Brian J. Comstock, Executive Vice President and President of The Americas at Greenbrier (NYSE:GBX) Companies Inc. (NYSE:GBX), has sold a significant portion of his holdings in the company. According to a recent SEC filing, Comstock sold a total of 30,000 shares over two days, amounting to approximately $1.84 million. The sales occurred on October 29 and 30, with prices per share ranging from $60.591 to $61.4644.
Following these transactions, Comstock retains ownership of 61,094.7779 shares in Greenbrier. The sales were executed directly and were part of routine stock management activities by the executive.
In other recent news, Greenbrier Companies reported significant growth in their fourth quarter and full-year fiscal 2024 results. The company's EBITDA rose to $159 million, and it saw a gross margin improvement to 18.2% in Q4, marking a 310 basis point sequential increase. In addition, the full-year gross margin rose to 15.8%, a notable 460 basis point increase compared to fiscal 2023.
Greenbrier's strategic plans are aimed at future growth, with projections to double recurring revenue from leasing activities by fiscal 2028. The company also anticipates new railcar deliveries between 22,500 and 25,000 units for fiscal 2025. Furthermore, Greenbrier has forecasted revenue of $3.35 billion to $3.65 billion for the fiscal year 2025.
The company's management expects an improvement in gross margin to 16% to 16.5% for fiscal 2025, with operating margins projected to be between 9.2% and 9.7%. Planned capital expenditures are around $395 million in leasing and management services for the upcoming fiscal year. These recent developments reflect Greenbrier's commitment to growth and shareholder value.
InvestingPro Insights
The recent stock sale by Brian J. Comstock comes at a time when Greenbrier Companies Inc . (NYSE:GBX) is experiencing strong market performance. According to InvestingPro data, GBX has seen a remarkable 80.17% price total return over the past year, with the stock currently trading at 93.46% of its 52-week high. This robust performance is reflected in the company's valuation, with a P/E ratio of 12.29, suggesting the stock may still be reasonably priced despite its recent gains.
InvestingPro Tips highlight that GBX has maintained dividend payments for 11 consecutive years, which may be attractive to income-focused investors. The current dividend yield stands at 1.98%. Additionally, the company's liquid assets exceed short-term obligations, indicating a solid financial position.
However, investors should note that the stock's RSI suggests it may be in overbought territory, which could signal a potential pullback. This aligns with another InvestingPro Tip indicating that GBX stock price movements are quite volatile.
For those interested in a deeper analysis, InvestingPro offers 11 additional tips for GBX, providing a more comprehensive view of the company's financial health and market position.
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