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NYSE:WLK

Westlake (WLK) Stock Price, News & Analysis

Westlake logo
$113.23 -0.08 (-0.07%)
(As of 12/20/2024 04:34 PM ET)

About Westlake Stock (NYSE:WLK)

Key Stats

Today's Range
$112.63
$114.76
50-Day Range
$113.23
$144.13
52-Week Range
$112.63
$162.64
Volume
1.29 million shs
Average Volume
465,382 shs
Market Capitalization
$14.57 billion
P/E Ratio
159.48
Dividend Yield
1.85%
Price Target
$159.83
Consensus Rating
Hold

Company Overview

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.

Westlake Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
95th Percentile Overall Score

WLK MarketRank™: 

Westlake scored higher than 95% of companies evaluated by MarketBeat, and ranked 24th out of 192 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Westlake has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 7 buy ratings, 5 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Westlake has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Westlake's stock forecast and price target.
  • Earnings Growth

    Earnings for Westlake are expected to grow by 17.16% in the coming year, from $6.47 to $7.58 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Westlake is 159.48, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 113.36.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Westlake is 159.48, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 112.85.

  • Price to Earnings Growth Ratio

    Westlake has a PEG Ratio of 2.31. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Westlake has a P/B Ratio of 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    3.89% of the float of Westlake has been sold short.
  • Short Interest Ratio / Days to Cover

    Westlake has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Westlake has recently increased by 6.56%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Westlake pays a meaningful dividend of 1.85%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Westlake has been increasing its dividend for 21 years.

  • Dividend Coverage

    The dividend payout ratio of Westlake is 295.77%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Westlake will have a dividend payout ratio of 27.70% next year. This indicates that Westlake will be able to sustain or increase its dividend.

  • Read more about Westlake's dividend.
  • Percentage of Shares Shorted

    3.89% of the float of Westlake has been sold short.
  • Short Interest Ratio / Days to Cover

    Westlake has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Westlake has recently increased by 6.56%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Westlake has a news sentiment score of 0.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for Westlake this week, compared to 7 articles on an average week.
  • Search Interest

    Only 1 people have searched for WLK on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Westlake to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Westlake insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $453,390.00 in company stock.

  • Percentage Held by Insiders

    74.10% of the stock of Westlake is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 28.40% of the stock of Westlake is held by institutions.

  • Read more about Westlake's insider trading history.
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WLK Stock News Headlines

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Westlake (NYSE:WLK) Raised to "Buy" at Citigroup
Citigroup Upgrades Westlake (WLK)
Westlake upgraded to Buy from Neutral at Citi
See More Headlines

WLK Stock Analysis - Frequently Asked Questions

Westlake's stock was trading at $139.96 on January 1st, 2024. Since then, WLK shares have decreased by 19.1% and is now trading at $113.23.
View the best growth stocks for 2024 here
.

Westlake Co. (NYSE:WLK) announced its quarterly earnings results on Tuesday, November, 5th. The specialty chemicals company reported $1.41 earnings per share for the quarter, missing analysts' consensus estimates of $2.21 by $0.80. The business's revenue for the quarter was up .1% compared to the same quarter last year.

Westlake shares split before market open on Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly minted shares were distributed 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.

Westlake subsidiaries include Nakan, Axiall Corporation, Vinnolit Holdings, CertainTeed Corporation, Axiall Canada Inc., Axiall Holdco Inc., Axiall Limited Partnership, and more.

Westlake's top institutional investors include Victory Capital Management Inc. (2.13%), FMR LLC (2.12%), State Street Corp (0.93%) and Jacobs Levy Equity Management Inc. (0.46%). 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
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Westlake investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC), AUO (AUOTY) and Humana (HUM).

Company Calendar

Last Earnings
11/05/2024
Ex-Dividend for 12/12 Dividend
11/26/2024
Dividend Payable
12/12/2024
Today
12/22/2024
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
$159.83
High Stock Price Target
$180.00
Low Stock Price Target
$135.00
Potential Upside/Downside
+41.2%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
13 Analysts

Profitability

Net Income
$479 million
Pretax Margin
2.34%

Debt

Sales & Book Value

Annual Sales
$12.13 billion
Cash Flow
$16.02 per share
Book Value
$84.00 per share

Miscellaneous

Free Float
33,335,000
Market Cap
$14.57 billion
Optionable
Optionable
Beta
1.16

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This page (NYSE:WLK) was last updated on 12/22/2024 by MarketBeat.com Staff
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