Whirlpool (NYSE:WHR) Shares Gap Up – Here’s What Happened

Whirlpool Corporation (NYSE:WHR)’s share price gapped up before the market opened on Tuesday. The stock had previously closed at $26.46, but opened at $27.38. Whirlpool shares last traded at $27.6750, with a volume of 362,298 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently commented on WHR shares. Mizuho reduced their price objective on shares of Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. Royal Bank Of Canada dropped their target price on shares of Whirlpool from $32.00 to $22.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 7th. Raymond James Financial reissued a “market perform” rating on shares of Whirlpool in a research note on Wednesday, August 19th. Bank of America reduced their price target on shares of Whirlpool from $38.00 to $31.00 and set an “underperform” rating for the company in a report on Friday, September 11th. Finally, Zacks Research cut shares of Whirlpool from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Nine equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Whirlpool has an average rating of “Reduce” and an average price target of $36.44.

Whirlpool Trading Up 7.6%

The business has a 50 day moving average of $35.01 and a two-hundred day moving average of $40.95. 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 firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 9.75, a P/E/G ratio of 12.40 and a beta of 1.21.

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). Whirlpool had a return on equity of 4.18% and a net margin of 1.17%. The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the previous year, the company posted $1.34 EPS. The firm’s revenue was down 6.8% on a year-over-year basis. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Equities analysts predict that Whirlpool Corporation will post 2.25 EPS for the current year.

Hedge Funds Weigh In On Whirlpool

A number of large investors have recently modified their holdings of the company. NFSG Corp grew its position in Whirlpool by 19.8% in the 3rd quarter. NFSG Corp now owns 5,920 shares of the company’s stock valued at $182,000 after purchasing an additional 980 shares during the period. TT Capital Management LLC acquired a new position in Whirlpool during the third quarter worth $334,000. Fortitude Family Office LLC acquired a new position in Whirlpool during the third quarter worth $29,000. GAMMA Investing LLC lifted its stake in shares of Whirlpool by 14.9% in the third quarter. GAMMA Investing LLC now owns 3,061 shares of the company’s stock valued at $94,000 after buying an additional 398 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Whirlpool by 171.2% in the third quarter. Farther Finance Advisors LLC now owns 4,705 shares of the company’s stock valued at $144,000 after buying an additional 2,970 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Company Profile

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.