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 6,809 funds
0
Analysts bullish %
of 7 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]
36% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 50
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: $4.97B [Q2] → $5B (+$31.1M) [Q3]
0.81% less ownership
Funds ownership: 26.67% [Q2] → 25.87% (-0.81%) [Q3]
74% less call options, than puts
Call options by funds: $25.3M | Put options by funds: $97.7M
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$140
24%
upside
Avg. target
$159
41%
upside
High target
$180
59%
upside
7 analyst ratings
4 positive
57%
3 neutral
43%
0 negative
0%
Citigroup Patrick Cunningham 50% 1-year accuracy 16 / 32 met price target | 24%upside $140 | Buy Upgraded | 18 Dec 2024 |
BMO Capital John McNulty 42% 1-year accuracy 20 / 48 met price target | 46%upside $165 | Market Perform Maintained | 13 Nov 2024 |
RBC Capital Arun Viswanathan 29% 1-year accuracy 20 / 70 met price target | 47%upside $167 | Outperform Maintained | 11 Nov 2024 |
UBS Joshua Raskin 0 / 0 met price target | 27%upside $144 | Neutral Maintained | 6 Nov 2024 |
Wells Fargo Michael Sison 11% 1-year accuracy 4 / 38 met price target | 41%upside $160 | Overweight Maintained | 6 Nov 2024 |
Financial journalist opinion
Based on 7 articles about WLK published over the past 30 days
Positive
Zacks Investment Research
1 day 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
3 days 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
4 days 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
4 days 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
5 days 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 week 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
3 weeks 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
1 month 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.
Negative
Zacks Investment Research
1 month ago
Westlake's Q3 Earnings and Revenues Miss Estimates on Lower Volumes
WLK sees lower sequential sales in Q3 as lower sales volume more than offset an increase in average sales prices.
Neutral
Business Wire
1 month ago
Westlake Royal Building Products™ Expands Partnership with Alexandria Moulding for Versetta Stone® Distribution
HOUSTON--(BUSINESS WIRE)--Westlake Royal Building Products™ (“Westlake Royal”), a Westlake company (NYSE:WLK), today announced an expanded partnership with Alexandria Moulding, a leading moulding manufacturer and distributor of specialty building products in North America. To strengthen Westlake Royal's distribution in Canada, Alexandria Moulding will now stock and distribute Versetta Stone®, a mortarless, cement-based stone veneer siding panel, at its locations in Alexandria, Ontario, Calgary,.
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