Ricardo Galvan, Senior Vice President of Operations and Maintenance Services at Greenbrier Companies Inc . (NYSE:GBX), recently sold 4,950 shares of the company's common stock. The transaction, which took place on November 6, 2024, was executed at a price of $65.00 per share, amounting to a total value of $321,750.
Following this sale, Galvan retains ownership of 27,472.174 shares in the company. This figure includes 34.245 shares acquired through the Greenbrier Companies Employee Stock Purchase Plan on November 4, 2024. The transaction was filed with the Securities and Exchange Commission on November 8, 2024.
In other recent news, The Greenbrier Companies reported a strong performance for the fourth quarter and the full fiscal year of 2024. The company's EBITDA reached $159 million in Q4, and the gross margin improved to 18.2%, a significant rise from previous periods. For the entire fiscal year, the gross margin increased to 15.8%, marking a substantial advancement compared to fiscal 2023.
Greenbrier's strategic initiatives are set to double recurring leasing revenue by fiscal 2028 and project new railcar deliveries between 22,500 and 25,000 units for fiscal 2025. The company also declared a quarterly dividend of $0.30 per share, continuing its trend of shareholder returns.
Looking forward, Greenbrier forecasts revenue of $3.35 billion to $3.65 billion for fiscal 2025, with an improvement in gross margin to 16% to 16.5%. The company also plans capital expenditures of approximately $395 million in leasing and management services for the upcoming fiscal year. These recent developments highlight Greenbrier's strong financial health and commitment to growth.
InvestingPro Insights
The recent stock sale by Ricardo Galvan comes at an interesting time for Greenbrier Companies Inc. (NYSE:GBX). According to InvestingPro data, the company's stock is trading near its 52-week high, with a price that is 97.25% of its peak. This aligns with the strong performance observed in recent periods, as evidenced by the impressive total returns of 31.51% over the past month and 85.3% over the last year.
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 1.86%. Additionally, the company's liquid assets exceed short-term obligations, suggesting a solid financial position.
From a valuation perspective, GBX's P/E ratio of 12.56 indicates that the stock may be reasonably priced compared to its earnings. The company's revenue for the last twelve months as of Q4 2024 was $3,544.7 million, with a gross profit margin of 15.76%.
It's worth noting that while the stock has shown significant returns, an InvestingPro Tip suggests that the RSI indicates the stock may be in overbought territory. This could provide context for Mr. Galvan's decision to sell a portion of his holdings.
For investors seeking a more comprehensive analysis, InvestingPro offers 12 additional tips for GBX, providing a deeper understanding of the company's financial health and market position.
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