Chao Albert, an insider at Westlake Corp (WLK), has made a significant move by purchasing 668,558 shares of the company at a price of $44.42 each. This transaction, valued at approximately $29.70 million, took place on December 21, 2025. Following this purchase, Albert holds a total of 668,558 shares in Westlake Corp.
Westlake Corp is a global diversified industrial company based in Houston, Texas, specializing in the manufacturing and supplying of essential products across various sectors, including housing, construction, and healthcare. The company operates in Asia, Europe, and North America, employing 15,540 full-time staff. With a market capitalization of $9.5 billion, Westlake has a trailing twelve-month earnings per share (EPS) of -7.46 and a remarkable dividend yield of 308.1%.
Insider buying often signals confidence among executives regarding their company's future. However, it's important to note that such transactions can stem from various personal or regulatory motivations. Investors are encouraged to consider insider activity as part of a broader analysis, examining trends across multiple insiders and timeframes rather than isolated instances.
In terms of upcoming earnings, Westlake Corp is set to report its next financial results on April 30, 2026, with an estimated EPS of -0.34 and revenue of $2.8 billion, followed by another report on August 3, 2026, projecting an EPS of $0.54 and revenue of $3.0 billion.