Whirlpool Sees Unusually High Options Volume (NYSE:WHR)

Whirlpool Corporation (NYSE:WHR) saw some unusual options trading on Monday. Stock traders bought 31,155 put options on the stock. This is an increase of 362% compared to the average daily volume of 6,739 put options.

Whirlpool Stock Performance

WHR stock opened at $30.61 on Wednesday. The business’s fifty day moving average is $38.02 and its 200-day moving average is $43.46. The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 1.74. The company has a market cap of $2.00 billion, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 13.96 and a beta of 1.18. Whirlpool has a twelve month low of $30.30 and a twelve month high of $94.82.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.15). The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.55 billion. Whirlpool had a return on equity of 4.18% and a net margin of 1.17%.The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period last year, the firm earned $1.34 earnings per share. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Equities research analysts forecast that Whirlpool will post 2.25 EPS for the current year.

Institutional Trading of Whirlpool

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Primecap Management Co. CA bought a new position in Whirlpool during the 2nd quarter worth approximately $141,801,000. RWWM Inc. grew its holdings in Whirlpool by 191.6% during the first quarter. RWWM Inc. now owns 2,422,618 shares of the company’s stock valued at $130,628,000 after purchasing an additional 1,591,849 shares during the period. Canada Pension Plan Investment Board bought a new stake in Whirlpool in the second quarter valued at approximately $61,003,000. Nykredit A S bought a new stake in Whirlpool in the second quarter valued at approximately $51,953,000. Finally, Geode Capital Management LLC raised its holdings in 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 purchasing an additional 29,162 shares during the period. 90.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

WHR has been the topic of several research reports. Stifel Nicolaus cut their price target on Whirlpool from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Thursday, July 23rd. Bank of America lowered their price objective on Whirlpool from $38.00 to $31.00 and set an “underperform” rating for the company in a research report on Friday, September 11th. Royal Bank Of Canada boosted their price objective on Whirlpool from $30.00 to $32.00 and gave the stock an “underperform” rating in a report on Wednesday, August 5th. Citigroup restated a “neutral” rating on shares of Whirlpool in a research report on Thursday, August 6th. Finally, Zacks Research raised shares of Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $45.44.

About Whirlpool

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.