How to Buy Mohawk Industries Stock
Mohawk Industries Inc
Mohawk Industries is a furnishings fixture & appliance company located in Georgia, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker MHK on the NYSE exchange.
Mohawk Industries stock last closed at $97.93, up 2.27% from the previous day, and has decreased 30.87% in one year. It has underperformed other stocks in the Furnishings Fixtures & Appliances industry by 0.14 percentage points. Mohawk Industries stock is currently +12.54% from its 52-week low of $87.02, and -31.3% from its 52-week high of $142.54.
As of Jun 6, 2023, there are 63.68M shares of MHK outstanding. The market cap of MHK is $6.24B. In the past 24 hours, 631,140 MHK shares were traded.
How to Buy Mohawk Industries Stock
Not sure how to invest in Mohawk Industries stock? Here's how.
- Decide where to buy Mohawk Industries stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Mohawk Industries stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Select your payment method and add your information.
- Analyze Mohawk Industries stock: The Mohawk Industries ticker symbol is MHK. Is Mohawk Industries stock a good investment? Should you buy shares of MHK? How do MHK's underlying business fundamentals look? Do top analysts think Mohawk Industries is a good buy? Why has MHK's stock price moved recently? (Hint: Our stock research tools can help you decide if MHK is a good stock to buy).
- Execute your MHK buy order: Decide if you will purchase MHK shares at the current market price or use a limit order to buy MHK stock at a specific price.
- Get the latest scoop on your investment in MHK: Create a watchlist to get the latest news on your position in Mohawk Industries stock.
Step 1: Decide where to buy Mohawk Industries stock
You will need an online brokerage account in order to access the NYSE market and buy MHK stock.
Our preferred brokerage: eToro
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Get $10 towards your stock purchase by opening an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal info so you can buy MHK today.
How to Open a New Brokerage Account on eToro
- Click here to get started.
- Input your personal details to start your new trading account.
- Send your application by pressing the "Create Account" button.
Step 3: Fund your investment account
Now that you have created your account on a mobile trading app, your next step is to transfer the money for your investment:
Check out this video walkthrough for more details transferring money into your investment account.
Step 4: Analyze Mohawk Industries stock
After you have selected the best place to buy Mohawk Industries stock, it's very important to research their stock before you buy, so you actually comprehend the risk and opportunity.
Mohawk Industries quick stats
Fundamentals of MHK
WallStreetZen was built to help average investors do more accurate fundamental analysis.
You can view all of the due diligence checks on MHK's stock page.
What is the fair value of MHK stock?
You can use many financial metrics, analyses, models, and charts to gauge MHK's fair value.
Using relative valuations ratios:
- MHK could be undervalued based on its P/B ratio of 0.77x, relative to Furnishings Fixtures & Appliances industry P/B ratio of 2.16x
You can access more valuation analysis on MHK's stock here.
MHK Financial Health
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the MHK balance sheet.
- There are more short-term assets than short-term liabilities on the MHK balance sheet.
- MHK's operating cash flow of $871.48M allows it to safely service it's debt of $3.73B.
Failed Financial Due Diligence Checks:
- MHK profit margin has gone down from 9% to -1.2% in the past year.
- MHK earnings of $43.36M is not sufficient to cover its interest payments.
- MHK has a relatively high debt to equity ratio of 0.82.
- Total MHK debt is higher than 5 years ago, relative to shareholder equity.
Is MHK stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 5 Equities analysts who give ratings on MHK, the consensus analyst rating on MHK is a Hold
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent MHK Analyst Ratings
Rafe Jadrosich, a top 12% analyst from Bank of America maintains MHK with a sell rating and lowers their MHK price target from $110.00 to $108.00, on Apr 19, 2023.
Laura Champine, a top 24% analyst from Loop Capital upgrades MHK to a strong buy rating and announces their MHK price target of $115.00, on Apr 11, 2023.
Dan Oppenheim, a top 26% analyst from Credit Suisse maintains MHK with a hold rating and lowers their MHK price target from $109.00 to $103.00, on Mar 20, 2023.
Matthew Bouley, a top 6% analyst from Barclays maintains MHK with a strong sell rating and raises their MHK price target from $83.00 to $105.00, on Feb 13, 2023.
Joe Ahlersmeyer, a top 8% analyst from Deutsche Bank maintains MHK with a hold rating and raises their MHK price target from $104.00 to $121.00, on Jan 11, 2023.
You can dig deeper into what analysts are projecting on the Mohawk Industries stock forecast page.
MHK Trading Indicators
How is MHK performing as a company?
Last year, MHK revenue was $11.53B. In the last 5 year, MHK's revenue has increased by 3.55% per year. This was slower than the Furnishings Fixtures & Appliances industry average of 5.05%.
Dive into MHK's earnings and revenue performance here.
Latest Insiders Trades at MHK
Over the past year, insiders at MHK have sold more shares than they have bought.
James Brunk, CFO - VP FINANCE of MHK, was the latest MHK insider to sell. They sold $50,234.96 worth of MHK stock on Mar 4, 2023.
Research more about who owns MHK shares here.
Does MHK stock generate passive income?
No, Mohawk Industries doesn't provide an income stream by paying out dividends.
What others are saying about MHK
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your MHK buy order
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, place a limit order.
Click the Open Trade button and eToro will place the order.
If you require more info about investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your investment in MHK
Now that you own some shares in MHK, you'll want to keep up with your investment.
Add MHK to a watchlist to get the latest updates about your MHK stock.
MHK Feed
How to Buy Stock in Mohawk Industries
To summarize, here are the 6 steps to buy Mohawk Industries stock:
- Decide where to buy Mohawk Industries stock
- Create your brokerage account
- Fund your investment account
- Analyze Mohawk Industries stock
- Execute your MHK buy order
- Get the latest scoop on your investment in MHK
If you require a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep track of your investment in Mohawk Industries, add MHK to your watchlist by clicking the button below.
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