Whirlpool (NYSE:WHR) Stock Jumps 8.5% – Here’s What Happened

Whirlpool Corporation (NYSE:WHR)’s share price was up 8.5% on Thursday. The company traded as high as $28.61 and last traded at $28.7730. Approximately 2,526,657 shares changed hands during trading, a decline of 6% from the average session volume of 2,699,579 shares. The stock had previously closed at $26.53.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stifel Nicolaus cut their target price on shares of Whirlpool from $45.00 to $37.00 and set a “hold” rating for the company in a research report on Thursday, July 23rd. Wall Street Zen raised shares of Whirlpool from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Raymond James Financial reaffirmed a “market perform” rating on shares of Whirlpool in a research note on Wednesday, August 19th. Mizuho decreased their price objective on shares of Whirlpool from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company dropped their target price on Whirlpool from $39.00 to $30.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. Nine analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Whirlpool has an average rating of “Reduce” and a consensus target price of $36.44.

Whirlpool Price Performance

The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74. The business’s fifty day moving average price is $34.38 and its 200-day moving average price is $40.56. The company has a market capitalization of $1.88 billion, a P/E ratio of 9.89, a P/E/G ratio of 24.92 and a beta of 1.21.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.15). Whirlpool had a return on equity of 4.18% and a net margin of 1.17%. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same period last year, the firm earned $1.34 earnings per share. Whirlpool’s revenue for the quarter was down 6.8% on a year-over-year basis. 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 1.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WHR. Engineers Gate Manager LP purchased a new position in shares of Whirlpool during the 2nd quarter valued at approximately $1,320,000. Angeles Wealth Management LLC increased its position in shares of Whirlpool by 196.9% during the first quarter. Angeles Wealth Management LLC now owns 38,697 shares of the company’s stock worth $2,087,000 after acquiring an additional 25,663 shares during the period. Nykredit A S purchased 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 in the second quarter valued at approximately $1,274,000. Finally, Deutsche Bank AG purchased a new position in shares of Whirlpool during the second quarter worth about $1,283,000. 90.78% of the stock is owned by hedge funds and other institutional investors.

About Whirlpool

Whirlpool Corporation (NYSE: WHR) is a global manufacturer and marketer of home appliances. The company develops products designed for kitchens and laundry rooms, including refrigerators and freezers, cooking appliances, dishwashers, washing machines and dryers, and related household appliances.

Whirlpool sells products under a portfolio of well-known brands, including Whirlpool, Maytag, KitchenAid, JennAir and Amana. Its products are distributed through retailers, builders, distributors and other sales channels to residential customers in North America and international markets.

The company traces its history to 1911, when it was founded as the Upton Machine Company in Benton Harbor, Michigan.