Hodges Capital Management Inc. Purchases 29,231 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Hodges Capital Management Inc. raised its stake in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 9.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 348,325 shares of the transportation company's stock after buying an additional 29,231 shares during the quarter. Greenbrier Companies makes up about 1.3% of Hodges Capital Management Inc.'s investment portfolio, making the stock its 20th largest holding. Hodges Capital Management Inc. owned about 1.11% of Greenbrier Companies worth $21,244,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Millennium Management LLC boosted its stake in Greenbrier Companies by 77.4% during the 2nd quarter. Millennium Management LLC now owns 144,221 shares of the transportation company's stock valued at $7,146,000 after purchasing an additional 62,911 shares during the period. von Borstel & Associates Inc. acquired a new position in shares of Greenbrier Companies during the third quarter worth approximately $1,823,000. Victory Capital Management Inc. grew its holdings in Greenbrier Companies by 6.7% in the 3rd quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company's stock worth $26,154,000 after buying an additional 32,191 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Greenbrier Companies by 125.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 47,476 shares of the transportation company's stock valued at $2,416,000 after acquiring an additional 26,457 shares during the period. Finally, De Lisle Partners LLP raised its stake in shares of Greenbrier Companies by 36.3% during the third quarter. De Lisle Partners LLP now owns 93,949 shares of the transportation company's stock valued at $4,777,000 after purchasing an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 95.59% of the company's stock.

Insider Activity

In other news, COO William J. Krueger sold 2,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $63.21, for a total transaction of $126,420.00. Following the sale, the chief operating officer now owns 42,714 shares in the company, valued at approximately $2,699,951.94. This represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.78% of the stock is owned by corporate insiders.

Greenbrier Companies Stock Down 0.6 %

Shares of NYSE GBX traded down $0.39 during mid-day trading on Thursday, reaching $65.21. 217,044 shares of the company traded hands, compared to its average volume of 423,104. The company's fifty day moving average is $65.22 and its two-hundred day moving average is $57.09. The Greenbrier Companies, Inc. has a fifty-two week low of $41.40 and a fifty-two week high of $71.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.84 and a current ratio of 1.53. The stock has a market cap of $2.04 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 0.96 and a beta of 1.52.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.56. The firm had revenue of $875.90 million for the quarter, compared to analyst estimates of $849.51 million. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The company's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 earnings per share. On average, analysts expect that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, January 29th. Greenbrier Companies's dividend payout ratio (DPR) is 20.94%.

Wall Street Analysts Forecast Growth

GBX has been the subject of a number of research analyst reports. Susquehanna upped their price target on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a "positive" rating in a research note on Monday, October 21st. Bank of America increased their price target on Greenbrier Companies from $60.00 to $62.00 and gave the company an "underperform" rating in a research note on Thursday, January 9th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Greenbrier Companies currently has a consensus rating of "Hold" and an average price target of $63.00.

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.