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Westlake Stock Price, News & Analysis (NYSE:WLK)

$128.76
+1.35 (+1.06%)
(As of 11/29/2023 ET)
Compare
Today's Range
$128.17
$129.91
50-Day Range
$113.17
$130.02
52-Week Range
$98.05
$138.39
Volume
286,384 shs
Average Volume
483,186 shs
Market Capitalization
$16.50 billion
P/E Ratio
13.77
Dividend Yield
1.55%
Price Target
$128.71

Westlake MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.87 Rating Score
Upside/​Downside
0.0% Downside
$128.71 Price Target
Short Interest
Healthy
7.67% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.70
Upright™ Environmental Score
News Sentiment
0.00mentions of Westlake in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$550,058 Sold Last Quarter
Proj. Earnings Growth
-12.66%
From $8.45 to $7.38 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.61 out of 5 stars

Basic Materials Sector

144th out of 166 stocks

Industrial Organic Chemicals Industry

13th out of 18 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 is a subsidiary of TTWF LP.

WLK Stock Price History

WLK Stock News Headlines

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Westlake (NYSE:WLK) PT Raised to $150.00 at Piper Sandler
Westlake (WLK) Declares $0.50 Dividend
Westlake Corp's Dividend Analysis
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Westlake Co. (NYSE:WLK) EVP Sells $550,057.50 in Stock
Westlake Corporation Reports Third Quarter 2023 Results
Wells Fargo Reaffirms Their Buy Rating on Westlake Chemical (WLK)
Piper Sandler Keeps Their Buy Rating on Westlake Chemical (WLK)
See More Headlines
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Company Calendar

Ex-Dividend for 9/12 Dividend
8/24/2023
Dividend Payable
9/12/2023
Last Earnings
11/02/2023
Ex-Dividend for 12/6 Dividend
11/20/2023
Today
11/29/2023
Dividend Payable
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/20/2024

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
$128.71
High Stock Price Target
$150.00
Low Stock Price Target
$108.00
Potential Upside/Downside
0.0%
Consensus Rating
Reduce
Rating Score (0-4)
1.87
Research Coverage
15 Analysts

Profitability

Net Income
$2.25 billion
Pretax Margin
12.00%

Debt

Sales & Book Value

Annual Sales
$15.79 billion
Cash Flow
$25.91 per share
Book Value
$88.07 per share

Miscellaneous

Free Float
33,189,000
Market Cap
$16.50 billion
Optionable
Optionable
Beta
1.28

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WLK Stock Analysis - Frequently Asked Questions

Should I buy or sell Westlake stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last year. There are currently 4 sell ratings, 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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?

15 analysts have issued 12 month price targets 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 $128.71 in the next year. This suggests that the stock has a possible downside of 0.0%.
View analysts price targets for WLK
or view top-rated stocks among Wall Street analysts.

How have WLK shares performed in 2023?

Westlake's stock was trading at $102.54 at the beginning of the year. Since then, WLK stock has increased by 25.6% and is now trading at $128.76.
View the best growth stocks for 2023 here
.

When is Westlake's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our WLK earnings forecast
.

How were Westlake's earnings last quarter?

Westlake Co. (NYSE:WLK) posted its quarterly earnings results on Thursday, November, 2nd. The specialty chemicals company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.92 by $0.28. The specialty chemicals company earned $3.12 billion during the quarter, compared to analyst estimates of $3.33 billion. Westlake had a net margin of 9.28% and a trailing twelve-month return on equity of 11.07%.

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

Westlake declared a quarterly dividend on Friday, November 10th. Investors of record on Tuesday, November 21st will be given a dividend of $0.50 per share on Wednesday, December 6th. This represents a $2.00 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, November 20th. This is an increase from the stock's previous quarterly dividend of $0.36.
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 1.56%. 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 21.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WLK will have a dividend payout ratio of 27.10% 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 on the morning of Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly issued shares were payable 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 variety of retail and institutional investors. Top institutional investors include FMR LLC (3.61%), Victory Capital Management Inc. (2.64%), Mirae Asset Global Investments Co. Ltd. (0.53%), Federated Hermes Inc. (0.32%), Bank of New York Mellon Corp (0.29%) and Charles Schwab Investment Management Inc. (0.27%). Insiders that own company stock include Albert Chao, David Tsung-Hung Chao, Johnathan Stevan Zoeller, L Benjamin Ederington, Lawrence E Teel, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 11/29/2023 by MarketBeat.com Staff

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