Westinghouse Air Brake Technologies (NYSE:WAB) Shares Acquired Sen. Markwayne Mullin

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of Westinghouse Air Brake Technologies Co. NYSE: WAB. In a filing disclosed on February 27th, the Senator disclosed that they had bought between $1,001 and $15,000 in Westinghouse Air Brake Technologies stock on February 3rd.

Senator Markwayne Mullin also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 2/13/2025.
• Sold $15,001 - $50,000 in shares of Honeywell International NASDAQ: HON on 2/13/2025.
• Purchased $15,001 - $50,000 in shares of IQVIA NYSE: IQV on 2/13/2025.
• Sold $15,001 - $50,000 in shares of Brick TSE: BRK on 2/13/2025.
• Sold $100,001 - $250,000 in shares of Vanguard Materials ETF NYSEARCA: VAW on 2/13/2025.
• Purchased $50,001 - $100,000 in shares of Microsoft NASDAQ: MSFT on 2/13/2025.
• Sold $15,001 - $50,000 in shares of Constellation Brands NYSE: STZ on 2/13/2025.
• Purchased $50,001 - $100,000 in shares of LPL Financial NASDAQ: LPLA on 2/13/2025.
• Purchased $15,001 - $50,000 in shares of TJX Companies NYSE: TJX on 2/13/2025.
• Sold $50,001 - $100,000 in shares of Advanced Micro Devices NASDAQ: AMD on 2/13/2025.

Westinghouse Air Brake Technologies Stock Down 2.3 %

WAB traded down $4.32 during trading on Monday, hitting $181.04. The company had a trading volume of 669,551 shares, compared to its average volume of 1,161,332. The company has a market capitalization of $30.93 billion, a PE ratio of 30.11, a PEG ratio of 1.50 and a beta of 1.27. The company has a quick ratio of 0.69, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. Westinghouse Air Brake Technologies Co. has a one year low of $139.12 and a one year high of $210.88. The firm's 50-day moving average price is $196.17 and its 200 day moving average price is $188.88.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. As a group, equities analysts expect that Westinghouse Air Brake Technologies Co. will post 8.54 earnings per share for the current year.

Westinghouse Air Brake Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a dividend of $0.25 per share. This is an increase from Westinghouse Air Brake Technologies's previous quarterly dividend of $0.20. The ex-dividend date is Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. Westinghouse Air Brake Technologies's dividend payout ratio is currently 16.58%.

Insider Transactions at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $182.34, for a total transaction of $161,553.24. Following the completion of the transaction, the chief executive officer now directly owns 176,295 shares of the company's stock, valued at $32,145,630.30. The trade was a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

WAB has been the topic of a number of recent research reports. Stephens reiterated an "overweight" rating and issued a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. KeyCorp lifted their price target on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Finally, Bank of America raised their price objective on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $206.33.

Institutional Trading of Westinghouse Air Brake Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bridges Investment Management Inc. increased its stake in shares of Westinghouse Air Brake Technologies by 3.4% during the 3rd quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company's stock worth $428,000 after purchasing an additional 77 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Westinghouse Air Brake Technologies during the third quarter worth about $7,128,000. Camden National Bank acquired a new position in Westinghouse Air Brake Technologies during the third quarter worth approximately $222,000. Harvest Fund Management Co. Ltd raised its stake in Westinghouse Air Brake Technologies by 10.4% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company's stock valued at $331,000 after buying an additional 172 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Westinghouse Air Brake Technologies by 5.2% in the third quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company's stock valued at $50,665,000 after buying an additional 13,683 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.