Senator Markwayne Mullin (R-Oklahoma) recently bought shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB). In a filing disclosed on February 27th, the Senator disclosed that they had bought between $1,001 and $15,000 in Westinghouse Air Brake Technologies stock on February 3rd.
Senator Markwayne Mullin also recently made the following trade(s):
- Purchased $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 2/13/2025.
- Sold $15,001 – $50,000 in shares of Honeywell International (NASDAQ:HON) on 2/13/2025.
- Purchased $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 2/13/2025.
- Sold $15,001 – $50,000 in shares of Brick (TSE:BRK) on 2/13/2025.
- Sold $100,001 – $250,000 in shares of Vanguard Materials ETF (NYSEARCA:VAW) on 2/13/2025.
- Purchased $50,001 – $100,000 in shares of Microsoft (NASDAQ:MSFT) on 2/13/2025.
- Sold $15,001 – $50,000 in shares of Constellation Brands (NYSE:STZ) on 2/13/2025.
- Purchased $50,001 – $100,000 in shares of LPL Financial (NASDAQ:LPLA) on 2/13/2025.
- Purchased $15,001 – $50,000 in shares of TJX Companies (NYSE:TJX) on 2/13/2025.
- Sold $50,001 – $100,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 2/13/2025.
Westinghouse Air Brake Technologies Stock Performance
Shares of NYSE WAB opened at $181.31 on Friday. The company has a market cap of $30.98 billion, a PE ratio of 30.07, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27. Westinghouse Air Brake Technologies Co. has a 12 month low of $137.48 and a 12 month high of $210.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69. The company has a 50-day simple moving average of $196.32 and a 200-day simple moving average of $188.22.
Westinghouse Air Brake Technologies Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, February 21st. Westinghouse Air Brake Technologies’s dividend payout ratio is 16.58%.
Institutional Investors Weigh In On Westinghouse Air Brake Technologies
A number of institutional investors have recently added to or reduced their stakes in WAB. Erste Asset Management GmbH acquired a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at about $61,474,000. BNP Paribas Financial Markets raised its holdings in Westinghouse Air Brake Technologies by 5.2% in the third quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company’s stock valued at $50,665,000 after buying an additional 13,683 shares during the period. Lord Abbett & CO. LLC purchased a new position in Westinghouse Air Brake Technologies in the third quarter valued at approximately $24,630,000. KLP Kapitalforvaltning AS acquired a new position in Westinghouse Air Brake Technologies during the fourth quarter valued at approximately $22,509,000. Finally, AGF Management Ltd. purchased a new stake in Westinghouse Air Brake Technologies during the fourth quarter worth approximately $10,566,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Bank of America upped their target price on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Stephens reaffirmed an “overweight” rating and set a $220.00 price objective on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Finally, KeyCorp raised their target price on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Westinghouse Air Brake Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $206.33.
View Our Latest Stock Report on Westinghouse Air Brake Technologies
About Senator Mullin
Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.
About Westinghouse Air Brake Technologies
Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.
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