Greenbrier Companies Inc (NYSE:GBX) declared a quarterly dividend on Thursday, January 4th, Zacks reports. Investors of record on Friday, January 26th will be paid a dividend of 0.23 per share by the transportation company on Friday, February 16th. This represents a $0.92 annualized dividend and a yield of 1.76%. The ex-dividend date is Thursday, January 25th.
Greenbrier Companies has raised its dividend payment by an average of 43.1% annually over the last three years. Greenbrier Companies has a dividend payout ratio of 22.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Greenbrier Companies to earn $4.10 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 22.4%.
Greenbrier Companies (GBX) opened at $52.35 on Friday. Greenbrier Companies has a 1 year low of $40.45 and a 1 year high of $54.45. The firm has a market cap of $1,480.95, a PE ratio of 14.15, a P/E/G ratio of 1.33 and a beta of 1.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.96 and a quick ratio of 2.04.
GBX has been the topic of several recent research reports. ValuEngine raised shares of Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $60.00 price target (up previously from $51.00) on shares of Greenbrier Companies in a research report on Thursday, October 5th. KeyCorp reaffirmed a “buy” rating and issued a $60.00 price target on shares of Greenbrier Companies in a research report on Tuesday, October 24th. Cowen reaffirmed an “outperform” rating and issued a $58.00 price target (up previously from $57.00) on shares of Greenbrier Companies in a research report on Thursday, October 5th. Finally, Buckingham Research raised their price target on shares of Greenbrier Companies from $45.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.00.
In other Greenbrier Companies news, EVP Alejandro Centurion sold 5,500 shares of Greenbrier Companies stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $52.21, for a total transaction of $287,155.00. Following the transaction, the executive vice president now owns 19,593 shares of the company’s stock, valued at approximately $1,022,950.53. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Martin Raymond Baker sold 6,777 shares of Greenbrier Companies stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $51.81, for a total transaction of $351,116.37. Following the transaction, the senior vice president now directly owns 11,030 shares in the company, valued at approximately $571,464.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 289,830 shares of company stock worth $13,856,712. Insiders own 2.46% of the company’s stock.
About Greenbrier Companies
The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.
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