23,000 Shares in Whirlpool Corporation $WHR Purchased by Highbridge Capital Management LLC

Highbridge Capital Management LLC bought a new position in Whirlpool Corporation (NYSE:WHR) in the fourth quarter, Holdings Channel.com reports. The firm bought 23,000 shares of the company’s stock, valued at approximately $1,659,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Newport Trust Company LLC lifted its holdings in shares of Whirlpool by 10.2% in the fourth quarter. Newport Trust Company LLC now owns 2,391,252 shares of the company’s stock worth $172,505,000 after acquiring an additional 221,564 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Whirlpool by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 1,279,044 shares of the company’s stock worth $92,472,000 after acquiring an additional 29,162 shares during the last quarter. Causeway Capital Management LLC lifted its holdings in shares of Whirlpool by 42.3% in the third quarter. Causeway Capital Management LLC now owns 617,039 shares of the company’s stock worth $48,499,000 after acquiring an additional 183,496 shares during the last quarter. UBS Group AG lifted its holdings in shares of Whirlpool by 5.9% in the third quarter. UBS Group AG now owns 453,944 shares of the company’s stock worth $35,680,000 after acquiring an additional 25,458 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Whirlpool in the fourth quarter worth about $31,959,000. Institutional investors own 90.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on WHR shares. Stifel Nicolaus set a $55.00 target price on shares of Whirlpool in a report on Monday, May 4th. Citigroup dropped their target price on shares of Whirlpool from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, May 11th. BNP Paribas Exane raised shares of Whirlpool to a “neutral” rating in a report on Monday, March 16th. Raymond James Financial reissued a “market perform” rating on shares of Whirlpool in a report on Monday, March 16th. Finally, Zacks Research cut shares of Whirlpool from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $68.89.

Whirlpool Stock Performance

Whirlpool stock opened at $39.57 on Friday. The business has a 50 day moving average of $49.45 and a 200-day moving average of $66.17. Whirlpool Corporation has a 1 year low of $38.38 and a 1 year high of $111.96. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.88 and a quick ratio of 0.48. The company has a market capitalization of $2.56 billion, a P/E ratio of 13.46, a P/E/G ratio of 15.79 and a beta of 1.15.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, May 6th. The company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.99). The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.44 billion. Whirlpool had a net margin of 1.08% and a return on equity of 7.68%. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 EPS. Whirlpool has set its FY 2026 guidance at 3.000-3.500 EPS. On average, equities research analysts predict that Whirlpool Corporation will post 2.53 earnings per share for the current 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.