Westinghouse Air Brake Technologies Corp (NYSE: WAB) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Wabtec’s Trip OptimizerTM Surpasses 1 Billion Miles Significantly Reducing the Rail Industry’s Fuel Consumption and Emissions.

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Stocks Info

Westinghouse Air Brake Technologies Corp is listed on the NYSE as a member of the Industrials sector and is a part of the Railroads industry. At the end of the last regular session, the stock closed at $128.01 and fluctuated between $128.51 as its day high and $126.42 as its day low. The current market capitalization of Westinghouse Air Brake Technologies Corp is $22.93B. A total of 0.8 million shares were traded on the day, compared to an average of 945.50K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, WAB has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 40 BUYs and 42 SELLs from insiders. Insiders purchased 236,045 shares during that period but sold 355,697.

In the most recent transaction, Kubacki Kristine sold 1,141 shares of WAB for 115.19 per share on Nov 29. After the transaction, the VP, Investor Relations now owns 3,052 company shares. In a previous transaction on Nov 21, Fetsko Michael sold 8,575 shares at 116.38 per share. WAB shares that Pres., Freight Components Grp. owns now total 34,914.

Among the insiders who sold shares, Hammersmith Alicia disposed of 2,378 shares on Aug 09 at a per-share price of $113.86. This resulted in the President – Services Group holding 766 shares of WAB after the transaction. In another insider transaction, NEUPAVER ALBERT J sold 12,295 shares at $118.26 per share on Aug 02. Company shares held by the Director now total 595,412.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Westinghouse Air Brake Technologies Corp pays an annual dividend of $0.68, resulting in a dividend yield of 0.53%, and it has a price to earnings (P/E) ratio of 30.41. WAB’s most recent ex-dividend date was 11/14/2023 when it declared a $0.17 quarterly dividend that was paid in cash on 11/29/2023. Previously, the company paid the dividend on 8/28/2023 with an ex-dividend date of 8/11/2023. The WAB stock dividend was $0.17 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for WAB in the last 3 months, the mean price target is $142.92 with high estimates of $208.00 and low estimates of $121.00. In terms of 52-week highs and lows, WAB has a high of $129.00 and a low of $91.89.

As of this writing, WAB has an earnings estimate of $1.58 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.61 per share and a lower estimate of $1.54. The company reported an EPS of $1.41 in the last quarter, which was 6.00% higher than expectations of $1.33.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. WAB’s latest balance sheet shows that the firm has $473.00M in Cash & Short Term Investments as of fiscal 2021. There were $4.06B in debt and $2.91B in liabilities at the time. Its Book Value Per Share was $57.65, while its Total Shareholder’s Equity was $10.24B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WAB is Buy with a score of 4.44.

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