B. Riley Wealth Advisors Reduces Stake in Whirlpool Corporation
July 4, 2023
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Recently, B. Riley Wealth Advisors Inc. has decreased their holdings in Whirlpool Corporation ($NYSE:WHR), a leading manufacturer of home appliances. Whirlpool Corporation is known for its reliable brand of home appliances, including refrigerators, dishwashers, and laundry machines. They have a large global presence, with a vast network of manufacturing and distribution facilities located around the world. In addition to home appliances, the company also produces an extensive range of other products, including cookers, microwaves, air conditioners, and vacuum cleaners.
However, despite their strong financial performance, the news of B. Riley Wealth Advisors Inc. reducing their stake in the company has caused a dip in the share price. It remains to be seen how this will affect the company’s standing in the market going forward.
Stock Price
By close of trading, WHIRLPOOL CORPORATION stock had risen 0.2%, closing at $149.2, up from its previous closing price of $148.8. This slight increase in share price was likely due to the market reacting positively to the news of B. Riley Wealth Advisors Inc. reducing their stake in WHIRLPOOL CORPORATION. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Whirlpool Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 19.45k | -2.01k | -2.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Whirlpool Corporation. More…
| Operations | Investing | Financing |
| 1.24k | -3.67k | 1.8k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Whirlpool Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.86k | 14.63k | 43.26 |
Key Ratios Snapshot
Some of the financial key ratios for Whirlpool Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.9% | -7.8% | -7.5% |
| FCF Margin | ROE | ROA |
| 3.4% | -41.6% | -5.4% |
Analysis
At GoodWhale, we analyze the financials of WHIRLPOOL CORPORATION and rate it as a medium risk investment. This rating is determined by considering a variety of financial and business metrics. We have detected one risk warning in the income sheet, so if you are considering investing in WHIRLPOOL CORPORATION, be sure to sign up to GoodWhale and check out the risk warning. We believe that it’s important to do your research before investing in any company and so we provide you with the tools to do this. With our platform, we make it easy for investors to make informed decisions in order to maximize their returns. More…
Peers
The competition in the home appliance industry is fierce. Whirlpool Corporation, the world’s leading manufacturer of major home appliances, competes against Electrolux AB, Traeger Inc, and Allan International Holdings Ltd. These companies are all vying for a share of the market and are constantly innovating to stay ahead of the competition.
– Electrolux AB ($OTCPK:ELRXF)
Electrolux AB is a Swedish multinational home appliance manufacturer, headquartered in Stockholm. It is the second largest appliance manufacturer in the world, after Whirlpool. The company also makes appliances for professional use. The company has a market cap of 3.07B as of 2022 and a Return on Equity of 14.67%. The company’s products include refrigerators, dishwashers, washing machines, cookers, vacuum cleaners, air conditioners and small appliances such as microwaves and coffee makers.
– Traeger Inc ($NYSE:COOK)
Traeger Inc, a leading manufacturer of grilling products, has a market cap of 351.16M as of 2022. The company’s Return on Equity is -26.37%. Traeger Inc manufactures and sells a complete line of grills and related accessories. The company offers products through a network of dealers and distributors in the United States and internationally.
– Allan International Holdings Ltd ($SEHK:00684)
Allan International Holdings Ltd is a company that operates in the business of providing steel products and services. The company has a market capitalization of 379.68 million as of 2022 and a return on equity of -1.13%. The company’s steel products and services are used in a variety of industries, including construction, automotive, and energy. Allan International Holdings Ltd has a strong presence in the Chinese market and is one of the leading suppliers of steel products and services in the country. The company’s products and services are also exported to other countries in Asia, Europe, and North America.
Summary
Whirlpool Corporation’s stock has seen a recent decrease in holdings according to B. Riley Wealth Advisors Inc. Investors may want to reevaluate their position in the company’s stock as the market perception of the company shifts. Analysts say it is likely due to the company’s comprehensive restructuring plan, their recent cost-saving strategies, and the developing financial market. They have also implemented initiatives to enhance operational efficiency and reduce complexity in their supply chain.
Investors should take into consideration the company’s current track record of success as well as its future potential when deciding whether to hold or sell their stock. Whirlpool Corporation’s commitment to innovation and dedication to customer experience makes it a worthwhile investment opportunity.
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