S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
What to watch for as China's major political meeting of the year gets underway
Critical asset just had biggest fall on record (Ad)
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
What to watch for as China's major political meeting of the year gets underway
Critical asset just had biggest fall on record (Ad)
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
What to watch for as China's major political meeting of the year gets underway
Critical asset just had biggest fall on record (Ad)
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
What to watch for as China's major political meeting of the year gets underway
Critical asset just had biggest fall on record (Ad)
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants

Westlake (WLK) Stock Price, News & Analysis

$137.38
-1.33 (-0.96%)
(As of 03/1/2024 ET)
Today's Range
$136.60
$139.38
50-Day Range
$132.81
$144.23
52-Week Range
$102.64
$145.98
Volume
260,913 shs
Average Volume
423,887 shs
Market Capitalization
$17.61 billion
P/E Ratio
37.13
Dividend Yield
1.46%
Price Target
$131.31

Westlake MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.93 Rating Score
Upside/​Downside
4.4% Downside
$131.31 Price Target
Short Interest
Healthy
4.60% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.64
Upright™ Environmental Score
News Sentiment
0.27mentions of Westlake in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$667,765 Sold Last Quarter
Proj. Earnings Growth
29.06%
From $6.95 to $8.97 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.14 out of 5 stars

Basic Materials Sector

38th out of 169 stocks

Industrial Organic Chemicals Industry

4th out of 19 stocks


WLK stock logo

About Westlake Stock (NYSE:WLK)

Westlake Corporation manufactures and markets performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Italy, Taiwan, and internationally. The Performance and Essential Materials segment offers polyethylene, styrene monomer, ethylene co-products, polyvinyl chloride (PVC), vinyl chloride monomer, ethylene dichloride chlor-alkali, chlorinated derivative products, and epoxy resins. The Housing and Infrastructure Products segment provides residential PVC siding; PVC trim and mouldings; architectural stone veneer; windows; PVC decking; PVC films for various inflatables, wallcovering, and tape and roofing applications; polymer composite and cement roof tiles; PVC pipes and fittings for various water, sewer, electrical, and industrial applications; PVC compounds used in various housing, medical, and automobile products; and consumer and commercial products, such as landscape edging; industrial, home, and office matting; marine dock edging; and masonry joint controls. The company offers its products to chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, wind turbines, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation operates as a subsidiary of TTWF LP.

WLK Stock Price History

WLK Stock News Headlines

X Mar 2024 52.000 call
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Decoding Westlake Corp (WLK): A Strategic SWOT Insight
KeyBanc Reaffirms Their Hold Rating on Westlake Chemical (WLK)
Westlake Swings To Q4 Profit, But Sales Decline
See More Headlines
Receive WLK Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Westlake and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 12/6 Dividend
11/20/2023
Dividend Payable
12/06/2023
Last Earnings
2/20/2024
Ex-Dividend for 3/14 Dividend
2/27/2024
Today
3/03/2024
Dividend Payable
3/14/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
Commodity Chemicals
CUSIP
96041310
Employees
15,920
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$131.31
High Stock Price Target
$150.00
Low Stock Price Target
$108.00
Potential Upside/Downside
-4.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.93
Research Coverage
14 Analysts

Profitability

Net Income
$479 million
Pretax Margin
5.58%

Debt

Sales & Book Value

Annual Sales
$12.55 billion
Cash Flow
$16.88 per share
Book Value
$83.95 per share

Miscellaneous

Free Float
33,208,000
Market Cap
$17.61 billion
Optionable
Optionable
Beta
1.30

Social Links

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report














WLK Stock Analysis - Frequently Asked Questions

Should I buy or sell Westlake stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last twelve months. There are currently 3 sell ratings, 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" WLK shares.
View WLK analyst ratings
or view top-rated stocks.

What is Westlake's stock price target for 2024?

14 brokers have issued 1 year price objectives for Westlake's shares. Their WLK share price targets range from $108.00 to $150.00. On average, they expect the company's share price to reach $131.31 in the next twelve months. This suggests that the stock has a possible downside of 4.4%.
View analysts price targets for WLK
or view top-rated stocks among Wall Street analysts.

How have WLK shares performed in 2024?

Westlake's stock was trading at $139.96 at the beginning of the year. Since then, WLK stock has decreased by 1.8% and is now trading at $137.38.
View the best growth stocks for 2024 here
.

Are investors shorting Westlake?

