Westlake (NYSE: WLK) has recently received a number of price target changes and ratings updates:
- 10/16/2026 – Westlake had its price target lowered by JPMorgan Chase & Co. from $80.00 to $65.00. They now have a “neutral” rating on the stock.
- 10/15/2026 – Westlake had its “sell (d)” rating reaffirmed by Weiss Ratings.
- 10/13/2026 – Westlake had its price target lowered by Royal Bank Of Canada from $95.00 to $74.00. They now have an “outperform” rating on the stock.
- 10/12/2026 – Westlake is now covered by Barclays PLC. They set an “underweight” rating and a $66.00 price target on the stock.
- 10/12/2026 – Westlake was upgraded by Barclays PLC to “strong sell”.
- 10/5/2026 – Westlake had its “neutral” rating reaffirmed by Citigroup Inc.. They now have a $67.00 price target on the stock, down from $85.00.
- 10/5/2026 – Westlake was given a new $86.00 price target by UBS Group AG. They now have a “buy” rating on the stock.
- 10/1/2026 – Westlake was given a new $72.00 price target by Mizuho.
- 10/1/2026 – Westlake had its price target lowered by Truist Financial Corporation from $104.00 to $90.00. They now have a “buy” rating on the stock.
- 10/1/2026 – Westlake had its price target lowered by Wells Fargo & Company from $89.00 to $68.00. They now have an “equal weight” rating on the stock.
- 9/30/2026 – Westlake had its price target lowered by Citigroup Inc. from $85.00 to $67.00. They now have a “neutral” rating on the stock.
- 9/25/2026 – Westlake was given a new $98.00 price target by UBS Group AG. They now have a “buy” rating on the stock.
- 9/11/2026 – Westlake is now covered by KeyCorp. They set an “overweight” rating and a $92.00 price target on the stock.
- 9/10/2026 – Westlake is now covered by KeyCorp. They set an “overweight” rating and a $92.00 price target on the stock.
- 8/25/2026 – Westlake was upgraded by Zacks Research from “strong sell” to “hold”.
Westlake Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, August 25th were given a $0.5330 dividend. This is a boost from Westlake’s previous quarterly dividend of $0.53. This represents a $2.13 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, August 25th. Westlake’s dividend payout ratio (DPR) is presently -22.23%.
Insider Transactions at Westlake
In other news, Chairman Albert Chao sold 38,873 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $80.28, for a total transaction of $3,120,724.44. Following the sale, the chairman directly owned 642,880 shares in the company, valued at approximately $51,610,406.40. This represents a 5.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by insiders.
Westlake Corporation is a global manufacturer of performance and essential materials, as well as products used in housing and infrastructure. Headquartered in Houston, Texas, the company serves customers in construction, packaging, healthcare, consumer products, automotive, and other industrial markets.
Westlake’s materials portfolio includes chlor-alkali and derivative chemicals, polyethylene, PVC, vinyl intermediates, epoxy resins, and other specialty products. These materials are used in applications such as water treatment, coatings, adhesives, plastics, medical products, and packaging.
Through its housing and infrastructure businesses, Westlake also produces building products including vinyl siding, trim, roofing products, pipe, fittings, and related components.
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