Greenbrier Companies, Inc. (The) (NYSE:GBX) to Issue Quarterly Dividend of $0.32

Key Points

• Greenbrier Companies, Inc. declared a quarterly dividend of $0.32 per share, with investors of record to be paid on December 3rd, yielding an annualized rate of 2.8%.
• The company's dividend payout ratio is 27.2%, indicating strong coverage by earnings, with analysts predicting earnings of $6.25 per share for the next year.
• Greenbrier stock has exhibited a market capitalization of $1.40 billion, with a PE ratio of 6.43 and a recent trading price around $45.37.

Greenbrier Companies, Inc. (The) (NYSE:GBX - Get Free Report) declared a quarterly dividend on Thursday, October 23rd. Investors of record on Wednesday, November 12th will be paid a dividend of 0.32 per share by the transportation company on Wednesday, December 3rd. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, November 12th.

Greenbrier Companies has a dividend payout ratio of 27.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Greenbrier Companies to earn $6.25 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 20.5%.

Greenbrier Companies Stock Performance

NYSE GBX opened at $45.37 on Friday. The stock has a market capitalization of $1.40 billion, a PE ratio of 6.43, a P/E/G ratio of 1.51 and a beta of 1.76. Greenbrier Companies has a 1-year low of $37.77 and a 1-year high of $71.06. The business has a 50 day simple moving average of $46.04 and a two-hundred day simple moving average of $46.05. 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 posted its earnings results on Wednesday, May 31st. The transportation company reported $0.05 EPS for the quarter. Greenbrier Companies had a return on equity of 14.56% and a net margin of 6.48%.The firm had revenue of $766.50 million during the quarter. On average, research analysts predict that Greenbrier Companies will post 5.9 EPS for the current fiscal year.

Insider Activity

In other Greenbrier Companies news, Director James R. Huffines bought 2,500 shares of the company's stock in a transaction on Friday, August 8th. The stock was acquired at an average price of $44.84 per share, for a total transaction of $112,100.00. Following the completion of the transaction, the director directly owned 13,909 shares of the company's stock, valued at approximately $623,679.56. This represents a 21.91% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Greenbrier Companies during the first quarter valued at approximately $586,000. New York State Teachers Retirement System boosted its position in shares of Greenbrier Companies by 27.2% during the first quarter. New York State Teachers Retirement System now owns 13,848 shares of the transportation company's stock valued at $709,000 after buying an additional 2,960 shares during the period. Amundi boosted its position in shares of Greenbrier Companies by 141.0% during the first quarter. Amundi now owns 37,934 shares of the transportation company's stock valued at $1,787,000 after buying an additional 22,194 shares during the period. Mengis Capital Management Inc. purchased a new position in shares of Greenbrier Companies during the second quarter valued at approximately $576,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in shares of Greenbrier Companies by 66.1% during the first quarter. Dynamic Technology Lab Private Ltd now owns 18,010 shares of the transportation company's stock valued at $922,000 after buying an additional 7,168 shares during the period. Hedge funds and other institutional investors own 95.59% of the company's stock.

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.

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