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

Wabtec (NYSE:WAB) declared a quarterly dividend on Friday, February 6th. Stockholders 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 dividend yield of 0.5%. The ex-dividend date 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%annually 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 1.1%

Shares of WAB stock opened at $256.68 on Friday. Wabtec has a 52-week low of $151.81 and a 52-week high of $262.40. The stock has a market cap of $43.88 billion, a price-to-earnings ratio of 37.58, a PEG ratio of 1.71 and a beta of 1.01. The firm’s 50-day moving average is $226.37 and its 200-day moving average is $207.30. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.75 and a current ratio of 1.11.

Wabtec (NYSE:WAB) last posted its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.Wabtec’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $1.68 earnings per share. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Sell-side analysts predict that Wabtec will post 8.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WAB shares. Citigroup increased their price target on Wabtec from $258.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research report on Wednesday, January 21st. Susquehanna set a $300.00 target price on shares of Wabtec in a research note on Thursday. Wolfe Research upgraded shares of Wabtec from a “peer perform” rating to an “outperform” rating and set a $245.00 price target on the stock in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Wabtec from $215.00 to $245.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Wabtec currently has a consensus rating of “Moderate Buy” and an average 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.