Westinghouse Air Brake TechnoloNYSE: WAB
Industrials · Construction Machinery & Heavy Transportation Equipment
$274.80
+1.08%
Vol: 546K
Research Digest
Friday, June 19, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Wabtec declares $0.31 quarterly dividend and reports Q1 2026 EPS of $2.71 (+18.9%) on 13% revenue growthPositive▶
Wabtec announced on May 11/12, 2026 that its Board declared a regular quarterly common dividend of $0.31 per share, payable June 3 to holders of record May 22. Q1 2026 results showed revenue up 13% to $2.95B and adjusted EPS up 18.9% to $2.71, beating the $2.53 estimate by 7.11%. The company held its 2026 virtual annual meeting on May 12 where stockholders elected three directors, approved 2025 executive pay on an advisory basis, and ratified Ernst & Young as auditor. WAB's market cap stood at $44.78B as of May 15 (+2.97% over 30 days), though shares fell 4.38% week-over-week and 1.42% month-over-month. A top executive disclosed a major stock sale on May 6.
May 20Wabtec declared a $0.31 quarterly dividend on May 12 (payable June 3, record May 22) and held its 2026 virtual annual meeting the same day, following a Q1 print of +13% revenue to $2.95B and 2026 adjusted EPS guidance raised to $10.25-$10.65.Positive▶
Wabtec's board declared a regular $0.31 quarterly common dividend on May 12, payable June 3 to holders of record May 22. The company also held its 2026 virtual annual meeting on May 12, with shareholders voting on director elections, advisory pay, and ratifying EY as FY26 auditor. The dividend and meeting follow strong Q1 2026 results: revenue +13% to $2.95B and adjusted EPS +18.9% to $2.71 (vs. $2.53 estimate, +7.1% beat), with the company lifting its 2026 adjusted EPS outlook to $10.25-$10.65. Morgan Stanley raised its PT to $318 from $315 in early May. Risk: with shares already up ~3% over the past 30 days on a $44.78B market cap, much of the upbeat 2026 outlook appears priced in.
May 19Wabtec upgraded to Buy at Rothschild and price target raised to $315 at Morgan Stanley following Q1 EPS beat.Positive▶
Wabtec declared quarterly common dividend of $0.31 per share payable June 3 (May 12). Q1 2026 results showed revenue +13% to $2.95B and adj. EPS $2.71 (+18.9% YoY) vs. $2.53 consensus. Annual meeting May 12 approved directors, pay, and auditor. Stock closed $263.90 on May 15 with market cap $44.78B. Rothschild & Co upgraded to Buy from Neutral with $285 PT (up from $262); Morgan Stanley raised PT to $315 from $264 (Overweight). Bear case: freight rail cycle exposure and tariff risk to international markets.
May 18Wabtec shareholders backed the board, executive pay, and auditor at the May 15 annual meeting.Neutral▶
At Wabtec's annual meeting on May 15, 2026, shareholders elected three directors, approved the 2025 executive compensation plan on an advisory basis, and ratified Ernst & Young as auditor for fiscal 2026. The vote follows strong Q1 2026 results in which Wabtec posted adjusted EPS of $2.71, up 18.9% year-over-year, and lifted its full-year adjusted EPS outlook to $10.25-$10.65. Shares traded in a $261.63-$272.69 range on May 17 with a market cap near $44.8 billion. The board also declared a regular quarterly dividend of $0.31 per share payable June 3. The sell-side maintains a Buy consensus with an average 12-month price target near $277.
May 15Wabtec declared $0.31 quarterly dividend on May 11 and held 2026 annual meeting May 12 after raising 2026 EPS guide to $10.25-$10.65.Positive▶
Wabtec declared a regular quarterly common dividend of $0.31 per share on May 11, payable June 3 to holders of record May 22. The 2026 annual shareholder meeting was held virtually on May 12, with directors elected and Ernst & Young ratified as auditor. Q1 2026 GAAP EPS of $2.12 (+12.8% YoY) and adjusted EPS of $2.71 (+18.9% YoY) drove an upward revision of 2026 adjusted EPS guidance to $10.25-$10.65. Transit sales rose 17.8% and freight sales 11.3%, with cash from operations of $199M. Analysts raised targets: BofA to $291, Morgan Stanley to $315, Citi to $313. Shares rose 0.33% to $269.02 on May 12. Risk: insider selling and rail cycle dependency.
May 14Wabtec raises 2026 adjusted EPS guidance to $10.25-$10.65 after Q1 revenue grew 13% to $2.95B; declares $0.31 dividendPositive▶
Wabtec announced its Q1 2026 results with revenue growth of 13% to $2.95 billion, operating income up 9% to $517 million, and adjusted EPS rising 18.9% to $2.71. The company raised its 2026 adjusted EPS guidance range to $10.25-$10.65, a 20-cent increase at the midpoint (up 16.5%). On May 12, the board declared a regular quarterly common dividend of $0.31 per share, payable June 3 to holders of record May 22. The company also held its 2026 virtual annual meeting on May 12. Recent analyst moves include Morgan Stanley raising target to $318, Citi to $313, and Wolfe Research to $303, with average analyst rating Buy and 12-month target $277.36. Shares traded between $264.71 and $271.36 on May 13.
May 13Wabtec holds virtual annual meeting May 12 as analysts raise price targets following Q1 beat and guidance hikePositive▶
Wabtec held its 2026 virtual annual shareholder meeting on May 12, 2026, where stockholders elected three directors, approved 2025 executive pay, and ratified Ernst & Young LLP as auditor. The meeting follows strong Q1 2026 results with revenue up 13% to $2.95 billion, operating income up 9% to $517 million, and adjusted EPS up 18.9% to $2.71. Management raised 2026 adjusted EPS guidance to $10.25-$10.65, up 16.5% at the midpoint. Multiple analyst price target hikes followed: Morgan Stanley raised target to $318 from $315, Citi to $313 from $292, and Wolfe Research to $303 from $295. Stock prices ranged from $262.22 to $270.49 in early May. New insider activity on May 6 involved a top executive selling shares, which has raised some caution.
May 12Wabtec Q1 adjusted EPS $2.71 up 18.9%; raised 2026 outlook; Union Pacific $1.2B locomotive deal; Citi PT to $313Positive▶
Wabtec reported Q1 2026 GAAP EPS of $2.12 (+12.8%) and adjusted EPS of $2.71 (+18.9%) with revenue near $2.8 billion, and raised its 2026 outlook. Union Pacific signed a landmark $1.2 billion deal to modernize AC4400 locomotives — the largest such investment in rail history. CSX announced a separate $670 million order for 100 new electric locomotives. Wabtec completed the acquisition of Sweden-based Dellner Couplers, strengthening its transit portfolio. Progress Rail and Wabtec settled their antitrust case in February. Citi raised its price target to $313 (from $292) on April 24. Stock closed at $265.71.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| CATCATERPILLAR | $991.23 | +3.69% | +13.0% | 32.8x | 1.60 | $454.1B |
| CMICUMMINS | $716.50 | -0.18% | +7.0% | 21.1x | 1.24 | $98.9B |
| PCARPACCAR | $119.03 | +1.44% | +6.5% | 17.6x | 0.99 | $62.6B |
| WABWABTEC | $274.80 | +1.08% | +5.7% | 22.5x | 0.94 | $46.5B |
| GEGENERAL | $359.14 | +0.59% | +19.1% | 41.2x | 1.38 | $373.7B |
| GEVGE | $1,111.86 | +6.01% | +8.3% | 45.3x | 1.04 | $298.2B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.