Nykredit A S Acquires Shares of 954,309 Whirlpool Corporation $WHR

Key Points

• Nykredit A S acquired 954,309 Whirlpool shares worth approximately $37.6 million, representing about 1.46% of the company. Other major institutions also initiated or increased positions, with institutional investors collectively owning 90.78% of Whirlpool.
• Whirlpool reported a quarterly loss of $0.21 per share, missing estimates, while revenue fell 6.8% year over year to $3.52 billion. The stock was trading near its 52-week low at $31.98.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating, eight Hold ratings, three Sell ratings and one Buy rating; the average price target is $45.44.

Nykredit A S acquired a new stake in Whirlpool Corporation (NYSE:WHR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 954,309 shares of the company's stock, valued at approximately $37,619,000. Nykredit A S owned about 1.46% of Whirlpool as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Primecap Management Co. CA acquired a new position in shares of Whirlpool during the second quarter valued at $141,801,000. RWWM Inc. boosted its holdings in shares of Whirlpool by 191.6% in the first quarter. RWWM Inc. now owns 2,422,618 shares of the company's stock valued at $130,628,000 after acquiring an additional 1,591,849 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Whirlpool during the second quarter valued at about $61,003,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Whirlpool in the 2nd quarter worth approximately $24,601,000. Finally, Norges Bank bought a new position in shares of Whirlpool in the fourth quarter valued at $31,959,000. Institutional investors own 90.78% of the company's stock.

Whirlpool Stock Performance

Shares of NYSE:WHR opened at $31.98 on Friday. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 14.68 and a beta of 1.18. The business's fifty day moving average price is $38.85 and its two-hundred day moving average price is $44.93. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.15 and a quick ratio of 0.71. Whirlpool Corporation has a fifty-two week low of $31.95 and a fifty-two week high of $94.82.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings data 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). The firm 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 quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.34 EPS. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. As a group, analysts predict that Whirlpool Corporation will post 2.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WHR shares. Citigroup reiterated a "neutral" rating on shares of Whirlpool in a research report on Thursday, August 6th. Stifel Nicolaus cut their target price on Whirlpool from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Thursday, July 23rd. Wall Street Zen upgraded Whirlpool from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Wells Fargo & Company lowered their price objective on Whirlpool from $42.00 to $39.00 and set an "equal weight" rating on the stock in a report on Friday, September 11th. Finally, Mizuho decreased their target price on Whirlpool from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $45.44.

Whirlpool Profile

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.

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