On Tuesday, Westinghouse Air Brake Technologies Corp (NYSE: WAB) opened higher 1.92% from the last session, before settling in for the closing price of $145.69. Price fluctuations for WAB have ranged from $91.89 to $151.00 over the past 52 weeks.
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During the last 5-year period, the sales growth of Industrials Sector giant was 21.24%. Company’s average yearly earnings per share was noted 14.72% at the time writing. With a float of $175.16 million, this company’s outstanding shares have now reached $177.80 million.
Let’s determine the extent of company efficiency that accounts for 29000 employees.
Westinghouse Air Brake Technologies Corp (WAB) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Railroads industry is another important factor to consider. The insider ownership of Westinghouse Air Brake Technologies Corp is 1.06%, while institutional ownership is 94.68%. The most recent insider transaction that took place on Mar 15 ’24, was worth 374,748. In this transaction EVP & Chief H.R. Officer of this company sold 2,668 shares at a rate of $140.46, taking the stock ownership to the 24,792 shares. Before that another transaction happened on Mar 14 ’24, when Company’s President and CEO sold 40,219 for $140.62, making the entire transaction worth $5,655,443. This insider now owns 123,019 shares in total.
Westinghouse Air Brake Technologies Corp (WAB) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 12/31/2023, the company posted 1.28 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.19) by 0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.68 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 14.72% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.15% during the next five years compared to 8.29% growth over the previous five years of trading.
Westinghouse Air Brake Technologies Corp (NYSE: WAB) Trading Performance Indicators
Check out the current performance indicators for Westinghouse Air Brake Technologies Corp (WAB). In the past quarter, the stock posted a quick ratio of 0.63. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.72. Likewise, its price to free cash flow for the trailing twelve months is 25.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.54, a number that is poised to hit 1.49 in the next quarter and is forecasted to reach 7.62 in one year’s time.
Technical Analysis of Westinghouse Air Brake Technologies Corp (WAB)
Looking closely at Westinghouse Air Brake Technologies Corp (NYSE: WAB), its last 5-days average volume was 1.07 million, which is a jump from its year-to-date volume of 1.02 million. As of the previous 9 days, the stock’s Stochastic %D was 48.61%. Additionally, its Average True Range was 2.39.
During the past 100 days, Westinghouse Air Brake Technologies Corp’s (WAB) raw stochastic average was set at 93.11%, which indicates a significant increase from 67.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.41% in the past 14 days, which was higher than the 13.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $142.50, while its 200-day Moving Average is $122.24. However, in the short run, Westinghouse Air Brake Technologies Corp’s stock first resistance to watch stands at $149.23. Second resistance stands at $149.98. The third major resistance level sits at $151.45. If the price goes on to break the first support level at $147.02, it is likely to go to the next support level at $145.55. Now, if the price goes above the second support level, the third support stands at $144.80.
Westinghouse Air Brake Technologies Corp (NYSE: WAB) Key Stats
There are currently 176,822K shares outstanding in the company with a market cap of 26.29 billion. Presently, the company’s annual sales total 9,677 M according to its annual income of 815,000 K. Last quarter, the company’s sales amounted to 2,526 M and its income totaled 215,000 K.
