Westlake CorpWLK
Market Cap: $18.2B
About: Westlake Corp is a manufacturer and supplier of chemicals, polymers and building products. Its Performance and Essential Materials segment offers a wide range of essential building blocks for making products utilized in everyday living, including olefins, vinyl chemicals, polyethylene, and epoxies. Its Housing and Infrastructure Products segment produces key finished goods for building products, pipe and fittings, and global compounds businesses.
Employees: 15,520
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
119% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 31
110% more call options, than puts
Call options by funds: $49.8M | Put options by funds: $23.7M
11% more funds holding
Funds holding: 339 [Q1] → 376 (+37) [Q2]
0.54% less ownership
Funds ownership: 26.87% [Q1] → 26.33% (-0.54%) [Q2]
6% less repeat investments, than reductions
Existing positions increased: 123 | Existing positions reduced: 131
6% less capital invested
Capital invested by funds: $5.24B [Q1] → $4.9B (-$338M) [Q2]
67% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 1 (-2) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Piper Sandler Charles Neivert 62% 1-year accuracy 21 / 34 met price target | 20%upside $170 | Overweight Maintained | 5 Sept 2024 |
RBC Capital Arun Viswanathan 56% 1-year accuracy 34 / 61 met price target | 23%upside $174 | Outperform Upgraded | 23 Aug 2024 |
JP Morgan Jeffrey Zekauskas 71% 1-year accuracy 25 / 35 met price target | 5%downside $135 | Underweight Maintained | 15 Aug 2024 |
BMO Capital John McNulty 63% 1-year accuracy 24 / 38 met price target | 21%upside $171 | Market Perform Maintained | 13 Aug 2024 |
Mizuho John Roberts 59% 1-year accuracy 16 / 27 met price target | 20%upside $170 | Outperform Initiated | 8 Aug 2024 |