Hodges Capital Management Inc. Makes New $228,000 Investment in Whirlpool Co. (NYSE:WHR)

Hodges Capital Management Inc. bought a new stake in Whirlpool Co. (NYSE:WHR) during the 4th quarter, HoldingsChannel reports. The fund bought 1,992 shares of the company’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors have also made changes to their positions in WHR. Stifel Financial Corp boosted its holdings in Whirlpool by 1.4% in the 3rd quarter. Stifel Financial Corp now owns 440,175 shares of the company’s stock valued at $47,099,000 after purchasing an additional 6,049 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Whirlpool by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,033,263 shares of the company’s stock valued at $110,567,000 after buying an additional 18,936 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Whirlpool by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,019,569 shares of the company’s stock valued at $216,094,000 after buying an additional 258,871 shares in the last quarter. State Street Corp grew its holdings in Whirlpool by 1.0% during the third quarter. State Street Corp now owns 1,650,386 shares of the company’s stock worth $176,591,000 after acquiring an additional 15,752 shares during the period. Finally, Prime Capital Investment Advisors LLC raised its position in Whirlpool by 10.7% in the third quarter. Prime Capital Investment Advisors LLC now owns 76,709 shares of the company’s stock worth $8,208,000 after acquiring an additional 7,405 shares in the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Whirlpool Trading Down 5.6 %

Shares of WHR stock opened at $99.16 on Tuesday. The company’s fifty day moving average price is $119.04 and its two-hundred day moving average price is $108.31. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 1.62. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $135.49.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.26 by $0.31. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. During the same period in the previous year, the firm earned $3.85 EPS. On average, research analysts anticipate that Whirlpool Co. will post 12.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WHR. Royal Bank of Canada lowered their price target on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research note on Friday, October 25th. StockNews.com upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group lifted their price target on shares of Whirlpool from $125.00 to $138.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price target on Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Bank of America lifted their price objective on Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Whirlpool has an average rating of “Hold” and an average target price of $112.80.

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.