Wabtec executive David DeNinno sells $903,922 in company stock By Investing.com

David L. DeNinno, Executive Vice President, General Counsel, and Secretary at Westinghouse Air Brake Technologies Corp (), sold 3,000 shares of the company’s common stock on July 24, 2026, for a total value of $903,922.

The shares were sold at a weighted average price of $301.3076 per share. Individual transactions occurred within a price range of $301.06 to $301.54. Following this transaction, Mr. DeNinno directly holds 55,128 shares of Westinghouse Air Brake Technologies Corp common stock.The insider sale comes as WAB trades at $299.55, near its 52-week high of $302.96, with shares up 54% over the past year. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value and trades at a P/E ratio of 40.2. The platform offers 18 additional ProTips and comprehensive Pro Research Reports for deeper analysis.

In other recent news, Wabtec Corp. reported its second-quarter 2026 earnings, surpassing Wall Street expectations. The company achieved adjusted earnings of $2.76 per share on revenue of $3.18 billion, exceeding the anticipated $2.60 per share and $3.07 billion in revenue. This performance reflects a 17.5% increase in sales and a 21.6% rise in adjusted profit compared to the previous year. Additionally, Wabtec has raised its future outlook, indicating strong demand across its business sectors. In related developments, Stephens has raised its price target for Westinghouse Air Brake Technologies Corp. to $330 from $320, maintaining an Overweight rating. The firm highlighted the company’s 2026 outlook, which suggests a 20% year-over-year growth in adjusted earnings per share. These recent developments underscore the positive trajectory of Wabtec’s financial performance and market position.

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