Westlake (WLK) Stock Price, News & Analysis

$147.09
-2.81 (-1.87%)
(As of 11:09 AM ET)
Today's Range
$146.62
$149.22
50-Day Range
$132.81
$162.06
52-Week Range
$103.28
$162.64
Volume
66,342 shs
Average Volume
385,144 shs
Market Capitalization
$18.86 billion
P/E Ratio
39.75
Dividend Yield
1.36%
Price Target
$145.79

Westlake MarketRank™ Stock Analysis

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
2.7% Downside
$145.79 Price Target
Short Interest
Healthy
4.60% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.13
Upright™ Environmental Score
News Sentiment
0.95mentions of Westlake in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$1.92 M Sold Last Quarter
Proj. Earnings Growth
29.73%
From $6.93 to $8.99 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.

4.47 out of 5 stars

Basic Materials Sector

33rd out of 172 stocks

Industrial Organic Chemicals Industry

2nd out of 19 stocks

WLK stock logo

About Westlake Stock (NYSE:WLK)

Westlake Corporation engages in the manufacture and marketing of performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, Taiwan, and internationally. The company operates through two segments: Performance and Essential Materials and Housing and Infrastructure Products. The Performance and Essential Materials segment offers ethylene, polyethylene, styrene, chlorinated derivative products, ethylene dichloride, vinyl chloride monomer, polyvinyl chloride (PVC), epoxy specialty resins, and base epoxy resins and intermediaries, as well as chlor-alkali, such as chlorine and caustic soda. The Housing and Infrastructure Products segment provides residential PVC sidings; PVC trim and mouldings; architectural stone veneers; 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. It 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. Westlake Corporation 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

See this before next week's Fed meeting
See this before next week's Fed Meeting Doc Eifrig just released a new video detailing "the perilous moment Americans are in right now." Angry voters, mounting government debt, and blood in the streets… But he's got a way out – a unique way to come out on top no matter who wins this presidential election. (Last time we shared this, it led to a 995% gain.)
Westlake Corporation
See this before next week's Fed meeting
See this before next week's Fed Meeting Doc Eifrig just released a new video detailing "the perilous moment Americans are in right now." Angry voters, mounting government debt, and blood in the streets… But he's got a way out – a unique way to come out on top no matter who wins this presidential election. (Last time we shared this, it led to a 995% gain.)
Westlake Corporation (WLK)
Bank of America Upgrades Westlake (NYSE:WLK) to "Buy"
Validea Detailed Fundamental Analysis - WLK
Wells Fargo Keeps Their Buy Rating on Westlake Chemical (WLK)
WLK Oct 2024 140.000 call
See More Headlines
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Company Calendar

Last Earnings
2/20/2024
Ex-Dividend for 3/14 Dividend
2/27/2024
Dividend Payable
3/14/2024
Today
4/25/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
Commodity Chemicals
CUSIP
96041310
Employees
15,520
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$145.79
High Stock Price Target
$180.00
Low Stock Price Target
$108.00
Potential Upside/Downside
-2.7%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
15 Analysts

Profitability

Net Income
$479 million
Pretax Margin
5.58%

Debt

Sales & Book Value

Annual Sales
$12.55 billion
Cash Flow
$16.91 per share
Book Value
$84.00 per share

Miscellaneous

Free Float
126,533,000
Market Cap
$19.21 billion
Optionable
Optionable
Beta
1.30

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WLK Stock Analysis - Frequently Asked Questions

Should I buy or sell Westlake stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last year. There are currently 2 sell ratings, 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" WLK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WLK, but not buy additional shares or sell existing shares.
View WLK analyst ratings
or view top-rated stocks.

What is Westlake's stock price target for 2024?

15 analysts have issued 12-month price objectives for Westlake's stock. Their WLK share price targets range from $108.00 to $180.00. On average, they anticipate the company's share price to reach $145.79 in the next twelve months. This suggests that the stock has a possible downside of 2.7%.
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 start of the year. Since then, WLK stock has increased by 7.1% and is now trading at $149.86.
View the best growth stocks for 2024 here
.

When is Westlake's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our WLK earnings forecast
.

How can I listen to Westlake's earnings call?

Westlake will be holding an earnings conference call on Wednesday, May 1st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Westlake's earnings last quarter?

Westlake Co. (NYSE:WLK) released its quarterly earnings results on Tuesday, February, 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.09. The specialty chemicals company earned $2.83 billion during 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 business's revenue for the quarter was down 14.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.79 earnings per share.

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

Westlake announced a quarterly dividend on Friday, February 16th. Stockholders 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 annualized dividend and a dividend yield of 1.33%. 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 1.34%. 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 22.25% 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?

Westlake's stock split before market open on Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly created shares were payable to shareholders after the closing bell 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 Allspring Global Investments Holdings LLC (0.17%), Sumitomo Mitsui Trust Holdings Inc. (0.07%), Contravisory Investment Management Inc. (0.05%), Fort Pitt Capital Group LLC (0.02%), Nations Financial Group Inc. IA ADV (0.01%) and Louisiana State Employees Retirement System (0.01%). 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..
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This page (NYSE:WLK) was last updated on 4/25/2024 by MarketBeat.com Staff

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