The Greenbrier Companies, Inc. (NYSE:GBX) Stock Position Raised by Hodges Capital Management Inc.

Hodges Capital Management Inc. boosted its position in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 216.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,094 shares of the transportation company's stock after buying an additional 218,294 shares during the quarter. Greenbrier Companies accounts for approximately 1.0% of Hodges Capital Management Inc.'s holdings, making the stock its 27th biggest holding. Hodges Capital Management Inc. owned about 1.02% of Greenbrier Companies worth $16,239,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GBX. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Greenbrier Companies by 1.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,767 shares of the transportation company's stock valued at $80,111,000 after buying an additional 18,552 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Greenbrier Companies by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,923 shares of the transportation company's stock worth $32,006,000 after acquiring an additional 2,536 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Greenbrier Companies by 6.7% in the third quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company's stock valued at $26,154,000 after buying an additional 32,191 shares during the last quarter. Encompass Capital Advisors LLC acquired a new stake in Greenbrier Companies during the second quarter valued at approximately $19,820,000. Finally, LSV Asset Management grew its position in shares of Greenbrier Companies by 12.9% in the 2nd quarter. LSV Asset Management now owns 246,233 shares of the transportation company's stock worth $12,201,000 after acquiring an additional 28,100 shares in the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Greenbrier Companies news, COO William J. Krueger sold 2,000 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $58.78, for a total value of $117,560.00. Following the transaction, the chief operating officer now owns 48,714 shares of the company's stock, valued at approximately $2,863,408.92. This represents a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ricardo Galvan sold 1,976 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $58.00, for a total value of $114,608.00. Following the sale, the senior vice president now owns 33,776 shares of the company's stock, valued at $1,959,008. This trade represents a 5.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,703 shares of company stock worth $790,338. 1.78% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Susquehanna raised their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the stock a "positive" rating in a research note on Monday, October 21st. StockNews.com downgraded Greenbrier Companies from a "hold" rating to a "sell" rating in a report on Friday, August 23rd. Finally, Bank of America upped their price objective on Greenbrier Companies from $42.00 to $50.00 and gave the stock an "underperform" rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $60.00.

Greenbrier Companies Stock Performance

GBX stock traded up $0.28 on Friday, reaching $67.49. The company's stock had a trading volume of 113,403 shares, compared to its average volume of 218,526. The firm has a fifty day moving average of $59.80 and a two-hundred day moving average of $52.64. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.58 and a quick ratio of 0.87. The company has a market capitalization of $2.12 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 1.98 and a beta of 1.53. The Greenbrier Companies, Inc. has a 52 week low of $38.35 and a 52 week high of $69.12.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.60. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The company's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. As a group, analysts predict that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Wednesday, November 6th. Greenbrier Companies's dividend payout ratio (DPR) is presently 24.14%.

About Greenbrier Companies

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.