2 Popular Dividend Stocks That Could Cut The Cheese [Seeking Alpha]
Mohawk Industries, Inc. (MHK)
Last mohawk industries, inc. earnings: 2/13 04:10 pm
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US:NYSE Investor Relations:
mohawkind.com/corporateiroverview.aspx
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Source: Seeking Alpha
We highlight 2 popular dividend stock that could cut soon. High Yield Investor members get exclusive access to our real-world portfolio. See all our investments here » Co-produced by Austin Rogers The US economy as a whole might not be in recession, but it is certainly experiencing a "rolling recession" affecting specific industries. One of the most obvious sectors of the economy that is suffering its own mini-recession is the housing market. The ultra-low mortgage rates of 2020-2021 fueled a homebuying frenzy, especially among Millennials who are entering their prime single-family home years. Home prices soared, cooling only briefly as mortgage rate spiked to a 25-year high in 2023. Today, home prices continue to rise as inventory of homes on the market is low and mortgage rates have receded a bit. No existing homeowner is eager to give up their current mortgage rate of 3-4% to move to another house that would have a 6.5%+ mortgage rate. Hence we find that sales of exi
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MHK
News
- Mohawk Industries, Inc. (NYSE: MHK) had its price target raised by analysts at JPMorgan Chase & Co. from $122.00 to $124.00. They now have a "neutral" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE:MHK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Mohawk Industries, Inc. (NYSE: MHK) had its price target lowered by analysts at Barclays PLC from $122.00 to $120.00. They now have an "equal weight" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE: MHK) had its price target lowered by analysts at Loop Capital from $140.00 to $135.00. They now have a "buy" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE: MHK) had its price target raised by analysts at Truist Financial Co. from $127.00 to $140.00. They now have a "buy" rating on the stock.MarketBeat
MHK
Earnings
- 4/25/24 - Beat
MHK
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- MHK's page on the SEC website