The Greenbrier Companies, Inc. (NYSE:GBX) to Issue $0.30 Quarterly Dividend

The Greenbrier Companies, Inc. (NYSE:GBX) declared a quarterly dividend on Friday, October 18th, RTT News reports. Stockholders of record on Wednesday, November 6th will be given a dividend of 0.30 per share by the transportation company on Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.30%.

Greenbrier Companies has raised its dividend payment by an average of 1.8% annually over the last three years. Greenbrier Companies has a payout ratio of 27.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Greenbrier Companies to earn $4.40 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 27.3%.

Greenbrier Companies Stock Down 1.0 %

GBX opened at $52.09 on Friday. Greenbrier Companies has a 1 year low of $32.00 and a 1 year high of $58.00. The firm has a 50 day moving average price of $48.61 and a 200 day moving average price of $49.85. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73. The company has a market cap of $1.62 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 0.60 and a beta of 1.53.

Insider Buying and Selling at Greenbrier Companies

In related news, SVP Laurie R. Dornan sold 5,935 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $50.92, for a total transaction of $302,210.20. Following the completion of the sale, the senior vice president now directly owns 23,226 shares of the company’s stock, valued at approximately $1,182,667.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat, Greenbrier Companies has a consensus rating of “Moderate Buy” and a consensus price target of $62.67.

Greenbrier Companies Company 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.