Newport Trust Company LLC Grows Holdings in Whirlpool Corporation $WHR

Key Points

• Newport Trust Company LLC increased its stake in Whirlpool Corporation by 11.4%, owning 1,806,101 shares worth approximately $162.78 million as of the latest SEC filing.
• Whirlpool recently posted disappointing quarterly earnings, with a reported EPS of $1.34, missing analyst estimates and showing a 5.4% revenue decline compared to the prior year.
• The company declared a $0.90 quarterly dividend, reflecting a 4.1% yield, but has a negative payout ratio of -264.15%, indicating financial strain.

Newport Trust Company LLC lifted its holdings in Whirlpool Corporation (NYSE:WHR - Free Report) by 11.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,806,101 shares of the company's stock after purchasing an additional 184,132 shares during the period. Whirlpool comprises 0.4% of Newport Trust Company LLC's holdings, making the stock its 28th biggest position. Newport Trust Company LLC owned 3.25% of Whirlpool worth $162,784,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of WHR. Cheviot Value Management LLC purchased a new stake in Whirlpool during the first quarter valued at approximately $36,000. TD Waterhouse Canada Inc. lifted its position in Whirlpool by 120.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock valued at $37,000 after acquiring an additional 175 shares during the last quarter. UMB Bank n.a. lifted its position in Whirlpool by 40.4% during the first quarter. UMB Bank n.a. now owns 448 shares of the company's stock valued at $40,000 after acquiring an additional 129 shares during the last quarter. Manitou Investment Management Ltd. purchased a new stake in Whirlpool during the first quarter valued at approximately $50,000. Finally, HHM Wealth Advisors LLC raised its holdings in shares of Whirlpool by 77.2% in the first quarter. HHM Wealth Advisors LLC now owns 560 shares of the company's stock worth $50,000 after buying an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company's stock.

Whirlpool Trading Down 0.0%

WHR stock traded down $0.01 during trading on Wednesday, reaching $94.93. 250,792 shares of the stock were exchanged, compared to its average volume of 1,331,204. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39. The business has a 50 day moving average price of $94.64 and a 200-day moving average price of $89.90. 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 $5.31 billion, a price-to-earnings ratio of -35.82 and a beta of 1.17.

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

Whirlpool Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.8%. Whirlpool's dividend payout ratio (DPR) is presently -135.85%.

Analysts Set New Price Targets

Several analysts recently commented on WHR shares. Bank of America restated an "underperform" rating and set a $70.00 price target (down previously from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Loop Capital reaffirmed a "hold" rating and set a $88.00 price objective on shares of Whirlpool in a report on Monday, August 4th. Longbow Research raised shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a report on Monday, June 30th. Wall Street Zen downgraded shares of Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Royal Bank Of Canada decreased their price objective on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a report on Wednesday, July 30th. Two investment 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 MarketBeat.com, Whirlpool presently has an average rating of "Hold" and a consensus target price of $98.83.

Whirlpool Company 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.