Five Consumer Durables Stocks Endorsed by Hedge Funds

#2 B/E Aerospace Inc (NASDAQ:BEAV)

Investors with Long Positions (as of September 30): 46

Aggregate Value of Investors’ Holdings (as of September 30): $1.69 Billion

During the third quarter, the total number of hedge funds that were long B/E Aerospace Inc (NASDAQ:BEAV) declined by four, while the total value of their aggregate holdings slid by 2.2%. The stock price fell by almost 20% during this period. Keith Meister‘s Corvex Capital, hiked its stake in B/E Aerospace Inc (NASDAQ:BEAV) by 25% during the third quarter to 8.27 million shares.

In its last quarterly report, B/E Aerospace posted EPS of $0.81, which was in line with the consensus estimate, but the fourth-quarter revenue of $659.20 million, missed the expectations of $709.11 million. For the full 2015, B/E Aerospace delivered revenue of $2.73 billion, up by 5% on the year, but its EPS of $3.03 went up by more than 20% compared to 2014.

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

Investors with Long Positions (as of September 30): 64

Aggregate Value of Investors’ Holdings (as of September 30): $2.87 Billion

Despite the total number of hedge funds holding shares Mohawk Industries, Inc. (NYSE:MHK) having increased by five during the third trimester, the aggregate value of holdings fell by 26%. Since the end of September, the stock is down by some 13%, mainly on the back of an 18% drop since the beginning of 2016. Renowned activist investor Dan Loeb‘s Third Point holds about 2.15 million shares of Mohawk Industries, Inc. (NYSE:MHK).

Currently, analysts expect Mohawk Industries to report EPS of $2.73 for the fourth quarter, on revenue of $2.06 billion, which represents slight growth over the year. For the full 2015, the consensus estimates include EPS of $10.11 on revenue of $8.13 billion.

Disclosure: None