Westinghouse Air Brake (WAB) Among The Best Non-AI Stocks in Billionaire Stanley Druckenmiller Portfolio

Druckenmiller’s Stake: $23,715,000

Westinghouse Air Brake Technologies (NYSE:WAB) makes locomotives, braking systems and obstruction instrumentality utilized by freight railroads and transit operators.

A planetary replacement rhythm successful obstruction bodes good for the stock. Locomotive fleets are aging, with astir a 4th of North American locomotives much than 20 years old, and galore inactive moving older technology. That is pushing obstruction operators, governments, and miners to walk heavy connected upgrades and caller equipment. This is showing up straight successful Wabtec’s bid publication done ample contracts and modernization programs.

Westinghouse Air Brake Technologies (NYSE:WAB) is seeing beardown declaration momentum from large obstruction operators. Recent orders see astir $1.2 cardinal from Union Pacific for AC locomotive modernizations, astir $700 cardinal from CSX for caller locomotives and upgrades, positive further deals from Norfolk Southern and the New York MTA. Internationally, Kazakhstan signed a astir $4.2 cardinal locomotive and services deal, portion mining customers similar Rio Tinto, BHP, and Vale are besides contributing to demand.

Analysts expect astir 10% gross maturation successful 2026 and high-single-digit maturation beyond that.

TCW Relative Value Mid Cap Fund stated the pursuing regarding Westinghouse Air Brake Technologies Corporation (NYSE:WAB) successful its fourth 4th 2025 capitalist letter:

“The concern successful Westinghouse Air Brake Technologies Corporation (NYSE:WAB) was eliminated implicit a tenable interest that its halfway freight concern volition travel nether unit from immoderate incremental Class 1 railroad consolidation scenario. Wabtec absorption deserves recognition for infusing and nurturing a thin operating civilization that has helped done rhythm margins and currency f low. Its thin operating playbook extended into disciplined M&A wherever Wabtec buys products, improves operating performance, and cross-sells these products into its freight and transit lawsuit base. However, fixed that much than fractional of Wabtec’s revenues are derived from customer-concentrated freight extremity markets, it is tenable to judge that galore precocious borderline and high-ticket products could beryllium pressured implicit the mean word if incremental obstruction consolidation owed to 1 oregon 2 transcontinental railroads improves transcontinental web fluidity and stronger lawsuit procurement leverage implicit Wabtec. Given these tenable medium-term concerns, the presumption was eliminated (Click Here to Read the Letter successful Detail).”