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NYSE:WLK

Westlake (WLK) Stock Price, News & Analysis

$135.01
-1.43 (-1.05%)
(As of 09/6/2024 ET)
Today's Range
$134.34
$138.15
50-Day Range
$133.49
$151.09
52-Week Range
$112.77
$162.64
Volume
690,878 shs
Average Volume
429,748 shs
Market Capitalization
$17.36 billion
P/E Ratio
67.84
Dividend Yield
1.56%
Price Target
$166.00

Westlake MarketRank™ Stock Analysis

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
23.0% Upside
$166.00 Price Target
Short Interest
Healthy
3.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.16
Upright™ Environmental Score
News Sentiment
0.44mentions of Westlake in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
22.16%
From $6.95 to $8.49 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.

4.50 out of 5 stars

Basic Materials Sector

31st out of 180 stocks

Industrial Organic Chemicals Industry

3rd 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

Piper Sandler Cuts Westlake (NYSE:WLK) Price Target to $170.00
Piper Sandler Sticks to Its Buy Rating for Westlake Chemical (WLK)
The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
Brokerages Set Westlake Co. (NYSE:WLK) PT at $166.83
The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
Westlake (NYSE:WLK) Lifted to Outperform at Royal Bank of Canada
Westlake (NYSE:WLK) Upgraded at StockNews.com
Westlake (NYSE:WLK) Upgraded at Royal Bank of Canada
RBC Capital Upgrades Westlake (WLK)
11 Upcoming Dividend Increases Including A King
See More Headlines
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Company Calendar

Last Earnings
8/06/2024
Ex-Dividend for 9/5 Dividend
8/20/2024
Dividend Payable
9/05/2024
Today
9/07/2024
Next Earnings (Estimated)
11/07/2024
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
$166.00
High Stock Price Target
$180.00
Low Stock Price Target
$135.00
Potential Upside/Downside
+22.8%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
14 Analysts

Profitability

Net Income
$479 million
Pretax Margin
3.83%

Debt

Sales & Book Value

Annual Sales
$12.12 billion
Cash Flow
$16.58 per share
Book Value
$86.28 per share

Miscellaneous

Free Float
33,300,000
Market Cap
$17.38 billion
Optionable
Optionable
Beta
1.18

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WLK Stock Analysis - Frequently Asked Questions

How have WLK shares performed this year?

Westlake's stock was trading at $139.96 at the beginning of the year. Since then, WLK shares have decreased by 3.5% and is now trading at $135.01.
View the best growth stocks for 2024 here
.

How were Westlake's earnings last quarter?

Westlake Co. (NYSE:WLK) announced its quarterly earnings data on Tuesday, August, 6th. The specialty chemicals company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.41. The business's revenue was down 1.4% on a year-over-year basis.

When did Westlake's stock split?

Westlake shares split on the morning of Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly created shares were issued 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.

Does Westlake have any subsidiaries?

The following companies are subsidiaries of Westlake: Nakan, Axiall Corporation, Vinnolit Holdings, CertainTeed Corporation, Axiall Canada Inc., Axiall Holdco Inc., Axiall Limited Partnership, and others.

Who are Westlake's major shareholders?

Westlake's top institutional shareholders include Victory Capital Management Inc. (2.21%), Dimensional Fund Advisors LP (0.72%), Bank of New York Mellon Corp (0.26%) and Merewether Investment Management LP (0.17%). Insiders that own company stock include Albert Chao, Mark Steven Bender, L Benjamin Ederington, Roger L Kearns, Robert F Buesinger, David Tsung-Hung Chao and Johnathan Stevan Zoeller.
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.

What other stocks do shareholders of Westlake own?

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

This page (NYSE:WLK) was last updated on 9/7/2024 by MarketBeat.com Staff

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