Westinghouse Air Brake TechnoloNYSE: WAB
Industrials · Construction Machinery & Heavy Transportation Equipment
$271.33
+6.34%
Vol: 37K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 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.
May 11Wabtec heads to May 12 annual meeting after Q1 revenue up 13% to $2.95B and adjusted EPS up 19% to $2.71; insider selling raises cautionMixed▶
Westinghouse Air Brake Technologies (Wabtec) will hold its 2026 virtual annual meeting on May 12, with shareholders voting on three director nominees, executive pay, and EY as auditor. Q1 2026 results showed revenue up 13% to $2.95 billion and adjusted EPS up 18.9% to $2.71. The company kicked off 2026 with a $386 million order from New York's MTA. Stock is trading around $265, with a YTD return of 22.79% and 1-year total return of 39.19%. On May 5-6, insiders engaged in phantom stock activity, with insider selling raising caution amid potential headwinds from tariffs and a declining freight backlog. P/E of 37.3x sits above industry average of 28x, suggesting premium valuation risk. Analyst consensus is Buy with $277.36 price target. Wabtec also announced a R$20 million Brazil expansion.
May 8Wabtec Q1 beats, raises guidance; $1.2B Union Pacific deal announcedPositive▶
Wabtec reported strong Q1 2026 with GAAP EPS of $2.12 (+12.8% YoY) and raised FY2026 adjusted EPS guidance to $10.25–$10.65 from prior range, raising midpoint $0.20 (+16.5%). Company announced landmark $1.2B Union Pacific agreement to modernize AC4400 locomotives, largest rail modernization investment in history. Also signed $670M deal with CSX for 100 new Evolution Series, 50 modernized locomotives, and digital solutions. Completed acquisition of Sweden-based Dellner Couplers for safety-critical train connections. Board increased quarterly dividend 24% to $0.31 and boosted share repurchase authorization to $1.2B. Analyst consensus "Buy" with 12-month target of $277.36 (+5.3% upside). Stock at $271.70 reflects strong locomotive/rail modernization cycle momentum.
May 7Wabtec posts strong Q1 with 13% revenue growth to $2.95B, 19% EPS growth to $2.71; raises FY26 EPS guidance by $0.20Positive▶
Wabtec Corporation reported Q1 2026 GAAP EPS of $2.12, up 12.8% YoY. Revenue increased 13% to $2.95B with adjusted EPS rising 18.9% to $2.71. Company raised FY26 adjusted EPS guidance range to $10.25-10.65 (up $0.20 at midpoint, +16.5% growth). Major wins include $1.2B Union Pacific deal for AC4400 locomotive modernization (largest in rail history) and $670M CSX Evolution locomotives contract. Completed acquisition of Dellner Couplers. Board increased quarterly dividend 24% to $0.31 and raised repurchase authorization to $1.2B. 11 analysts rate Buy with $277.36 PT (5.3% upside).
May 6Wabtec reports Q1 EPS $2.71 (+18.9% YoY); lands $1.87B in new railroad modernization contractsPositive▶
Wabtec delivered strong Q1 2026 with adjusted EPS $2.71 (+18.9% YoY) and revenue up 13%; signed landmark $1.2B Union Pacific AC4400 locomotive modernization deal (largest rail modernization investment in history) plus $670M CSX Evolution/modernized locomotive contract. Company completed Dellner Couplers acquisition and settled Progress Rail antitrust case; analyst consensus maintains Buy with $277.36 target (+5.28%). Tariff headwinds expected to ease H2 2026.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| CATCATERPILLAR | $933.44 | +7.79% | +0.2% | 29.1x | 1.63 | $398.8B |
| CMICUMMINS | $679.35 | +6.35% | -5.8% | 19.2x | 1.27 | $88.1B |
| PCARPACCAR | $121.03 | +10.69% | -2.1% | 16.1x | 1.03 | $57.5B |
| WABWABTEC | $271.33 | +6.34% | -1.9% | 21.0x | 0.97 | $43.3B |
| GEGENERAL | $346.55 | +14.84% | +5.5% | 34.8x | 1.35 | $315.3B |
| GEVGE | $960.63 | -7.97% | +3.1% | 42.6x | 1.31 | $280.5B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.