom line and decrease its carbon footprint, Mohawk is focusing on optimizing overall energy consumption.

    By Adam Rogers
  • Consumer

    Why Armstrong faces soft demand environment in certain markets

    Net sales in the company’s Americas market declined 0.7% to $509.2 million in the second quarter. It was essentially flat for the first half of 2014. This was due to lower volumes.

    By Samantha Nielson
  • Consumer

    Overview: ValueAct Capital’s new position in Armstrong

    Armstrong is based in Lancaster. It’s a global producer of flooring products and ceiling systems. The products are used in the construction and renovation of residential, commercial, and institutional buildings. It designs, manufactures, and sells flooring products that are mainly resilient and wood.

    By Samantha Nielson
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