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

Whirlpool Corporation (NYSE:WHR)’s stock price hit a new 52-week low during trading on Monday. The stock traded as low as $28.23 and last traded at $28.5110, with a volume of 88,846 shares traded. The stock had previously closed at $28.83.

Wall Street Analyst Weigh In

WHR has been the topic of a number of research reports. Citigroup lowered their price target on Whirlpool from $48.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday. BNP Paribas Exane initiated coverage on Whirlpool in a report on Monday, July 13th. They set a “neutral” rating and a $43.00 price objective for the company. Raymond James Financial reiterated a “market perform” rating on shares of Whirlpool in a research report on Wednesday, August 19th. Wall Street Zen raised Whirlpool from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Stifel Nicolaus lowered their target price on Whirlpool from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Eight investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $37.44.

Whirlpool Price Performance

The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.15. The stock has a market capitalization of $1.90 billion, a PE ratio of 11.93, a P/E/G ratio of 12.84 and a beta of 1.21. The company’s fifty day simple moving average is $36.28 and its two-hundred day simple moving average is $41.66.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results 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 business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Whirlpool had a net margin of 1.17% and a return on equity of 4.18%. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period last year, the company earned $1.34 EPS. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. As a group, sell-side analysts predict that Whirlpool Corporation will post 2.25 EPS for the current year.

Institutional Investors Weigh In On Whirlpool

A number of institutional investors and hedge funds have recently bought and sold shares of WHR. Primecap Management Co. CA purchased a new position in Whirlpool during the second quarter worth $141,801,000. RWWM Inc. raised its holdings 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 during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Whirlpool in the second quarter valued at $61,003,000. Nykredit A S purchased a new stake in shares of Whirlpool in the second quarter valued at $51,953,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Whirlpool in the second quarter valued at $24,601,000. Hedge funds and other institutional investors own 90.78% of the company’s stock.

About Whirlpool

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.