Whirlpool (NYSE:WHR) Hits New 12-Month Low – Here’s What Happened

Whirlpool Corporation (NYSE:WHR)’s share price hit a new 52-week low during trading on Monday. The company traded as low as $29.62 and last traded at $29.8530, with a volume of 122612 shares changing hands. The stock had previously closed at $30.31.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Whirlpool from $42.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, September 11th. Zacks Research upgraded shares of Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 6th. Citigroup reaffirmed a “neutral” rating on shares of Whirlpool in a report on Thursday, August 6th. Mizuho decreased their target price on shares of Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, July 21st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Whirlpool presently has an average rating of “Reduce” and a consensus price target of $45.44.

Whirlpool Trading Up 0.5%

The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 1.74. The company has a fifty day moving average of $37.33 and a two-hundred day moving average of $42.54. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 13.35 and a beta of 1.21.

Whirlpool (NYSE:WHR) 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). The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.55 billion. Whirlpool had a net margin of 1.17% and a return on equity of 4.18%. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. On average, research analysts expect that Whirlpool Corporation will post 2.25 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WHR. Primecap Management Co. CA purchased a new stake in Whirlpool in the 2nd quarter valued at approximately $141,801,000. RWWM Inc. lifted its holdings in shares of Whirlpool by 191.6% in the 1st quarter. RWWM Inc. now owns 2,422,618 shares of the company’s stock valued at $130,628,000 after buying an additional 1,591,849 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Whirlpool in the second quarter valued at approximately $61,003,000. Nykredit A S purchased a new position in Whirlpool in the second quarter worth $51,953,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Whirlpool in the second quarter valued at $24,601,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Company Profile

Whirlpool Corporation is a global manufacturer and marketer of home appliances, serving consumers through a portfolio of well-known brands that includes Whirlpool, Maytag, KitchenAid, Amana and JennAir. Its products are sold through retailers, distributors and other channels to residential customers in multiple markets.

The company’s primary product categories include refrigerators and freezers, cooking appliances, dishwashers, washing machines and dryers. Through KitchenAid and other brands, Whirlpool also offers small domestic appliances and related products designed for food preparation and household use.

Whirlpool traces its history to 1911, when the Upton Machine Company began producing electric washing machines.