Greenbrier Companies Inc (NYSE:GBX) announced a quarterly dividend on Thursday, January 4th, Zacks reports. Shareholders 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 dividend on an annualized basis 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%.
Shares of Greenbrier Companies (NYSE GBX) opened at $52.35 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47. Greenbrier Companies has a 1-year low of $40.45 and a 1-year high of $54.45. The firm has a market capitalization of $1,480.95, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.33 and a beta of 1.95.
In other news, SVP Martin Raymond Baker sold 6,777 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $51.81, for a total value of $351,116.37. Following the completion of the sale, the senior vice president now directly owns 11,030 shares in the company, valued at approximately $571,464.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Alejandro Centurion sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $52.21, for a total value of $287,155.00. Following the completion of the sale, the executive vice president now owns 19,593 shares of the company’s stock, valued at $1,022,950.53. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 289,830 shares of company stock valued at $13,856,712. 2.46% of the stock is currently owned by company insiders.
A number of analysts have weighed in on GBX shares. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 price target (up from $51.00) on shares of Greenbrier Companies in a report on Thursday, October 5th. Seaport Global Securities started coverage on Greenbrier Companies in a report on Thursday, January 4th. They set a “buy” rating and a $65.00 price target for the company. KeyCorp reiterated a “buy” rating and set a $60.00 price target on shares of Greenbrier Companies in a report on Tuesday, October 24th. Buckingham Research increased their price target on Greenbrier Companies from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, October 5th. Finally, Cowen restated an “outperform” rating and issued a $58.00 target price (up from $57.00) on shares of Greenbrier Companies in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.00.
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Greenbrier Companies Company Profile
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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