Whirlpool (NYSE:WHR) Shares Up 9.9% – Here’s What Happened
by Tristan Rich · The Markets DailyWhirlpool Corporation (NYSE:WHR – Get Free Report)’s share price traded up 9.9% during trading on Tuesday . The stock traded as high as $44.97 and last traded at $43.0870. 979,049 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 2,642,401 shares. The stock had previously closed at $39.21.
Analysts Set New Price Targets
Several research analysts recently weighed in on WHR shares. Stifel Nicolaus dropped their price target on Whirlpool from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Thursday, July 23rd. Citigroup restated a “neutral” rating on shares of Whirlpool in a research report on Thursday. Royal Bank Of Canada lifted their target price on Whirlpool from $30.00 to $32.00 and gave the company an “underperform” rating in a research note on Wednesday. Bank of America dropped their target price on Whirlpool from $43.00 to $36.00 and set an “underperform” rating on the stock in a report on Monday, June 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Whirlpool from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $46.88.
Check Out Our Latest Report on WHR
Whirlpool Stock Performance
The company has a current ratio of 1.15, a quick ratio of 0.48 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $2.93 billion, a PE ratio of 15.46, a PEG ratio of 16.23 and a beta of 1.16. The firm’s fifty day moving average price is $39.32 and its 200 day moving average price is $54.78.
Whirlpool (NYSE:WHR – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.15). Whirlpool had a return on equity of 4.18% and a net margin of 1.17%.The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter in the prior year, the business posted $1.34 earnings per share. Whirlpool’s revenue was down 6.8% on a year-over-year basis. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. On average, research analysts anticipate that Whirlpool Corporation will post 2.75 earnings per share for the current year.
Institutional Investors Weigh In On Whirlpool
Several large investors have recently made changes to their positions in WHR. Community Financial Services Group LLC raised its position in Whirlpool by 99.2% during the second quarter. Community Financial Services Group LLC now owns 1,275 shares of the company’s stock valued at $51,000 after acquiring an additional 635 shares in the last quarter. Kwmg LLC grew its position in Whirlpool by 15.3% in the second quarter. Kwmg LLC now owns 77,019 shares of the company’s stock worth $3,036,000 after acquiring an additional 10,229 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Whirlpool by 719.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,663 shares of the company’s stock worth $105,000 after purchasing an additional 2,338 shares during the last quarter. Seven Six Capital Management LLC increased its stake in shares of Whirlpool by 32.5% during the 1st quarter. Seven Six Capital Management LLC now owns 43,150 shares of the company’s stock worth $2,327,000 after purchasing an additional 10,575 shares during the last quarter. Finally, Kentucky Retirement Systems bought a new position in shares of Whirlpool during the 1st quarter valued at $349,000. Institutional investors own 90.78% of the company’s stock.
About Whirlpool
Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.
In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.