Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Five Consumer Durable Stocks Hedge Funds Are Bullish On

Page 1 of 2

Consumer durable goods are defined as the products that yield utility over time and do not wear out quickly. According to the latest Commerce Department report, orders for durable goods surged by 4.4% in July, rebounding from a 4.2% decline in June. Analysts think that Consumer Durables sector will gain from lower GST rates and savings in logistics and transportation costs in the coming months. In this article, we are going to take a look at five most popular consumer durable stocks among the smart money investors from our database.

Biggest Industries in America

We believe that imitating hedge funds and other large institutional investors can be helpful in identifying stocks capable of outperforming the broader market. Through extensive research that covered portfolios of several hundred large investors between 1999 and 2012, we determined that following the small-cap stocks that large money managers are collectively bullish on, can generate monthly returns nearly 1.0 percentage points above the market (see more details here). 

Mohawk Industries, Inc. (NYSE:MHK)

– Number of Hedge Fund Shareholders (as of June 30): 47

– Total Value of Hedge Funds’ Holdings (as of June 30): $2.75 billion

– Hedge Funds’ Holdings as Percent of Float (as of June 30): 19.60%

A total of 47 hedge funds tracked by us were long Mohawk Industries, Inc. (NYSE:MHK) at the end of the second quarter, versus 49 hedge funds a quarter earlier. The stock has gained over 10% year-to-date. Mohawk Industries registered record profit and sales in the first quarter, after which it planned $600 million of capital investments for the year. The company reported second-quarter EPS of $3.47 on $2.31 billion in revenue, versus analysts’ estimates of EPS of $3.37 on revenue of $2.35 billion. For the third quarter, Mohawk Industries, Inc. (NYSE:MHK) expects EPS  between $3.40 and $3.49 EPS, versus the consensus estimate of $3.37. Dan Loeb’s Third Point owns 1.5 million shares of Mohawk, as of the end of the second quarter.

Follow Mohawk Industries Inc (NYSE:MHK)
Trade (NYSE:MHK) Now!

Ball Corporation (NYSE:BLL)

– Number of Hedge Fund Shareholders (as of June 30): 42

– Total Value of Hedge Funds’ Holdings (as of June 30): $2.11 billion

– Hedge Funds’ Holdings as Percent of Float (as of June 30): 20.60%

Ball Corporation (NYSE:BLL) shares have gained over 8% since the start of the year. The Colorado-based packaging and aerospace company posted a mixed second quarter, but provided an upbeat guidance. The company earned $1.05 per share, up by 18% year-over-year, and above the Street’s estimates of $0.99, but revenue of $2.03 billion was lower than the consensus estimate of $2.15 billion. At the end of June, Ball Corporation (NYSE:BLL) completed its $6.1 billion acquisition of British packaging company Rexam. Richard Perry’s Perry Capital owns over 2.69 million shares of Ball Corporation, as of the end of the June quarter.

Follow Ball Corp (NYSE:BLL)
Trade (NYSE:BLL) Now!

On the next page, we will continue our discussion on hedge funds’ moves surrounding consumer durable stocks.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!