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Westlake Corporation (NYSE:WLK) Receives Average Recommendation of “Hold” from Analysts
Defense World· 2026-03-28 07:00
Core Viewpoint - Westlake Corporation has received various analyst ratings, with a mix of buy, hold, and outperform recommendations, indicating a generally positive outlook despite recent stock performance fluctuations [1][7]. Financial Performance - Westlake reported a quarterly earnings loss of $0.25 per share, surpassing analysts' expectations of a loss of $1.47 by $1.22. The company's revenue for the quarter was $2.53 billion, slightly below the consensus estimate of $2.61 billion, marking a year-over-year revenue decline of 10.9% [3]. - The company has a market capitalization of $14.48 billion, a PE ratio of -9.67, and a beta of 0.83. Its 50-day and 200-day simple moving averages are $99.39 and $83.07, respectively. The stock has a 52-week low of $56.33 and a high of $116.46 [2]. Dividend Information - Westlake declared a quarterly dividend of $0.53 per share, with an annualized dividend of $2.12, resulting in a dividend yield of 1.9%. The payout ratio stands at -18.12% [4]. Insider Activity - CFO Mark Steven Bender sold 17,409 shares at an average price of $100.92, totaling approximately $1.76 million. This sale reduced his holdings by 28.15% [5]. Institutional Investment - Institutional investors have shown varied interest in Westlake, with notable transactions including Norges Bank acquiring a stake valued at approximately $104.31 million and Citigroup increasing its stake by 61.3% [6][8]. Currently, institutional investors hold 28.40% of the company's stock [8]. Company Profile - Westlake Corporation is a global manufacturer specializing in petrochemicals, polymers, and building products, primarily producing vinyls and chlor-alkali products. The company operates a network of vertically integrated plants and distribution centers across North America, Europe, and Asia [9][10].