Westinghouse Air Brake Technologies (NYSE:WAB) Hits New 52-Week High at $167.51

Westinghouse Air Brake Technologies Co. (NYSE:WABGet Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $167.51 and last traded at $167.22, with a volume of 469887 shares. The stock had previously closed at $165.56.

Analyst Ratings Changes

Several equities research analysts recently commented on WAB shares. Stephens increased their price objective on Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Wells Fargo & Company increased their price objective on Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Susquehanna increased their price objective on 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. TD Cowen increased their target price on Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Finally, Bank of America increased their target price on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Westinghouse Air Brake Technologies currently has an average rating of “Moderate Buy” and an average price target of $156.18.

View Our Latest Report on WAB

Westinghouse Air Brake Technologies Price Performance

The stock has a market capitalization of $29.69 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 1.47 and a beta of 1.36. The company has a current ratio of 1.52, a quick ratio of 0.77 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average of $149.55 and a 200-day moving average of $132.80.

Westinghouse Air Brake Technologies (NYSE:WABGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.40 billion. Westinghouse Air Brake Technologies had a return on equity of 11.25% and a net margin of 9.20%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 earnings per share. On average, equities research analysts anticipate that Westinghouse Air Brake Technologies Co. will post 7.34 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, February 22nd. Westinghouse Air Brake Technologies’s payout ratio is 15.63%.

Insider Activity

In other Westinghouse Air Brake Technologies news, Director Albert J. Neupaver sold 29,100 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $161.63, for a total transaction of $4,703,433.00. Following the transaction, the director now owns 595,412 shares in the company, valued at approximately $96,236,441.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Westinghouse Air Brake Technologies news, EVP Nicole B. Theophilus sold 2,668 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $140.46, for a total transaction of $374,747.28. Following the transaction, the executive vice president now owns 24,792 shares of the company’s stock, valued at approximately $3,482,284.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Albert J. Neupaver sold 29,100 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $161.63, for a total value of $4,703,433.00. Following the sale, the director now owns 595,412 shares of the company’s stock, valued at $96,236,441.56. The disclosure for this sale can be found here. In the last three months, insiders sold 109,794 shares of company stock valued at $16,338,817. Insiders own 1.10% of the company’s stock.

Institutional Trading of Westinghouse Air Brake Technologies

Several large investors have recently added to or reduced their stakes in the stock. Dorsey & Whitney Trust CO LLC bought a new position in Westinghouse Air Brake Technologies in the first quarter worth about $204,000. Forsta AP Fonden increased its stake in shares of Westinghouse Air Brake Technologies by 64.5% during the first quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company’s stock valued at $7,765,000 after acquiring an additional 20,900 shares during the period. BNP Paribas Financial Markets grew its position in Westinghouse Air Brake Technologies by 107.8% in the first quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company’s stock worth $24,802,000 after buying an additional 88,325 shares during the last quarter. Greenleaf Trust grew its position in Westinghouse Air Brake Technologies by 4.3% in the first quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock worth $466,000 after buying an additional 133 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its position in Westinghouse Air Brake Technologies by 36.8% in the first quarter. V Square Quantitative Management LLC now owns 2,624 shares of the transportation company’s stock worth $382,000 after buying an additional 706 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

About Westinghouse Air Brake Technologies

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Westinghouse Air Brake Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westinghouse Air Brake Technologies and related companies with MarketBeat.com's FREE daily email newsletter.