Westinghouse Air Brake Technologies Co. (NYSE:WAB) Receives $156.18 Consensus Price Target from Analysts

Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $156.18.

Several analysts recently commented on the company. The Goldman Sachs Group raised their target price on Westinghouse Air Brake Technologies from $138.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Wells Fargo & Company raised their price target on Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Bank of America upped their price objective on shares of Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 15th. TD Cowen raised their target price on shares of Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Finally, KeyCorp boosted their price target on shares of Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th.

Insider Activity

In related news, EVP Nicole B. Theophilus sold 2,668 shares of Westinghouse Air Brake Technologies stock in a transaction on Friday, March 15th. The stock was sold at an average price of $140.46, for a total value of $374,747.28. Following the transaction, the executive vice president now directly owns 24,792 shares in the company, valued at approximately $3,482,284.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Westinghouse Air Brake Technologies news, Director Albert J. Neupaver sold 29,100 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $161.63, for a total transaction of $4,703,433.00. Following the transaction, the director now directly owns 595,412 shares in the company, valued at approximately $96,236,441.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Nicole B. Theophilus sold 2,668 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $140.46, for a total value of $374,747.28. Following the completion of the sale, the executive vice president now owns 24,792 shares of the company’s stock, valued at approximately $3,482,284.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,794 shares of company stock worth $16,338,817. Insiders own 1.10% of the company’s stock.

Institutional Trading of Westinghouse Air Brake Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. iA Global Asset Management Inc. bought a new position in Westinghouse Air Brake Technologies in the 3rd quarter worth $1,915,000. First Hawaiian Bank raised its stake in shares of Westinghouse Air Brake Technologies by 49.1% in the 4th quarter. First Hawaiian Bank now owns 3,542 shares of the transportation company’s stock valued at $449,000 after buying an additional 1,167 shares in the last quarter. Handelsinvest Investeringsforvaltning bought a new position in shares of Westinghouse Air Brake Technologies during the 4th quarter worth about $1,030,000. Watchman Group Inc. boosted its position in shares of Westinghouse Air Brake Technologies by 0.9% during the 3rd quarter. Watchman Group Inc. now owns 28,921 shares of the transportation company’s stock valued at $3,073,000 after acquiring an additional 269 shares in the last quarter. Finally, Applied Finance Capital Management LLC increased its stake in Westinghouse Air Brake Technologies by 5.7% in the third quarter. Applied Finance Capital Management LLC now owns 145,099 shares of the transportation company’s stock valued at $15,420,000 after acquiring an additional 7,785 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Westinghouse Air Brake Technologies Trading Up 1.1 %

Shares of NYSE WAB opened at $167.33 on Friday. Westinghouse Air Brake Technologies has a 12-month low of $91.89 and a 12-month high of $167.75. The company has a market cap of $29.51 billion, a price-to-earnings ratio of 32.68, a price-to-earnings-growth ratio of 1.43 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’s 50 day simple moving average is $149.03 and its 200 day simple moving average is $132.31.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its 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. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business posted $1.28 earnings per share. Equities research analysts expect that Westinghouse Air Brake Technologies will post 7.34 EPS for the current 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 given a $0.20 dividend. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 annualized dividend and a yield of 0.48%. Westinghouse Air Brake Technologies’s payout ratio is 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.