WBI (NYSE:WBI) Hits New 12-Month High After Analyst Upgrade

Posted by Brenda Bartman on Jul 17th, 2026

WBI (NYSE:WBI – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday after The Goldman Sachs Group raised their price target on the stock from $36.00 to $41.00. The Goldman Sachs Group currently has a buy rating on the stock. WBI traded as high as $36.37 and last traded at $35.4970, with a volume of 18438 shares changing hands. The stock had previously closed at $34.77.

A number of other equities research analysts also recently issued reports on WBI. Wall Street Zen upgraded WBI from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Morgan Stanley lifted their target price on WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Weiss Ratings raised WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Finally, Barclays increased their price target on WBI from $29.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, WBI currently has an average rating of “Moderate Buy” and an average target price of $34.20.

View Our Latest Stock Analysis on WBI

Insider Buying and Selling at WBI

In other news, major shareholder Wbr Holdings Llc sold 5,894,826 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $30.05, for a total transaction of $177,139,521.30. Following the transaction, the insider directly owned 1,980,921 shares in the company, valued at approximately $59,526,676.05. This trade represents a 74.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Waterbridge Resources Llc sold 5,894,826 shares of WBI stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $30.05, for a total transaction of $177,139,521.30. Following the transaction, the insider directly owned 1,980,921 shares in the company, valued at approximately $59,526,676.05. The trade was a 74.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 19,439,652 shares of company stock valued at $584,161,543 in the last ninety days. Company insiders own 50.61% of the company’s stock.

WBI Trading Up 0.8%

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $4.30 billion and a PE ratio of 139.27. The company has a 50-day simple moving average of $31.12.

WBI (NYSE:WBI – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $200.98 million for the quarter. As a group, research analysts expect that WBI will post 0.37 earnings per share for the current year.

WBI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. WBI’s payout ratio is presently 80.00%.