5 Best Rubber and Plastics Stocks To Buy

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In this article, we discuss 5 best rubber and plastics stocks to buy. If you want to read our detailed discussion on the rubber and plastics industry, head directly to 10 Best Rubber and Plastics Stocks to Buy

5. Westlake Corporation (NYSE:WLK)

Number of Hedge Fund Holders: 28

Westlake Corporation (NYSE:WLK) is a Texas-based company that manufactures and markets performance and essential materials. The company produces semi-finished thermoplastic products, petrochemicals, polymers, and fabricated building products. It is one of the best rubber and plastic stocks to invest in. On May 4, Westlake Corporation (NYSE:WLK) reported a Q1 GAAP EPS of $3.05, beating market consensus by $0.99. The revenue of $3.36 billion, however, fell short of Wall Street estimates by $50 million. The company also paid a $0.357 per share quarterly dividend to shareholders on June 7. 

According to Insider Monkey’s first quarter database, 28 hedge funds were bullish on Westlake Corporation (NYSE:WLK), compared to 27 funds in the last quarter. William B. Gray’s Orbis Investment Management is the largest stakeholder of the company, with 2 million shares worth $239 million. 

Follow Westlake Corp (NYSE:WLK)

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