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NYSE:WAB

Westinghouse Air Brake Technologies (WAB) Stock Price, News & Analysis

$144.52
-0.72 (-0.50%)
(As of 11:20 AM ET)
Today's Range
$143.81
$145.16
50-Day Range
$133.96
$150.50
52-Week Range
$91.89
$151.00
Volume
125,092 shs
Average Volume
1.00 million shs
Market Capitalization
$25.55 billion
P/E Ratio
31.97
Dividend Yield
0.55%
Price Target
$146.40

Westinghouse Air Brake Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
0.8% Upside
$146.40 Price Target
Short Interest
Healthy
1.08% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.05
Upright™ Environmental Score
News Sentiment
0.86mentions of Westinghouse Air Brake Technologies in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$8.92 M Sold Last Quarter
Proj. Earnings Growth
11.00%
From $6.73 to $7.47 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.39 out of 5 stars

Transportation Sector

23rd out of 114 stocks

Railroad Equipment Industry

1st out of 4 stocks

WAB stock logo

About Westinghouse Air Brake Technologies Stock (NYSE:WAB)

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. The company also offers positive train control equipment; pneumatic braking products; railway electronics; signal design and engineering services; distributed locomotive power, train cruise controls, and train remote controls; industrial/mobile Internet of Things hardware and software, edge-to-cloud, on and off-board analytics and rules, and asset performance management solutions; rail and shipper transportation management, and port visibility and optimization solutions; and network optimization solutions. In addition, it provides freight car trucks, braking equipment, and related components; air compressors and dryers; heat transfer components and systems; track and switch products; new commuter and switcher locomotives; and turbochargers. Further, the company offers freight locomotive overhauls, modernizations, and refurbishment services; locomotive and car maintenance; transit locomotive and car overhaul; unit exchange of locomotive components; and maintenance of way equipment and services. Additionally, it provides railway and freight braking equipment and related components; friction products, such as brake shoes, discs, and pads; heating, ventilation, and air conditioning equipment; access and platform screen doors; pantographs; auxiliary power converter and battery chargers; passenger information systems and closed-circuit television; signaling and railway electric relays; and doors, window assemblies, accessibility lifts, ramps, and electric charging solutions for buses. The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.

WAB Stock Price History

WAB Stock News Headlines

REVEALED: Elon Musk’s Secret A.I. Facility?
I recently shot this video outside what could be Elon Musk’s biggest secret. What’s happening inside these walls is so important that our government has declared it a matter of national security.
WAB Quantitative Stock Analysis
REVEALED: Elon Musk’s Secret A.I. Facility?
I recently shot this video outside what could be Elon Musk’s biggest secret. What’s happening inside these walls is so important that our government has declared it a matter of national security.
WAB Apr 2024 130.000 put
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Westinghouse Air Brake Technologies Corp (WB2.HA)
Westinghouse Air Brake Technologies Corporation
Westinghouse Air Brake Technologies Corporation (WAB)
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See More Headlines
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Company Calendar

Last Earnings
2/14/2024
Ex-Dividend for 3/8 Dividend
2/22/2024
Dividend Payable
3/08/2024
Today
4/15/2024
Next Earnings (Confirmed)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Railroad equipment
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
92974010
Employees
29,000
Year Founded
1869

Price Target and Rating

Average Stock Price Target
$146.40
High Stock Price Target
$162.00
Low Stock Price Target
$130.00
Potential Upside/Downside
0.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Net Income
$815 million
Pretax Margin
11.28%

Debt

Sales & Book Value

Annual Sales
$9.68 billion
Cash Flow
$8.55 per share
Book Value
$58.73 per share

Miscellaneous

Free Float
174,877,000
Market Cap
$25.68 billion
Optionable
Optionable
Beta
1.40

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Should I Buy Westinghouse Air Brake Technologies Stock? WAB Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Westinghouse Air Brake Technologies Co.:

