Westinghouse Air Brake Technologies Co. (NYSE:WAB) Receives $158.82 Average Target Price from Analysts

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) have been given an average rating of “Moderate Buy” by the eleven research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $158.82.

Several equities analysts have weighed in on the stock. KeyCorp raised their target price on shares of Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. TD Cowen lifted their price target on shares of Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. The Goldman Sachs Group lifted their price target on shares of Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the stock a “neutral” rating in a report on Tuesday, June 4th. Stephens lifted their price target on shares of Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Finally, Susquehanna lifted their price target on shares of Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the company a “positive” rating in a research report on Thursday, April 25th.

Westinghouse Air Brake Technologies Stock Performance

Shares of WAB opened at $157.94 on Friday. The company has a 50-day simple moving average of $163.97 and a 200-day simple moving average of $145.43. The company has a quick ratio of 0.77, a current ratio of 1.52 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $27.86 billion, a PE ratio of 30.85, a P/E/G ratio of 1.42 and a beta of 1.32. Westinghouse Air Brake Technologies has a 52-week low of $98.70 and a 52-week high of $170.83.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Westinghouse Air Brake Technologies had a net margin of 9.20% and a return on equity of 11.25%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the firm posted $1.28 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. Equities research analysts predict that Westinghouse Air Brake Technologies will post 7.26 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 15.63%.

Insider Activity

In other news, insider Rogerio Mendonca sold 3,965 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $160.75, for a total value of $637,373.75. Following the completion of the transaction, the insider now directly owns 12,464 shares in the company, valued at $2,003,588. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Gregory Sbrocco sold 1,646 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $167.30, for a total value of $275,375.80. Following the sale, the executive vice president now directly owns 16,666 shares of the company’s stock, valued at $2,788,221.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Rogerio Mendonca sold 3,965 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $160.75, for a total transaction of $637,373.75. Following the completion of the sale, the insider now directly owns 12,464 shares in the company, valued at $2,003,588. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,476 shares of company stock worth $7,689,609. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Westinghouse Air Brake Technologies

Several institutional investors have recently added to or reduced their stakes in WAB. Dorsey & Whitney Trust CO LLC acquired a new stake in Westinghouse Air Brake Technologies in the first quarter valued at $204,000. V Square Quantitative Management LLC acquired a new stake in shares of Westinghouse Air Brake Technologies during the third quarter worth $204,000. First Hawaiian Bank raised its holdings in shares of Westinghouse Air Brake Technologies by 49.1% during the fourth quarter. First Hawaiian Bank now owns 3,542 shares of the transportation company’s stock worth $449,000 after purchasing an additional 1,167 shares during the period. Greenleaf Trust raised its holdings in shares of Westinghouse Air Brake Technologies by 4.3% during the first quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock worth $466,000 after purchasing an additional 133 shares during the period. Finally, Industrial Alliance Investment Management Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies during the third quarter worth $498,000. 91.69% of the stock is owned by institutional investors and hedge funds.

About Westinghouse Air Brake Technologies

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.