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

Company Overview

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.

Key Stats

• Today's Range: $175.56 to $178.96
• 50-Day Range: $150.01 to $174.13
• 52-Week Range: $98.70 to $178.96
• Volume: 1.16 million shs
• Average Volume: 1.10 million shs
• Market Capitalization: $31.23 billion
• P/E Ratio: 34.82
• Dividend Yield: 0.45%
• Price Target: $163.90
• Consensus Rating: Moderate Buy

Westinghouse Air Brake Technologies Stock Analysis - MarketRank™

Westinghouse Air Brake Technologies scored higher than 77% of companies evaluated by MarketBeat, and ranked 57th out of 130 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Westinghouse Air Brake Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Westinghouse Air Brake Technologies has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 11.26%

Earnings Growth

Earnings for Westinghouse Air Brake Technologies are expected to grow by 11.26% in the coming year, from $7.46 to $8.30 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Westinghouse Air Brake Technologies is 34.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.02.

Price to Earnings Ratio vs. Sector

The P/E ratio of Westinghouse Air Brake Technologies is 34.82, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 21.61.

Price to Earnings Growth Ratio

Westinghouse Air Brake Technologies has a PEG Ratio of 1.42. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Westinghouse Air Brake Technologies has a P/B Ratio of 3.04. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.69% of the float of Westinghouse Air Brake Technologies has been sold short.

Short Interest Ratio / Days to Cover

Westinghouse Air Brake Technologies has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Westinghouse Air Brake Technologies has recently increased by 19.59%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Westinghouse Air Brake Technologies has a dividend yield of 0.47%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Westinghouse Air Brake Technologies does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Westinghouse Air Brake Technologies is 15.63%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Westinghouse Air Brake Technologies will have a dividend payout ratio of 9.64% next year. This indicates that Westinghouse Air Brake Technologies will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.8 / 5
• Environmental Score: -1.05

Percentage of Shares Shorted

1.69% of the float of Westinghouse Air Brake Technologies has been sold short.

Short Interest Ratio / Days to Cover

Westinghouse Air Brake Technologies has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Westinghouse Air Brake Technologies has recently increased by 19.59%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.56

News Sentiment

Westinghouse Air Brake Technologies has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Westinghouse Air Brake Technologies this week, compared to 4 articles on an average week.

Search Interest

Only 1 people have searched for WAB on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Westinghouse Air Brake Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -82% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Westinghouse Air Brake Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,754,390.00 in company stock.

Percentage Held by Insiders

Only 1.10% of the stock of Westinghouse Air Brake Technologies is held by insiders.

Percentage Held by Institutions

91.69% of the stock of Westinghouse Air Brake Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

WAB Stock Analysis - Frequently Asked Questions

How have WAB shares performed this year?

Westinghouse Air Brake Technologies' stock was trading at $126.90 at the beginning of the year. Since then, WAB stock has increased by 40.5% and is now trading at $178.28.
View the best growth stocks for 2024 here.

How were Westinghouse Air Brake Technologies' earnings last quarter?

Westinghouse Air Brake Technologies Co. (NYSE:WAB) issued its quarterly earnings data on Wednesday, July, 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.88 by $0.08. The business's revenue was up 9.8% on a year-over-year basis.
Read the conference call transcript.

Does Westinghouse Air Brake Technologies have any subsidiaries?

Westinghouse Air Brake Technologies subsidiaries include General Electric Transportation, Annax GmbH, A and M Signalling Services Private Limited, Aero Transportation Products Inc, AM General Contractors SpA, A M Rail Group Limited, A M Signalling Design Limited, and others.

Who are Westinghouse Air Brake Technologies' major shareholders?

Westinghouse Air Brake Technologies' top institutional shareholders include Rhumbline Advisers (0.19%), Border to Coast Pensions Partnership Ltd (0.11%), WASHINGTON TRUST Co (0.08%) and Nicholas Company Inc. (0.07%). Insiders that own company stock include William E Kassling, Albert J Neupaver, Rafael Santana, David L Deninno, Michael Fetsko, Brian Hehir, Eric Gebhardt, Gregory Sbrocco, Nicole B Theophilus, Rogerio Mendonca, Pascal Schweitzer, John A Mastalerz Jr, Alicia Hammersmith, Kristine Kubacki and John A Olin.
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.

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

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

Company Calendar

• Last Earnings: 7/24/2024
• Ex-Dividend for 8/28 Dividend: 8/14/2024
• Dividend Payable: 8/28/2024
• Today: 9/19/2024
• Next Earnings (Estimated): 10/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Railroad equipment
• Sub-Industry: Construction & Farm Machinery & Heavy Trucks
• Current Symbol: NYSE:WAB
• CUSIP: 92974010
• CIK: 943452
• Web: www.wabtec.com
• Phone: (412) 825-1000
• Fax: 412-825-1019
• Employees: 29,000
• Year Founded: 1869

Price Target and Rating

• Average Stock Price Target: $163.90
• High Stock Price Target: $190.00
• Low Stock Price Target: $135.00
• Potential Upside/Downside: -8.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.70
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.12
• Trailing P/E Ratio: 34.82
• Forward P/E Ratio: 23.90
• P/E Growth: 1.42
• Net Income: $815 million
• Net Margins: 9.94%
• Pretax Margin: 13.19%
• Return on Equity: 12.05%
• Return on Assets: 6.70%

Debt

• Debt-to-Equity Ratio: 0.33
• Current Ratio: 1.38
• Quick Ratio: 0.73

Sales & Book Value

• Annual Sales: $9.68 billion
• Price / Sales: 3.23
• Cash Flow: $9.02 per share
• Price / Cash Flow: 19.76
• Book Value: $58.73 per share
• Price / Book: 3.04

Miscellaneous

• Outstanding Shares: 175,180,000
• Free Float: 174,445,000
• Market Cap: $31.23 billion
• Optionable: Optionable
• Beta: 1.27