Wabtec (NYSE:WAB) Sets New 12-Month High Following Better-Than-Expected Earnings

Wabtec (NYSE:WAB)’s stock price hit a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $288.36 and last traded at $292.1990, with a volume of 217819 shares changing hands. The stock had previously closed at $263.53.

The transportation company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the business posted $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS.

Wabtec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Wabtec’s payout ratio is presently 17.54%.

Trending Headlines about Wabtec

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: Wabtec posted adjusted EPS of $2.76, topping estimates, while revenue of $3.18 billion also exceeded expectations, pointing to stronger-than-anticipated demand across the business. Article title
• Positive Sentiment: The company raised FY 2026 guidance to adjusted EPS of $10.60-$10.90 and revenue of $12.3 billion-$12.6 billion, signaling confidence in continued growth. Article title
• Positive Sentiment: Management highlighted 17.5% sales growth, margin improvement, and a $30.93 billion backlog, which suggests strong revenue visibility and healthy operating momentum. Article title
• Neutral Sentiment: Additional coverage from earnings preview and recap articles reinforces that the market is focused on Wabtec’s quarterly execution and updated outlook. Article title

Wall Street Analyst Weigh In

A number of research firms have recently commented on WAB. Wells Fargo & Company lifted their price target on shares of Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. boosted their target price on shares of Wabtec from $290.00 to $300.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Stephens upgraded Wabtec to a “strong-buy” rating in a report on Wednesday, July 8th. Morgan Stanley reissued an “overweight” rating and issued a $318.00 price objective on shares of Wabtec in a research report on Monday, April 27th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $290.00 price target (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Wabtec presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.36.

Insider Activity at Wabtec

In other news, CEO Rafael Santana sold 1,163 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $261.06, for a total value of $303,612.78. Following the transaction, the chief executive officer owned 124,077 shares in the company, valued at $32,391,541.62. This represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the transaction, the insider directly owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 5,734 shares of company stock worth $1,504,571. Insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Wabtec

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meeder Advisory Services Inc. grew its holdings in shares of Wabtec by 1.6% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock valued at $618,000 after acquiring an additional 38 shares in the last quarter. Hilltop Holdings Inc. increased its position in Wabtec by 3.9% during the 4th quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock worth $228,000 after purchasing an additional 40 shares in the last quarter. Apollon Wealth Management LLC boosted its position in Wabtec by 1.6% during the 1st quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock worth $770,000 after buying an additional 48 shares during the period. IHT Wealth Management LLC lifted its position in shares of Wabtec by 1.0% in the 4th quarter. IHT Wealth Management LLC now owns 4,856 shares of the transportation company’s stock worth $1,037,000 after purchasing an additional 50 shares during the period. Finally, Carnegie Investment Counsel lifted its position in shares of Wabtec by 2.5% during the 4th quarter. Carnegie Investment Counsel now owns 2,051 shares of the transportation company’s stock valued at $438,000 after acquiring an additional 51 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wabtec Trading Up 11.0%

The company has a market capitalization of $49.62 billion, a P/E ratio of 41.33, a P/E/G ratio of 1.84 and a beta of 0.94. The firm’s 50-day moving average price is $263.96 and its 200 day moving average price is $253.72. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42.

About Wabtec

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec’s business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.