Professional
Added to YB: 2024-03-21
Pitch date: 2023-12-31
MHK [bullish]
Mohawk Industries, Inc.
+10.26%
current return
Author Info
No bio for this author
Company Info
Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally.
Market Cap
$6.5B
Pitch Price
$102.02
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.00
P/E
15.59
EV/Sales
0.77
Sector
Household Durables
Category
value
Ariel Focus Fund Portfolio Holding: Mohawk Industries, Inc.
MHK up on Q1 beat despite weak demand. Cost deflation drove margins, mgmt sees '24 tailwinds from lower inventory costs & housing recovery. Strong B/S to weather cycle, poised for LT growth in resi remodel, new construction & commercial. Trades -57% vs est. PMV.
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