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

Shares of Whirlpool Corporation (NYSE:WHR) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $30.30 and last traded at $31.5310, with a volume of 269388 shares trading hands. The stock had previously closed at $31.71.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 6th. BNP Paribas Exane assumed coverage on Whirlpool in a report on Monday, July 13th. They set a “neutral” rating and a $43.00 target price on the stock. Mizuho reduced their price target on Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. Stifel Nicolaus lowered 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. Finally, Citigroup reiterated a “neutral” rating on shares of Whirlpool in a research note on Thursday, August 6th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Whirlpool has a consensus rating of “Reduce” and an average target price of $45.44.

Whirlpool Trading Up 0.8%

The company has a market cap of $2.08 billion, a P/E ratio of 10.97, a PEG ratio of 14.09 and a beta of 1.18. The business has a fifty day moving average price of $38.25 and a 200-day moving average price of $43.84. The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 1.74.

Whirlpool (NYSE:WHR) last posted its earnings results on Monday, August 3rd. The company reported ($0.21) 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%. Whirlpool’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 EPS. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. On average, analysts forecast that Whirlpool Corporation will post 2.25 earnings per share for the current year.

Institutional Investors Weigh In On Whirlpool

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP acquired a new position in Whirlpool in the 2nd quarter valued at $1,320,000. Angeles Wealth Management LLC lifted its position in shares of Whirlpool by 196.9% during the 1st quarter. Angeles Wealth Management LLC now owns 38,697 shares of the company’s stock valued at $2,087,000 after acquiring an additional 25,663 shares during the period. Nykredit A S acquired a new stake in shares of Whirlpool during the 2nd quarter worth $51,953,000. Capstone Investment Advisors LLC acquired a new stake in shares of Whirlpool during the 2nd quarter worth $1,274,000. Finally, Deutsche Bank AG bought a new position in shares of Whirlpool in the second quarter worth $1,283,000. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Company Profile

Whirlpool Corporation is a global manufacturer and marketer of home appliances. The company develops products designed for food preservation, laundry, cooking, dishwashing and other household needs, serving consumers through retail, e-commerce and builder channels.

Its product portfolio includes refrigerators and freezers, washing machines and dryers, ranges and ovens, dishwashers, microwaves and other kitchen appliances. Whirlpool markets products under brands including Whirlpool, Maytag, KitchenAid, Amana and JennAir, with brand availability varying by market.

Founded in 1911 as the Upton Machine Company, Whirlpool is headquartered in Benton Harbor, Michigan.