Westlake Corp
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]
45% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 47
20% more repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 121
5% more funds holding
Funds holding: 378 [Q2] → 396 (+18) [Q3]
1% more capital invested
Capital invested by funds: $4.98B [Q2] → $5.01B (+$31.4M) [Q3]
0.81% less ownership
Funds ownership: 26.76% [Q2] → 25.96% (-0.81%) [Q3]
74% less call options, than puts
Call options by funds: $25.3M | Put options by funds: $97.7M
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$130
10%
upside
Avg. target
$148
26%
upside
High target
$167
42%
upside
8 analyst ratings
5 positive
63%
3 neutral
38%
0 negative
0%
Morgan Stanley Neel Kumar 0 / 0 met price target | 10%upside $130 | Equal-Weight Maintained | 13 Jan 2025 |
UBS Joshua Spector 59% 1-year accuracy 19 / 32 met price target | 22%upside $144 | Buy Upgraded | 10 Jan 2025 |
Piper Sandler Charles Neivert 40% 1-year accuracy 17 / 42 met price target | 14%upside $135 | Overweight Maintained | 7 Jan 2025 |
Citigroup Patrick Cunningham 41% 1-year accuracy 13 / 32 met price target | 19%upside $140 | Buy Upgraded | 18 Dec 2024 |
BMO Capital John McNulty 42% 1-year accuracy 20 / 48 met price target | 40%upside $165 | Market Perform Maintained | 13 Nov 2024 |
Financial journalist opinion
Positive
Seeking Alpha
4 days ago
Westlake Chemical Partners: A Stable Dividend Stock For An 8% Yield
Westlake Chemical Partners offers a high dividend and is fairly priced, driven by steady ethylene demand and strong financial performance. Q3'24 results showed increased earnings due to higher ethylene prices and production volumes, with a solid balance sheet and covered dividends. Risks include dependency on Westlake Corporation and industry shifts away from ethylene, though mitigated by long-term agreements and market growth projections.
Positive
Benzinga
1 week ago
Top 3 Materials Stocks That Are Set To Fly This Month
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
Positive
Zacks Investment Research
1 month ago
Westlake's Unit Announces Investment in Universal Matter
The investment by WLK is driven by its continuous efforts to develop a sustainable future.
Neutral
Zacks Investment Research
1 month ago
Westlake Royal Building Products Launches Dryroll Ridge Vent
WLK introduces Dryroll ridge vent as a cutting-edge solution, which optimizes roof protection and attic ventilation.
Neutral
Business Wire
1 month ago
Westlake Royal Building Products™ Introduces Tapco Tape™ Accessory for Tapco Tools® Brakes
HOUSTON--(BUSINESS WIRE)--Westlake Royal Building Products™ (“Westlake Royal”), a Westlake company (NYSE:WLK), has launched Tapco Tape™, a measuring accessory that speeds custom bends and cuts on Tapco Tools® siding and trim brakes. Tapco Tape attaches easily to a Tapco Tools brake to provide an instant scale for bends and cut-offs, allowing users to measure from the brake anvil and with a 1.5" offset for use with the Pro-Cutoff without using a standalone tape measure. With the Tapco Tape in pl.
Neutral
Business Wire
1 month ago
Westlake Innovations Invests in Universal Matter
HOUSTON--(BUSINESS WIRE)--Westlake Innovations, Inc., a subsidiary of Westlake Corporation (NYSE: WLK), today announced the company has invested in Universal Matter, Inc. The Burlington, Ontario-based company's vision is to become the leading supplier of high-quality and sustainable graphene and advanced materials to help decarbonize the planet. Westlake's action builds upon the company's commitment to helping develop a more sustainable future through continuous improvement its own manufacturin.
Neutral
Business Wire
1 month ago
Westlake Royal Building Products Introduces Dryroll™ Universal Ridge Vent and Weather Block
HOUSTON--(BUSINESS WIRE)--Westlake Royal Building Products™ (Westlake Royal), a Westlake company (NYSE: WLK), has introduced Dryroll™, a universal ridge vent and weather block. Designed to safeguard the roof from the elements, the ridge vent solution also helps to exhaust heat and moisture from the roof. With rollable installation, the product blends smoothly with the roof and reduces unappealing field vents and roof penetrations. “Dryroll ridge vent is a cutting-edge solution, which optimizes.
Neutral
Business Wire
1 month ago
Westlake Corporation Appoints New Director to its Board
HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) today announced that Mr. Roger A. Cregg has been appointed to the company's board of directors. Mr. Cregg succeeds Mr. Marius A. Haas who, as previously disclosed, informed the board that he intended to retire from the board effective upon the appointment of his successor. Mr. Haas' retirement from the board was effective on December 10, 2024. “We are delighted that Roger has agreed to join our board,” said Westlake Corporation Executiv.
Neutral
Business Wire
1 month ago
Westlake Releases 2023 Sustainability Report
HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) today released its 2023 Sustainability Report, the company's seventh voluntary annual update on sustainability innovations in products and continuous improvement in operations. The report also expands on the Company's contributions to local communities as well as advancements in employee collaboration and professional development. “We believe great ideas and innovations start with listening. Some of our greatest successes and operationa.
Neutral
Business Wire
2 months ago
Westlake Corporation Declares Quarterly Dividend
HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Corporation (NYSE: WLK) today declared a regular dividend distribution of $0.525 per share for the third quarter of 2024. This dividend will be payable on December 12, 2024, to stockholders of record on November 26, 2024. Westlake announced its first dividend on November 11, 2004 and has successively been paying and increasing its dividend for the past 20 years. The statements in this release that are not historical facts, including s.
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