Wabtec (NYSE:WAB) Declares Dividend Increase – $0.31 Per Share

Wabtec (NYSE:WAB) declared a quarterly dividend on Friday, February 6th. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.31 per share by the transportation company on Monday, March 2nd. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a 24.0% increase from Wabtec’s previous quarterly dividend of $0.25.

Wabtec has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Wabtec has a dividend payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wabtec to earn $9.60 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 12.9%.

Wabtec Stock Performance

Wabtec stock opened at $256.68 on Friday. The firm has a 50 day simple moving average of $226.37 and a 200-day simple moving average of $207.30. The stock has a market cap of $43.88 billion, a price-to-earnings ratio of 37.58, a price-to-earnings-growth ratio of 1.71 and a beta of 1.01. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.11 and a quick ratio of 0.75. Wabtec has a 1-year low of $151.81 and a 1-year high of $262.40.

Wabtec (NYSE:WAB) last released its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, beating the consensus estimate of $2.08 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.86 billion. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.68 EPS. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, analysts expect that Wabtec will post 8.54 EPS for the current year.

Analyst Upgrades and Downgrades

WAB has been the subject of a number of recent analyst reports. Susquehanna set a $300.00 price objective on Wabtec in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of Wabtec from $224.00 to $270.00 and gave the company an “equal weight” rating in a research report on Friday. Bank of America upped their price objective on shares of Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, January 21st. Finally, KeyCorp boosted their target price on Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a research report on Thursday. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $263.90.

Wabtec Company Profile

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.