Westinghouse Air Brake Technologies Co. Announces Quarterly Dividend of $0.20 (NYSE:WAB)

Westinghouse Air Brake Technologies Co. (NYSE:WAB) declared a quarterly dividend on Thursday, October 17th, RTT News reports. Investors 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 yield of 0.42%.

Westinghouse Air Brake Technologies has raised its dividend 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 Trading Up 0.6 %

Westinghouse Air Brake Technologies stock opened at $191.15 on Friday. The firm has a market cap of $33.72 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth 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. The firm’s 50 day moving average price is $172.75 and its two-hundred day moving average price is $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.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.08. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. The company 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 earnings per share. Westinghouse Air Brake Technologies’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, research analysts predict that Westinghouse Air Brake Technologies will post 7.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity

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

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.