Whirlpool (NYSE:WHR) Trading 5.3% Higher – Here’s What Happened

Whirlpool Corporation (NYSE:WHR) shot up 5.3% on Friday . The stock traded as high as $38.99 and last traded at $39.8590. Approximately 355,455 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 2,684,760 shares. The stock had previously closed at $37.86.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WHR shares. Weiss Ratings lowered shares of Whirlpool from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, May 8th. Mizuho started coverage on Whirlpool in a research report on Monday, April 20th. They set a “neutral” rating and a $55.00 price objective on the stock. Wall Street Zen upgraded Whirlpool from a “strong sell” rating to a “sell” rating in a report on Saturday, June 27th. JPMorgan Chase & Co. lowered their target price on Whirlpool from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Citigroup decreased their price objective on Whirlpool from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Whirlpool presently has a consensus rating of “Reduce” and a consensus target price of $57.38.

Whirlpool Price Performance

The firm has a market capitalization of $2.65 billion, a PE ratio of 13.90, a PEG ratio of 23.54 and a beta of 1.16. The company has a quick ratio of 0.48, a current ratio of 0.88 and a debt-to-equity ratio of 1.48. The firm’s fifty day simple moving average is $41.42 and its 200-day simple moving average is $59.73.

Whirlpool (NYSE:WHR) last posted its earnings results on Wednesday, May 6th. The company reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.99). Whirlpool had a return on equity of 7.68% and a net margin of 1.08%.The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the business posted $1.70 EPS. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. Whirlpool has set its FY 2026 guidance at 3.000-3.500 EPS. On average, research analysts forecast that Whirlpool Corporation will post 1.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. RWWM Inc. increased its holdings in Whirlpool by 191.6% in the 1st quarter. RWWM Inc. now owns 2,422,618 shares of the company’s stock worth $130,628,000 after acquiring an additional 1,591,849 shares in the last quarter. Norges Bank bought a new position in shares of Whirlpool in the fourth quarter worth about $31,959,000. Freestone Grove Partners LP purchased a new position in Whirlpool in the 4th quarter worth approximately $22,729,000. Orion Porfolio Solutions LLC grew its holdings in Whirlpool by 2,795.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 234,564 shares of the company’s stock valued at $23,789,000 after buying an additional 226,462 shares in the last quarter. Finally, Newport Trust Company LLC grew its stake in Whirlpool by 10.2% during the fourth quarter. Newport Trust Company LLC now owns 2,391,252 shares of the company’s stock valued at $172,505,000 after acquiring an additional 221,564 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.

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.