Westlake saw a decrease in short interest during the month of January. As of January 31st, there was short interest totaling 1,750,000 shares, a decrease of 10.7% from the January 15th total of 1,960,000 shares. Based on an average trading volume of 304,400 shares, the days-to-cover ratio is presently 5.7 days. Approximately 5.3% of the company's stock are sold short.
View Westlake's Short Interest
.

When is Westlake's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our WLK earnings forecast
.

How were Westlake's earnings last quarter?

Westlake Co. (NYSE:WLK) issued its quarterly earnings data on Tuesday, February, 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.81 by $0.09. The specialty chemicals company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.85 billion. Westlake had a net margin of 3.82% and a trailing twelve-month return on equity of 9.70%. The company's revenue for the quarter was down 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.79 EPS.

How often does Westlake pay dividends? What is the dividend yield for Westlake?

Westlake announced a quarterly dividend on Friday, February 16th. Investors of record on Wednesday, February 28th will be given a dividend of $0.50 per share on Thursday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Tuesday, February 27th.
Read our dividend analysis for WLK
.

Is Westlake a good dividend stock?

Westlake (NYSE:WLK) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.46%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 54.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WLK will have a dividend payout ratio of 22.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WLK.

When did Westlake's stock split?

Shares of Westlake split before market open on Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly issued shares were distributed to shareholders after the market closes on Tuesday, March 18th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Albert Chao's approval rating as Westlake's CEO?

60 employees have rated Westlake Chief Executive Officer Albert Chao on Glassdoor.com. Albert Chao has an approval rating of 91% among the company's employees. This puts Albert Chao in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 73.0% of employees surveyed would recommend working at Westlake to a friend.

What other stocks do shareholders of Westlake own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Westlake investors own include NVIDIA (NVDA), Home Depot (HD), Advanced Micro Devices (AMD), Boeing (BA), Micron Technology (MU), UnitedHealth Group (UNH), Mastercard (MA), Walmart (WMT), Broadcom (AVGO) and Costco Wholesale (COST).

Who are Westlake's major shareholders?

Westlake's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (2.64%), Victory Capital Management Inc. (2.55%), Capital World Investors (1.02%), Pacer Advisors Inc. (0.89%), Dimensional Fund Advisors LP (0.80%) and Goldman Sachs Group Inc. (0.54%). Insiders that own company stock include Albert Chao, David Tsung-Hung Chao, Johnathan Stevan Zoeller, L Benjamin Ederington, Mark Steven Bender, Robert F Buesinger and Roger L Kearns.
View institutional ownership trends
.

How do I buy shares of Westlake?

Shares of WLK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Westlake have any subsidiaries?
The following companies are subsidiares of Westlake: Axiall Canada Inc., Axiall Corporation, Axiall Holdco Inc., Axiall LLC, Axiall Limited Partnership, Axiall Noteco Inc., Axiall Taiwan Ltd., CertainTeed Corporation, Eagle Natrium LLC, Eagle Spinco Inc., Eagle US 2 LLC, Lagoon LLC, Nakan, North American Pipe Corporation, North American Specialty Products LLC, Plastic Trends Inc., Rome Acquisition Holding Corp., Rome Delaware Corp., Royal Building Products (USA) Inc., Royal Group Inc., Taiwan Chlorine Industries Ltd., Vinnolit Benelux-France B.V.B.A., Vinnolit GmbH & Co. KG, Vinnolit Holdings, Vinnolit Holdings GmbH, Vinnolit Italia S.r.L., Vinnolit Limited, Vinnolit Monomer Geschäftsführungs GmbH, Vinnolit Schkopau GmbH, Vinnolit Treuhand GmbH, WPT LLC, Westlake Chemical Finance Corporation, Westlake Chemical Investments Inc., Westlake Chemical OpCo LP, Westlake Chemical Partners GP LLC, Westlake Chemical Partners LP, Westlake Compounds LLC, Westlake Development Corporation, Westlake International Holdings Cooperatief U.A., Westlake International Holdings II C.V., Westlake International I B.V., Westlake Longview Corporation, Westlake Management Services Inc., Westlake Olefins LLC, Westlake Petrochemicals LLC, Westlake Polymers LLC, Westlake Styrene LLC, Westlake Switzerland GmbH, Westlake Vinyl Corporation, Westlake Vinyls Company LP, and Westlake Vinyls Inc..
Read More
This page (NYSE:WLK) was last updated on 3/3/2024 by MarketBeat.com Staff