Hodges Capital Management Inc. Has $2.27 Million Stock Holdings in Greenbrier Companies, Inc. (The) $GBX

Hodges Capital Management Inc. reduced its stake in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 64.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,375 shares of the transportation company’s stock after selling 91,405 shares during the period. Hodges Capital Management Inc. owned 0.16% of Greenbrier Companies worth $2,274,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Moors & Cabot Inc. boosted its stake in shares of Greenbrier Companies by 5.9% in the second quarter. Moors & Cabot Inc. now owns 12,650 shares of the transportation company’s stock valued at $583,000 after buying an additional 700 shares during the period. Bank of Montreal Can lifted its position in shares of Greenbrier Companies by 29.3% during the 2nd quarter. Bank of Montreal Can now owns 17,946 shares of the transportation company’s stock valued at $826,000 after acquiring an additional 4,072 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of Greenbrier Companies by 34.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 6,141 shares of the transportation company’s stock worth $283,000 after purchasing an additional 1,558 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Greenbrier Companies in the second quarter worth $2,335,000. Finally, Nisa Investment Advisors LLC increased its position in shares of Greenbrier Companies by 22.3% in the second quarter. Nisa Investment Advisors LLC now owns 11,738 shares of the transportation company’s stock worth $541,000 after purchasing an additional 2,140 shares during the period. 95.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Zacks Research downgraded shares of Greenbrier Companies from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Wall Street Zen downgraded shares of Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 1st. Susquehanna reduced their price target on shares of Greenbrier Companies from $57.00 to $52.00 and set a “positive” rating on the stock in a research report on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Greenbrier Companies in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Greenbrier Companies has an average rating of “Reduce” and an average price target of $57.00.

Greenbrier Companies Price Performance

GBX stock opened at $43.01 on Monday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 6.83, a P/E/G ratio of 1.82 and a beta of 1.75. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.43 and a quick ratio of 0.82. The company has a 50 day simple moving average of $45.28 and a 200 day simple moving average of $46.25. Greenbrier Companies, Inc. has a 1 year low of $37.77 and a 1 year high of $71.06.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Wednesday, May 31st. The transportation company reported $0.05 earnings per share for the quarter. Greenbrier Companies had a net margin of 6.30% and a return on equity of 12.90%. The firm had revenue of $766.50 million for the quarter. Research analysts anticipate that Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, November 12th. Greenbrier Companies’s dividend payout ratio is presently 20.32%.

Greenbrier Companies 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.