United Services Automobile Association Makes New $322,000 Investment in Whirlpool Corporation $WHR

Key Points

• United Services Automobile Association has acquired 3,597 shares of Whirlpool Corporation, valued at approximately $322,000, indicating institutional investor interest in the company.
• Whirlpool's shares have faced recent challenges, with earnings per share of $1.34 missing analysts' expectations and a quarterly revenue decline of 5.4% compared to last year.
• The company recently declared a quarterly dividend of $0.90 per share, despite a negative payout ratio of -135.85%, signaling potential concerns about its financial health.

United Services Automobile Association purchased a new position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,597 shares of the company's stock, valued at approximately $322,000.

A number of other institutional investors also recently bought and sold shares of WHR. Nuveen LLC purchased a new position in Whirlpool during the 1st quarter worth approximately $82,461,000. Causeway Capital Management LLC purchased a new position in shares of Whirlpool during the 1st quarter valued at approximately $32,788,000. Dimensional Fund Advisors LP increased its holdings in shares of Whirlpool by 25.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company's stock valued at $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 during the 1st quarter valued at approximately $30,621,000. Finally, Nuveen Asset Management LLC increased its holdings in shares of Whirlpool by 19.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,208,741 shares of the company's stock valued at $138,377,000 after purchasing an additional 199,663 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Price Performance

Whirlpool stock traded down $1.52 during trading on Thursday, reaching $84.93. The company had a trading volume of 2,066,979 shares, compared to its average volume of 1,032,275. The firm's 50-day simple moving average is $91.48 and its 200 day simple moving average is $88.74. Whirlpool Corporation has a 1-year low of $73.72 and a 1-year high of $135.49. The firm has a market capitalization of $4.75 billion, a PE ratio of -32.05 and a beta of 1.16. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85.

Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) 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 company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same period in the prior year, the business posted $2.39 EPS. Whirlpool's 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. As a group, equities research analysts anticipate that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, August 29th. Whirlpool's payout ratio is -135.85%.

Analysts Set New Price Targets

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

Whirlpool Profile

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.