  • Westinghouse Air Brake Technologies has a diverse product portfolio, including diesel-electric, battery, and liquid natural gas-powered locomotives, which cater to various segments of the transportation industry.
  • The company offers innovative technology solutions such as positive train control equipment, industrial/mobile Internet of Things hardware and software, and asset performance management solutions, positioning itself as a leader in technological advancements within the industry.
  • Recent investments by institutional investors and hedge funds indicate confidence in the company's growth potential, which can be a positive signal for individual investors.
  • Westinghouse Air Brake Technologies provides a wide range of services, including maintenance, overhauls, and refurbishment, offering a comprehensive suite of solutions to its customers and potentially ensuring recurring revenue streams.
  • Considering the current stock price and the company's market position, there may be opportunities for capital appreciation in the future, making it an attractive investment option.

Cons

Investors should be bearish about investing in Westinghouse Air Brake Technologies Co. for these reasons:

  • As a company operating in the railroad equipment industry, Westinghouse Air Brake Technologies is subject to the cyclical nature of the sector, which can lead to fluctuations in demand and revenue during economic downturns.
  • The competitive landscape in the industry is intense, with other established players and potential new entrants vying for market share, which could impact the company's profitability and growth prospects.
  • While the company has a diverse product portfolio, it also means that it needs to allocate resources effectively across different segments, which could pose challenges in terms of operational efficiency and focus.
  • External factors such as regulatory changes, geopolitical events, or shifts in consumer preferences can influence the company's performance and introduce uncertainties that may affect investor confidence.
  • Investing in Westinghouse Air Brake Technologies Co. requires a thorough understanding of the railroad equipment industry, including factors like technological advancements, regulatory environment, and market trends, to make informed investment decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Westinghouse Air Brake Technologies pros and cons to contact@marketbeat.com.

WAB Stock Analysis - Frequently Asked Questions

Should I buy or sell Westinghouse Air Brake Technologies stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Westinghouse Air Brake Technologies in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" WAB shares.
View WAB analyst ratings
or view top-rated stocks.

What is Westinghouse Air Brake Technologies' stock price target for 2024?

10 equities research analysts have issued 12 month target prices for Westinghouse Air Brake Technologies' shares. Their WAB share price targets range from $130.00 to $162.00. On average, they anticipate the company's stock price to reach $146.40 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price.
View analysts price targets for WAB
or view top-rated stocks among Wall Street analysts.

How have WAB shares performed in 2024?

Westinghouse Air Brake Technologies' stock was trading at $126.90 at the beginning of 2024. Since then, WAB shares have increased by 14.5% and is now trading at $145.24.
View the best growth stocks for 2024 here
.

When is Westinghouse Air Brake Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our WAB earnings forecast
.

How can I listen to Westinghouse Air Brake Technologies' earnings call?

Westinghouse Air Brake Technologies will be holding an earnings conference call on Wednesday, April 24th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "9975952".

How were Westinghouse Air Brake Technologies' earnings last quarter?

Westinghouse Air Brake Technologies Co. (NYSE:WAB) issued its earnings results on Wednesday, February, 14th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.58 by $0.04. The transportation company earned $2.53 billion during the quarter, compared to analyst estimates of $2.48 billion. Westinghouse Air Brake Technologies had a net margin of 8.42% and a trailing twelve-month return on equity of 10.34%. The firm's revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 EPS.
Read the conference call transcript
.

How often does Westinghouse Air Brake Technologies pay dividends? What is the dividend yield for Westinghouse Air Brake Technologies?

Westinghouse Air Brake Technologies announced a quarterly dividend on Wednesday, February 14th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.20 per share on Friday, March 8th. This represents a $0.80 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Thursday, February 22nd. This is an increase from the stock's previous quarterly dividend of $0.17.
Read our dividend analysis for WAB
.

Is Westinghouse Air Brake Technologies a good dividend stock?

Westinghouse Air Brake Technologies (NYSE:WAB) pays an annual dividend of $0.80 per share and currently has a dividend yield of 0.55%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WAB will have a dividend payout ratio of 10.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WAB.

