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

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Get Free Report) announced a quarterly dividend on Friday, May 17th, RTT News reports. Shareholders of record on Tuesday, May 28th will be paid a dividend of 0.20 per share by the transportation company on Tuesday, June 11th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%.

Westinghouse Air Brake Technologies has raised its dividend payment by an average of 12.3% per year over the last three years and has increased its dividend every year for the last 2 years.

Westinghouse Air Brake Technologies Trading Up 1.0 %

Shares of Westinghouse Air Brake Technologies stock traded up $1.66 during trading on Friday, reaching $168.32. 1,026,866 shares of the stock were exchanged, compared to its average volume of 1,069,095. The company has a quick ratio of 0.77, a current ratio of 1.52 and a debt-to-equity ratio of 0.38. The firm has a market cap of $29.69 billion, a price-to-earnings ratio of 32.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. Westinghouse Air Brake Technologies has a 1 year low of $91.89 and a 1 year high of $169.13. The stock's fifty day moving average is $151.53 and its 200 day moving average is $134.55.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.40. Westinghouse Air Brake Technologies had a return on equity of 11.25% and a net margin of 9.20%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the company earned $1.28 EPS. The business's quarterly revenue was up 13.9% compared to the same quarter last year. As a group, equities research analysts expect that Westinghouse Air Brake Technologies will post 7.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WAB. KeyCorp boosted their price target on shares of Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, April 25th. Bank of America upped their price target on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a "buy" rating in a research note on Monday, April 15th. Redburn Atlantic cut shares of Westinghouse Air Brake Technologies from a "buy" rating to a "neutral" rating and set a $135.00 target price on the stock. in a report on Thursday, February 15th. The Goldman Sachs Group upped their price objective on shares of Westinghouse Air Brake Technologies from $138.00 to $152.00 and gave the stock a "neutral" rating in a report on Tuesday, April 16th. Finally, Stephens raised their price target on Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Westinghouse Air Brake Technologies has a consensus rating of "Moderate Buy" and an average target price of $156.18.

Insiders Place Their Bets

In related news, VP David L. Deninno sold 6,607 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $135.61, for a total transaction of $895,975.27. Following the completion of the sale, the vice president now directly owns 65,535 shares in the company, valued at $8,887,201.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 6,607 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $135.61, for a total transaction of $895,975.27. Following the sale, the vice president now owns 65,535 shares in the company, valued at approximately $8,887,201.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Nicole B. Theophilus sold 3,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.26, for a total transaction of $411,780.00. Following the completion of the sale, the executive vice president now directly owns 22,354 shares of the company's stock, valued at $3,068,310.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,970 shares of company stock valued at $15,871,367. 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.

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