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

Westinghouse Air Brake Technologies Co. (NYSE:WAB) has earned an average rating of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $163.90.

Several research firms have recently issued reports on WAB. Stephens lifted their price objective on shares of 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. Susquehanna lifted their price objective 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. Bank of America boosted their price target on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. The Goldman Sachs Group lifted their price objective on shares of 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. Finally, TD Cowen lifted their price objective on shares of Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th.

Insider Activity

In related news, Director Brian Hehir sold 1,000 shares of Westinghouse Air Brake Technologies stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $161.62, for a total value of $161,620.00. Following the completion of the sale, the director now directly owns 23,230 shares in the company, valued at $3,754,432.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Nicole B. Theophilus sold 4,801 shares of Westinghouse Air Brake Technologies stock in a transaction dated 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 sale, the executive vice president now directly owns 15,608 shares in the company, valued at $2,413,621.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Hehir sold 1,000 shares of Westinghouse Air Brake Technologies stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $161.62, for a total value of $161,620.00. Following the completion of the sale, the director now owns 23,230 shares of the company’s stock, valued at $3,754,432.60. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

A number of large investors have recently added to or reduced their stakes in WAB. Massmutual Trust Co. FSB ADV raised its holdings in Westinghouse Air Brake Technologies by 26.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock worth $90,000 after purchasing an additional 118 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in Westinghouse Air Brake Technologies in the first quarter worth about $204,000. Bridges Investment Management Inc. bought a new position in Westinghouse Air Brake Technologies in the second quarter worth about $360,000. V Square Quantitative Management LLC raised its holdings 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 purchasing an additional 706 shares in the last quarter. Finally, Greenleaf Trust increased 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 valued at $466,000 after acquiring an additional 133 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Westinghouse Air Brake Technologies Stock Performance

Shares of NYSE WAB opened at $156.25 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 0.73. Westinghouse Air Brake Technologies has a 1 year low of $98.70 and a 1 year high of $170.83. The firm has a fifty day moving average price of $160.25 and a 200-day moving average price of $153.14. The stock has a market cap of $27.37 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.08. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. Westinghouse Air Brake Technologies’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 EPS. Equities analysts anticipate that Westinghouse Air Brake Technologies will post 7.42 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Wednesday, August 14th. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 15.63%.

Westinghouse Air Brake Technologies Company Profile

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.