Hodges Capital Management Inc. Purchases New Holdings in Whirlpool Corporation $WHR

Hodges Capital Management Inc. acquired a new position in Whirlpool Corporation (NYSE:WHR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,712 shares of the company’s stock, valued at approximately $275,000.

Several other large investors have also modified their holdings of the business. First Dallas Securities Inc. raised its holdings in shares of Whirlpool by 28.2% in the second quarter. First Dallas Securities Inc. now owns 12,527 shares of the company’s stock worth $1,270,000 after buying an additional 2,752 shares during the period. Allworth Financial LP boosted its holdings in Whirlpool by 102.8% during the 2nd quarter. Allworth Financial LP now owns 1,085 shares of the company’s stock valued at $110,000 after acquiring an additional 550 shares during the period. King Luther Capital Management Corp grew its position in Whirlpool by 4.4% in the 2nd quarter. King Luther Capital Management Corp now owns 23,800 shares of the company’s stock valued at $2,414,000 after acquiring an additional 1,000 shares during the last quarter. AE Wealth Management LLC increased its stake in Whirlpool by 9.2% in the second quarter. AE Wealth Management LLC now owns 24,121 shares of the company’s stock worth $2,446,000 after purchasing an additional 2,030 shares during the period. Finally, Tabor Asset Management LP purchased a new stake in Whirlpool in the second quarter worth $2,475,000. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Whirlpool Trading Down 3.1%

NYSE:WHR opened at $65.47 on Tuesday. The firm has a market cap of $3.68 billion, a P/E ratio of -19.49 and a beta of 1.18. Whirlpool Corporation has a one year low of $65.43 and a one year high of $135.49. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.46 and a current ratio of 0.86. The firm has a 50-day simple moving average of $79.13 and a 200-day simple moving average of $85.57.

Whirlpool (NYSE:WHR) last announced its earnings results on Monday, October 27th. The company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.68. The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Whirlpool had a positive return on equity of 19.49% and a negative net margin of 1.18%.The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.43 EPS. Whirlpool has set its FY 2025 guidance at EPS. Equities analysts anticipate that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $3.60 dividend on an annualized basis and a yield of 5.5%. Whirlpool’s dividend payout ratio is presently -107.14%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WHR. Stifel Nicolaus lowered their target price on shares of Whirlpool from $80.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday, October 29th. The Goldman Sachs Group decreased their price objective on shares of Whirlpool from $107.00 to $93.00 and set a “buy” rating for the company in a report on Monday, October 13th. Bank of America reissued an “underperform” rating and issued a $70.00 price objective (down from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Weiss Ratings restated a “sell (d)” rating on shares of Whirlpool in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $86.43.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.