Hodges Capital Management Inc. Sells 207,545 Shares of Greenbrier Companies, Inc. (The) $GBX

Key Points

• Hodges Capital Management Inc. has reduced its stake in Greenbrier Companies, Inc. by 59.6% during the first quarter, now holding approximately 0.45% of the company's shares worth $7.21 million.
• Greenbrier Companies recently reported quarterly earnings of $1.86 EPS, significantly exceeding analysts' expectations of $0.99, and utilized a net margin of 6.48%.
• The company declared a quarterly dividend of $0.32 per share, translating to an annual yield of 2.7%, with a dividend payout ratio of 18.13%.

Hodges Capital Management Inc. trimmed its holdings in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 59.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 140,780 shares of the transportation company's stock after selling 207,545 shares during the period. Hodges Capital Management Inc. owned approximately 0.45% of Greenbrier Companies worth $7,211,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC grew its position in shares of Greenbrier Companies by 260.2% during the 1st quarter. Millennium Management LLC now owns 741,760 shares of the transportation company's stock worth $37,993,000 after buying an additional 535,843 shares during the period. Cubist Systematic Strategies LLC increased its holdings in Greenbrier Companies by 268.6% during the first quarter. Cubist Systematic Strategies LLC now owns 379,073 shares of the transportation company's stock worth $19,416,000 after buying an additional 276,228 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Greenbrier Companies by 6.8% in the first quarter. Vanguard Group Inc. now owns 3,778,630 shares of the transportation company's stock valued at $193,541,000 after purchasing an additional 242,180 shares during the last quarter. Nuveen LLC acquired a new position in shares of Greenbrier Companies in the first quarter valued at $6,602,000. Finally, Driehaus Capital Management LLC acquired a new position in shares of Greenbrier Companies in the first quarter valued at about $5,966,000. 95.59% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO William J. Krueger sold 4,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $48.00, for a total transaction of $192,000.00. Following the sale, the chief operating officer directly owned 32,714 shares of the company's stock, valued at $1,570,272. This trade represents a 10.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Wanda F. Felton sold 3,652 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $54.31, for a total value of $198,340.12. Following the sale, the director directly owned 3,000 shares in the company, valued at $162,930. This trade represents a 54.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,379 shares of company stock valued at $595,213. 1.78% of the stock is currently owned by corporate insiders.

Greenbrier Companies Stock Up 0.8%

GBX stock traded up $0.38 during midday trading on Monday, hitting $46.52. The stock had a trading volume of 192,315 shares, compared to its average volume of 445,758. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 6.59, a price-to-earnings-growth ratio of 1.53 and a beta of 1.72. The business has a 50-day moving average of $47.49 and a two-hundred day moving average of $47.39. Greenbrier Companies, Inc. has a 52-week low of $37.77 and a 52-week high of $71.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 0.82.

Greenbrier Companies (NYSE:GBX - Get Free Report) last released its earnings results on Tuesday, July 1st. The transportation company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.87. Greenbrier Companies had a return on equity of 14.56% and a net margin of 6.48%.The firm had revenue of $842.70 million for the quarter, compared to analysts' expectations of $785.72 million. During the same period in the prior year, the firm posted $1.06 earnings per share. The company's quarterly revenue was up 2.7% on a year-over-year basis. Greenbrier Companies has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 7th. Investors of record on Thursday, July 17th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, July 17th. This represents a $1.28 annualized dividend and a dividend yield of 2.8%. Greenbrier Companies's dividend payout ratio (DPR) is 18.13%.

Analyst Ratings Changes

Several research firms recently weighed in on GBX. Wall Street Zen raised shares of Greenbrier Companies from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Susquehanna raised their price objective on shares of Greenbrier Companies from $52.00 to $57.00 and gave the stock a "positive" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $59.50.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.