Westinghouse Air Brake Technologies Co. (NYSE:WAB) Receives $163.90 Consensus Price Target from Brokerages

Westinghouse Air Brake Technologies Co. (NYSE:WAB) has been assigned an average rating of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $163.90.

A number of research analysts have issued reports on the company. KeyCorp boosted their price target on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Stephens boosted their price target on Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Bank of America boosted their price target on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Susquehanna boosted their price target on Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the company a “positive” rating in a report on Thursday, April 25th. Finally, The Goldman Sachs Group upped their target price on Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 4th.

Westinghouse Air Brake Technologies Price Performance

Shares of NYSE WAB opened at $159.31 on Friday. The business’s 50 day moving average price is $159.86 and its 200 day moving average price is $153.39. The firm has a market cap of $27.91 billion, a P/E ratio of 31.12, a P/E/G ratio of 1.30 and a beta of 1.29. Westinghouse Air Brake Technologies has a 52 week low of $98.70 and a 52 week high of $170.83. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 0.33.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its earnings results on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.08. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the firm earned $1.41 earnings per share. Westinghouse Air Brake Technologies’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, sell-side analysts expect that Westinghouse Air Brake Technologies will post 7.42 earnings per share for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Wednesday, August 14th. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 15.63%.

Insider Activity at Westinghouse Air Brake Technologies

In related news, EVP Nicole B. Theophilus sold 4,801 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $154.64, for a total value of $742,426.64. Following the completion of the transaction, the executive vice president now directly owns 15,608 shares of the company’s stock, valued at approximately $2,413,621.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Westinghouse Air Brake Technologies news, CTO Eric Gebhardt sold 7,422 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $156.32, for a total value of $1,160,207.04. Following the completion of the sale, the chief technology officer now directly owns 22,411 shares in the company, valued at approximately $3,503,287.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Nicole B. Theophilus sold 4,801 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $154.64, for a total value of $742,426.64. Following the completion of the sale, the executive vice president now owns 15,608 shares of the company’s stock, valued at $2,413,621.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,223 shares of company stock valued at $2,064,254. 1.10% of the stock is owned by insiders.

Institutional Trading of Westinghouse Air Brake Technologies

Several large investors have recently added to or reduced their stakes in WAB. Massmutual Trust Co. FSB ADV grew its holdings in Westinghouse Air Brake Technologies by 26.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock valued at $90,000 after buying an additional 118 shares in the last quarter. Dorsey & Whitney Trust CO LLC purchased a new stake in Westinghouse Air Brake Technologies in the 1st quarter valued at $204,000. Bridges Investment Management Inc. purchased a new stake in Westinghouse Air Brake Technologies in the 2nd quarter valued at $360,000. V Square Quantitative Management LLC grew its holdings in Westinghouse Air Brake Technologies by 36.8% in the 1st quarter. V Square Quantitative Management LLC now owns 2,624 shares of the transportation company’s stock valued at $382,000 after buying an additional 706 shares in the last quarter. Finally, Greenleaf Trust grew its holdings in shares of Westinghouse Air Brake Technologies by 4.3% during the 1st 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. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

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.