Trump announces 100% chip tariff as Apple ups U.S. investment
PITTSBURGH—Brian Hehir, a director at Westinghouse Air Brake Technologies Corp (NYSE:WAB), recently sold 1,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $191.418, with individual transaction prices ranging from $191.40 to $191.51, generating a total of $191,418. The sale occurred as WAB, a $33 billion market cap company, trades near its InvestingPro Fair Value, with shares up 15% over the past year.
Following the sale, Hehir maintains direct ownership of 20,852.54 shares. Additionally, he holds 4,200 shares indirectly through the Brian P. Hehir and Janet S. Hehir Foundation. The company maintains a strong financial profile, earning a "GOOD" health score from InvestingPro, and has maintained dividend payments for 31 consecutive years. Discover more insights about WAB and access comprehensive analysis of 1,400+ stocks with an InvestingPro subscription.
In other recent news, Wabtec reported first-quarter earnings for 2025, surpassing analyst expectations with an adjusted earnings per share (EPS) of $2.28, against a forecast of $2.03. The company’s revenue for the quarter met expectations at $2.61 billion, reflecting a 4.5% increase compared to the same period last year. Wabtec also raised its adjusted EPS guidance for the fiscal year 2025 to a range of $8.35 to $8.95, indicating a 14% increase at the midpoint. The company attributed its strong performance to significant international sales, effective cost management, and a robust backlog, with a 6.3% increase in the 12-month backlog and a 1.0% growth in the multi-year backlog.
Additionally, Wabtec secured major international contracts, further boosting its backlog and demonstrating confidence in future growth. The company’s President and CEO, Rafael Santana, emphasized the profitability of Wabtec’s international operations, which are outpacing North American growth. Despite economic uncertainties and challenges such as tariffs, Wabtec remains optimistic about maintaining strong operating cash flow conversion of over 90% for the full year 2025. The company also returned $141 million to shareholders through dividends and share repurchases, highlighting its commitment to shareholder value.
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