Westinghouse Air Brake Technologies Co. (WAB) to Issue Quarterly Dividend of $0.20 on November 27th

Westinghouse Air Brake Technologies Co. (NYSE:WAB) announced a quarterly dividend on Thursday, October 17th, RTT News reports. Stockholders of record on Wednesday, November 13th will be paid a dividend of 0.20 per share by the transportation company on Wednesday, November 27th. This represents a $0.80 annualized dividend and a dividend yield of 0.42%.

Westinghouse Air Brake Technologies has raised its dividend payment by an average of 12.3% annually over the last three years. Westinghouse Air Brake Technologies has a payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Westinghouse Air Brake Technologies to earn $8.32 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 9.6%.

Westinghouse Air Brake Technologies Stock Performance

Shares of WAB stock opened at $191.15 on Friday. The stock has a fifty day moving average price of $172.75 and a 200 day moving average price of $164.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 1.38. The stock has a market cap of $33.72 billion, a PE ratio of 37.33, a P/E/G ratio of 1.57 and a beta of 1.27. Westinghouse Air Brake Technologies has a 1 year low of $98.70 and a 1 year high of $191.43.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.88 by $0.08. Westinghouse Air Brake Technologies had a net margin of 9.94% and a return on equity of 12.05%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the firm earned $1.41 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts forecast that Westinghouse Air Brake Technologies will post 7.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Bank of America upped their price objective on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.90.

Insider Buying and Selling

In other news, CTO Eric Gebhardt sold 7,422 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $156.32, for a total transaction of $1,160,207.04. Following the completion of the transaction, the chief technology officer now owns 22,411 shares of the company’s stock, valued at approximately $3,503,287.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Westinghouse Air Brake Technologies news, insider Alicia Hammersmith sold 4,169 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $165.54, for a total transaction of $690,136.26. Following the completion of the transaction, the insider now owns 5,606 shares in the company, valued at approximately $928,017.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Eric Gebhardt sold 7,422 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $156.32, for a total value of $1,160,207.04. Following the transaction, the chief technology officer now directly owns 22,411 shares in the company, valued at $3,503,287.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,392 shares of company stock worth $2,754,390 in the last three months. 1.10% of the stock is owned by insiders.

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.