Hodges Capital Management Inc. Has $2.55 Million Position in Greenbrier Companies, Inc. (The) $GBX

Hodges Capital Management Inc. lifted its stake in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) by 61.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,630 shares of the transportation company’s stock after purchasing an additional 20,835 shares during the quarter. Hodges Capital Management Inc.’s holdings in Greenbrier Companies were worth $2,553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Intech Investment Management LLC grew its position in Greenbrier Companies by 159.0% during the 3rd quarter. Intech Investment Management LLC now owns 71,276 shares of the transportation company’s stock worth $3,291,000 after acquiring an additional 43,759 shares during the last quarter. Vanguard Group Inc. raised its position in Greenbrier Companies by 1.3% in the third quarter. Vanguard Group Inc. now owns 3,894,314 shares of the transportation company’s stock valued at $179,800,000 after purchasing an additional 51,624 shares during the last quarter. Fox Run Management L.L.C. raised its position in Greenbrier Companies by 330.6% in the third quarter. Fox Run Management L.L.C. now owns 34,091 shares of the transportation company’s stock valued at $1,574,000 after purchasing an additional 26,173 shares during the last quarter. Algert Global LLC boosted its stake in shares of Greenbrier Companies by 106.8% during the third quarter. Algert Global LLC now owns 395,503 shares of the transportation company’s stock valued at $18,260,000 after purchasing an additional 204,229 shares in the last quarter. Finally, Royal Fund Management LLC boosted its stake in shares of Greenbrier Companies by 35.6% during the fourth quarter. Royal Fund Management LLC now owns 84,607 shares of the transportation company’s stock valued at $3,956,000 after purchasing an additional 22,216 shares in the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Greenbrier Companies Stock Down 1.9%

Shares of NYSE:GBX opened at $47.07 on Thursday. The firm has a market cap of $1.46 billion, a P/E ratio of 10.17 and a beta of 1.44. Greenbrier Companies, Inc. has a 12-month low of $38.23 and a 12-month high of $59.19. The business has a fifty day simple moving average of $49.24 and a 200 day simple moving average of $50.14.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Tuesday, April 7th. The transportation company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.35). Greenbrier Companies had a net margin of 5.12% and a return on equity of 8.94%. The company had revenue of $587.50 million during the quarter, compared to the consensus estimate of $667.02 million. During the same quarter last year, the firm posted $1.56 EPS. The company’s quarterly revenue was down 22.9% on a year-over-year basis. As a group, equities research analysts expect that Greenbrier Companies, Inc. will post 3.2 EPS for the current year.

Greenbrier Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, April 20th were issued a $0.34 dividend. The ex-dividend date was Monday, April 20th. This is a boost from Greenbrier Companies’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 2.9%. Greenbrier Companies’s dividend payout ratio (DPR) is currently 29.37%.

Wall Street Analysts Forecast Growth

GBX has been the subject of several recent research reports. Weiss Ratings downgraded Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Zacks Research upgraded shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $49.00.

Greenbrier Companies Company Profile

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.