Mohawk Industries Remains a Buy Following 42% YTD Gain
StockNews
Published Apr 21, 2021 10:17AM ET
Updated Apr 21, 2021 12:31PM ET
Mohawk Industries Remains a Buy Following 42% YTD Gain
Mohawk Industries (NYSE:MHK) is a winner from the improving housing market and looming infrastructure bill. The stock is up 42% YTD. Patrick Ryan explains why he believes it remains a buy.Mohawk Industries (MHK) is one of the world’s top flooring product manufacturers. MHK’s flooring is used in both residential homes and commercial properties. The company also markets and distributes ceramic tile as well as natural stone and wood. MHK has climbed $12 in one month alone. The stock was priced at $92 in late October of 2020. MHK has steadily increased ever since, climbing to $134 by late November, $182 by late February, and its current price of $195 as of late April.
Headquartered in Calhoun, GA, MHK does business in three distinct segments: Flooring North America, Global Ceramic, and Rest of the World Flooring. It is particularly interesting to note more than one-third of MHK's sales stem from the company's global ceramic business. Let’s take a look at MHK to determine just how high this stock might go.
MHK Points of Note
Continue reading on StockNews
Get The News You Want
Written By: StockNews
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.