Whirlpool (NYSE:WHR) Hits New 52-Week Low After Analyst Downgrade

Whirlpool Corporation (NYSE:WHR)’s stock price reached a new 52-week low during mid-day trading on Thursday after Stifel Nicolaus lowered their price target on the stock from $45.00 to $37.00. Stifel Nicolaus currently has a hold rating on the stock. Whirlpool traded as low as $35.89 and last traded at $36.21, with a volume of 125514 shares traded. The stock had previously closed at $37.14.

WHR has been the subject of several other reports. Royal Bank Of Canada decreased their price objective on shares of Whirlpool from $32.00 to $30.00 and set an “underperform” rating for the company in a report on Tuesday, June 16th. Citigroup decreased their price target on Whirlpool from $50.00 to $42.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Wall Street Zen raised Whirlpool from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 27th. Bank of America cut their price objective on Whirlpool from $43.00 to $36.00 and set an “underperform” rating for the company in a report on Monday, June 22nd. Finally, Mizuho decreased their target price on Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $51.22.

Institutional Trading of Whirlpool

Institutional investors and hedge funds have recently bought and sold shares of the stock. RWWM Inc. increased its position in shares of Whirlpool by 191.6% in the first 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 purchased a new stake in shares of Whirlpool in the 4th quarter valued at approximately $31,959,000. Freestone Grove Partners LP purchased a new stake in shares of Whirlpool in the 4th quarter valued at approximately $22,729,000. Orion Porfolio Solutions LLC boosted its stake in Whirlpool by 2,795.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 234,564 shares of the company’s stock worth $23,789,000 after purchasing an additional 226,462 shares during the period. Finally, Newport Trust Company LLC boosted its stake in Whirlpool by 10.2% in the 4th quarter. Newport Trust Company LLC now owns 2,391,252 shares of the company’s stock worth $172,505,000 after purchasing an additional 221,564 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Stock Performance

The firm’s 50-day simple moving average is $39.68 and its two-hundred day simple moving average is $57.32. The company has a current ratio of 0.88, a quick ratio of 0.48 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $2.42 billion, a PE ratio of 12.68, a PEG ratio of 30.90 and a beta of 1.16.

Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, May 6th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate 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 analyst estimates of $3.44 billion. During the same period last year, the business earned $1.70 EPS. The business’s quarterly revenue 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, equities research analysts expect that Whirlpool Corporation will post 1.15 earnings per share for the current fiscal year.

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.