Whirlpool Corporation $WHR Shares Purchased by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd significantly increased its holdings in Whirlpool Corporation by 816.6% in Q1, now owning 6,086 shares valued at approximately $549,000.
• Whirlpool's recent earnings report showed a miss on EPS estimates with $1.34 reported, down from $2.39 year-over-year, and revenue of $3.77 billion, underperforming analyst expectations.
• Whirlpool has cut its dividend to $0.90 per share, reflecting a dividend payout ratio of -135.85%, indicating potential financial challenges.

Bayforest Capital Ltd boosted its holdings in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 816.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,086 shares of the company's stock after purchasing an additional 5,422 shares during the quarter. Bayforest Capital Ltd's holdings in Whirlpool were worth $549,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WHR. Nuveen LLC purchased a new position in Whirlpool during the first quarter worth approximately $82,461,000. Causeway Capital Management LLC purchased a new position in Whirlpool during the first quarter worth approximately $32,788,000. Dimensional Fund Advisors LP boosted its position in Whirlpool by 25.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company's stock worth $155,343,000 after purchasing an additional 350,397 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Whirlpool in the first quarter valued at approximately $30,621,000. Finally, Nuveen Asset Management LLC lifted its position in shares of Whirlpool by 19.8% in the fourth quarter. Nuveen Asset Management LLC now owns 1,208,741 shares of the company's stock valued at $138,377,000 after acquiring an additional 199,663 shares in the last quarter. Hedge funds and other institutional investors own 90.78% of the company's stock.

Whirlpool Trading Down 2.8%

Shares of NYSE WHR traded down $2.69 during trading on Friday, reaching $92.27. The stock had a trading volume of 893,774 shares, compared to its average volume of 997,324. Whirlpool Corporation has a fifty-two week low of $73.72 and a fifty-two week high of $135.49. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85. The business's 50-day moving average price is $93.12 and its 200-day moving average price is $89.13. The company has a market cap of $5.16 billion, a P/E ratio of -34.82 and a beta of 1.16.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.54 by ($0.20). Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same period in the previous year, the firm posted $2.39 earnings per share. The company's quarterly revenue was down 5.4% compared to the same quarter last year. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, equities research analysts predict that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.9%. Whirlpool's payout ratio is presently -135.85%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WHR. Bank of America restated an "underperform" rating and issued a $70.00 target price (down previously from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Wall Street Zen downgraded Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Loop Capital restated a "hold" rating and issued a $88.00 target price on shares of Whirlpool in a research report on Monday, August 4th. Royal Bank Of Canada decreased their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 30th. Finally, Longbow Research upgraded Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a research report on Monday, June 30th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Whirlpool currently has an average rating of "Hold" and an average price target of $98.83.

About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.