Hedge Funds Love These Five Consumer Durables Stocks

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2. Graphic Packaging Holding Company (NYSE:GPK)

– Investors with Long Positions (as of March 31): 41

– Aggregate Value of Investors’ Holdings (as of March 31): $1.12 Billion

While the total number of hedgies holding shares of the Atlanta-based provider of paper-based packaging solutions remained unchanged during the first three months, the aggregate value of these holdings decreased slightly by 6%. The stock traded nearly sideways during this period. Graphic Packaging Holding Company (NYSE:GPK) posted first-quarter earnings of $0.2 per share on revenue of $1.03 billion, beating EPS estimates by $0.02, but missing revenue expectations by $20 million. The company managed to close three acquisitions during the quarter including that of G-Box, Walter G. Anderson, and Metro Packaging & Imaging. With 28.35 million shares at the end of March, David Cohen and Harold Levy’s Iridian Asset Management is the largest stockholder of Graphic Packaging Holding Company (NYSE:GPK) within our database.

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1. Mohawk Industries, Inc. (NYSE:MHK)

– Investors with Long Positions (as of March 31): 49

– Aggregate Value of Investors’ Holdings (as of March 31): $2.32 Billion

The $14.77 billion flooring manufacturer faced a loss in traction as the number of funds followed by Insider Monkey holding shares of Mohawk Industries, Inc. (NYSE:MHK) in their portfolios dropped by six during the first quarter. Mohawk’s first quarter Global Ceramic Segment sales of $773.73 million were up by 8% on a year-over-year basis with the Mexican ceramic business being the fastest growing part of the segment. Sales from the Flooring North America Segment stood at $906.36 million and were also up by 7% from the same quarter last year. Robert Joseph Caruso‘s Select Equity Group had these up trends in mind when it raised its stake in Mohawk Industries, Inc. (NYSE:MHK) by 17% during the first quarter.

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Disclosure: None

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