Westinghouse Air Brake Technologies Corp (NYSE: WAB) is 5.15% higher on its value in year-to-date trading and has touched a low of $125.56 and a high of $207.51 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WAB stock was last observed hovering at around $200.29 in the last trading session, with the day’s loss setting it -0.94%.
Currently trading at $199.35, the stock is 3.46% and 1.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing -0.47% at the moment leaves the stock 14.77% off its SMA200. WAB registered 55.55% gain for a year compared to 6-month gain of 19.43%. The firm has a 50-day simple moving average (SMA 50) of $196.7084 and a 200-day simple moving average (SMA200) of $173.69205.
The stock witnessed a -0.17% loss in the last 1 month and extending the period to 3 months gives it a 6.46%, and is 4.22% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.04% over the week and 2.11% over the month.
Westinghouse Air Brake Technologies Corp (WAB) has around 29000 employees, a market worth around $34.27B and $10.33B in sales. Current P/E ratio is 33.20 and Fwd P/E is 23.04. Profit margin for the company is 10.25%. Distance from 52-week low is 58.77% and -3.93% from its 52-week high. The company has generated returns on investments over the last 12 months (7.54%).
with sales reaching $2.64B over the same period.The EPS is expected to grow by 28.96% this year, but quarterly earnings will post 8.16% year-over-year. Quarterly sales are estimated to grow 4.38% in year-over-year returns.
1384.0 institutions hold shares in Westinghouse Air Brake Technologies Corp (WAB), with institutional investors hold 95.07% of the company’s shares. The shares outstanding are 171.90M, and float is at 170.07M with Short Float at 1.41%. Institutions hold 94.08% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.63 million shares valued at $3.1 billion. The investor’s holdings represent 11.1238 of the WAB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.1 million shares valued at $2.39 billion to account for 8.5528 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 8.41 million shares representing 4.7649 and valued at over $1.33 billion, while STATE STREET CORP holds 4.0641 of the shares totaling 7.17 million with a market value of $1.13 billion.
Westinghouse Air Brake Technologies Corp (WAB) Insider Activity
The most recent transaction is an insider sale by Sbrocco Gregory, the company’s EVP Operations. SEC filings show that Sbrocco Gregory sold 565 shares of the company’s common stock on Nov 26 ’24 at a price of $201.37 per share for a total of $0.11 million. Following the sale, the insider now owns 16101.0 shares.
Still, SEC filings show that on Nov 11 ’24, NEUPAVER ALBERT J (Director) disposed off 10,000 shares at an average price of $202.00 for $2.02 million. The insider now directly holds 604,447 shares of Westinghouse Air Brake Technologies Corp (WAB).