What guidance has Westinghouse Air Brake Technologies issued on next quarter's earnings?

Westinghouse Air Brake Technologies issued an update on its FY 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share guidance of 6.500-6.900 for the period, compared to the consensus estimate of 6.730. The company issued revenue guidance of $10.1 billion-$10.4 billion, compared to the consensus revenue estimate of $10.2 billion.

What is Rafael Santana's approval rating as Westinghouse Air Brake Technologies' CEO?

26 employees have rated Westinghouse Air Brake Technologies Chief Executive Officer Rafael Santana on Glassdoor.com. Rafael Santana has an approval rating of 71% among the company's employees.

What other stocks do shareholders of Westinghouse Air Brake Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Westinghouse Air Brake Technologies investors own include General Electric (GE), Johnson & Johnson (JNJ), Walt Disney (DIS), Intel (INTC), NVIDIA (NVDA), Pfizer (PFE), AT&T (T), CVS Health (CVS) and Verizon Communications (VZ).

Who are Westinghouse Air Brake Technologies' major shareholders?

Westinghouse Air Brake Technologies' stock is owned by a number of retail and institutional investors. Top institutional investors include Appleton Partners Inc. MA (0.00%), First Hawaiian Bank (0.00%) and Thompson Investment Management Inc. (0.00%). Insiders that own company stock include Albert J Neupaver, Alicia Hammersmith, Brian Hehir, David L Deninno, David L Deninno, Eric Gebhardt, Erwan Faiveley, John A Mastalerz Jr, John A Olin, Kristine Kubacki, Michael Fetsko, Michael W D Howell, Nicole B Theophilus, Pascal Schweitzer, Patrick D Dugan, Rafael Santana and William E Kassling.
View institutional ownership trends
.

How do I buy shares of Westinghouse Air Brake Technologies?

Shares of WAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Westinghouse Air Brake Technologies have any subsidiaries?
The following companies are subsidiares of Westinghouse Air Brake Technologies: A M Rail Group Limited, A M Signalling Design Limited, A and M Signalling Services Private Limited, AM General Contractors SpA, ANNAX GmbH, Aero Transportation Products Inc, Annax (Suzhou) Rail Systems Co. Ltd, Annax GmbH, Annax Scheiz AG, Ateliers Hubert Gerken S.A., Austbreck Pty Ltd., Barber Steel Foundry Corp., Barber Tian Rui Railway Supply LLC, Bearward Engineering Limited, Becorit GmbH, Beijing Wabtec Huaxia Technology Company Ltd., Brecknell Willis & Co. Ltd., Brecknell Willis (Tianjin) Electrification Systems Co. Ltd., CZ-Carbon Prodcuts s.r.o., Cambridge Forming and Cutting Ltd., Changzhou CRRC GE Diesel Engine Company Limited., CoFren S.A.S., CoFren S.r.l., Coleman Hydraulics Limited, Datong Faiveley Railway Vehicle Equipment Co. Ltd., Deptol Limited, Durox Company, E-Carbon Asia Sdn. Bhd., E-Carbon China Co. Ltd., E-Carbon Far East Limited, E-Carbon Far East Ltd. Shanghai, E-Carbon H.K. Limited, E-Carbon S.A., East Erie Commercial Railroad, Electrical Carbon UK Limited, Evand Pty Ltd., Faiveley Rail Engineering Singapore Pte Ltd , Faiveley Transport Amiens, Faiveley Transport Asia Pacific Ltd., Faiveley Transport Australia Ltd., Faiveley Transport Birkenhead Ltd., Faiveley Transport Canada Inc., Faiveley Transport Chile Ltda., Faiveley Transport Czech a.s., Faiveley Transport DO Brasil Ltda., Faiveley Transport Far East Ltd, Faiveley Transport Holding Gmbh & co KG, Faiveley Transport Iberica SA, Faiveley Transport Italia Spa, and General Electric Transportation.
Read More
This page (NYSE:WAB) was last updated on 4/16/2024 by MarketBeat.com Staff

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