Mark Bender, the Executive Vice President and Chief Financial Officer of Westlake Corp (WLK, Financial), has sold 4,854 shares of the company on February 26, 2024, according to a recent SEC filing. The transaction was executed at an average price of $137.57 per share, resulting in a total value of $667,780.78.
Westlake Corp is a global manufacturer and supplier of materials and innovative products that enhance life every day. The company operates in two segments, Olefins and Vinyls, and is known for its portfolio of brands that includes a wide range of products such as polyethylene, polyvinyl chloride, and building products.
Over the past year, Mark Bender has engaged in the sale of 4,854 shares and has not made any purchases of Westlake Corp stock. The insider transaction history for Westlake Corp shows no insider buys in the past year, while there have been 3 insider sells in the same period.
On the day of the insider's recent sale, Westlake Corp shares were trading at $137.57, giving the company a market capitalization of $17.495 billion. The price-earnings ratio of the company stands at 36.88, which is above the industry median of 21.86 and also higher than the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.17, indicating that Westlake Corp is modestly overvalued according to the GF Value. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at Westlake Corp.
The GF Value image above provides a visual representation of Westlake Corp's current valuation in relation to its intrinsic value estimate.
For more detailed information and analysis on insider trades and the company's financials, subscribers can access additional resources on gurufocus.com.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
