Westlake (WLK) Stock Price, News & Analysis

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last year. There are currently 3 sell ratings, 10 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" WLK shares.
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15 brokerages have issued 1 year price targets for Westlake's shares. Their WLK share price targets range from $108.00 to $180.00. On average, they anticipate the company's stock price to reach $138.79 in the next year. This suggests that the stock has a possible downside of 6.6%.
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Westlake's stock was trading at $139.96 at the beginning of 2024. Since then, WLK shares have increased by 6.1% and is now trading at $148.55.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our WLK earnings forecast.

Westlake Co. (NYSE:WLK) issued its earnings results on Tuesday, February, 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.81 by $0.09. The specialty chemicals company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.85 billion. Westlake had a net margin of 3.82% and a trailing twelve-month return on equity of 9.70%. Westlake's quarterly revenue was down 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.79 earnings per share.

Westlake declared a quarterly dividend on Friday, February 16th. Investors of record on Wednesday, February 28th will be given a dividend of $0.50 per share on Thursday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Tuesday, February 27th.
Read our dividend analysis for WLK.

Westlake (NYSE:WLK) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.30%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 54.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WLK will have a dividend payout ratio of 22.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WLK.

ETFs with the largest weight of Westlake (NYSE:WLK) stock in their portfolio include First Trust Materials AlphaDEX Fund (FXZ), First Trust Dorsey Wright Momentum & Value ETF (DVLU), Inspire Faithward Mid Cap Momentum ETF (GLRY), iShares Focused Value Factor ETF (FOVL), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Pacer US Cash Cows Growth ETF (BUL), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) and Proshares Equities For Rising Rates ETF (EQRR).

Westlake's stock split before market open on Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly created shares were payable 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.

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.

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

Westlake's stock is owned by many different institutional and retail investors. Top institutional shareholders include Contravisory Investment Management Inc. (0.05%), Fort Pitt Capital Group LLC (0.02%), Wealthcare Advisory Partners LLC (0.01%), Alaska Permanent Fund Corp (0.01%), Gulf International Bank UK Ltd (0.00%) and BTC Capital Management Inc. (0.00%). Insiders that own company stock include Albert Chao, David Tsung-Hung Chao, Johnathan Stevan Zoeller, L Benjamin Ederington, Mark Steven Bender, Robert F Buesinger and Roger L Kearns.
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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.
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