FreightCar America, Inc. (NASDAQ:RAIL) insider Theodore W. Baun sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $17.11, for a total value of $17,110.00. Following the completion of the sale, the insider now owns 19,966 shares in the company, valued at approximately $341,618.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FreightCar America, Inc. (NASDAQ:RAIL) traded down 0.35% during trading on Monday, hitting $16.88. The stock had a trading volume of 110,227 shares. The stock’s 50-day moving average is $14.91 and its 200 day moving average is $14.43. FreightCar America, Inc. has a one year low of $10.87 and a one year high of $18.19. The firm has a market cap of $209.65 million, a price-to-earnings ratio of 803.81 and a beta of 1.70.

FreightCar America (NASDAQ:RAIL) last announced its quarterly earnings data on Monday, February 27th. The transportation company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.13. The business had revenue of $135.50 million during the quarter, compared to analysts’ expectations of $118.33 million. FreightCar America had a net margin of 4.04% and a return on equity of 6.41%. FreightCar America’s revenue for the quarter was down 33.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. Equities analysts anticipate that FreightCar America, Inc. will post ($0.18) earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Thursday, May 18th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Tuesday, May 16th. FreightCar America’s dividend payout ratio is currently 18.65%.

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A number of brokerages recently commented on RAIL. Zacks Investment Research upgraded FreightCar America from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, May 10th. Cowen and Company reiterated a “market perform” rating and issued a $13.00 target price on shares of FreightCar America in a research report on Monday, March 6th. Finally, Stifel Nicolaus upped their target price on FreightCar America from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, March 1st.

Large investors have recently made changes to their positions in the stock. Fred Alger Management Inc. acquired a new stake in shares of FreightCar America during the fourth quarter worth approximately $119,000. Wexford Capital LP acquired a new stake in shares of FreightCar America during the fourth quarter worth approximately $159,000. Ironwood Investment Management LLC increased its stake in shares of FreightCar America by 3.8% in the first quarter. Ironwood Investment Management LLC now owns 11,730 shares of the transportation company’s stock worth $147,000 after buying an additional 433 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of FreightCar America during the first quarter worth approximately $155,000. Finally, Eqis Capital Management Inc. increased its stake in shares of FreightCar America by 0.8% in the first quarter. Eqis Capital Management Inc. now owns 13,444 shares of the transportation company’s stock worth $168,000 after buying an additional 104 shares in the last quarter. 80.64% of the stock is owned by institutional investors and hedge funds.

FreightCar America Company Profile

FreightCar America, Inc is a manufacturer of railcars and railcar components. The Company operates in the Manufacturing segment. The Company designs and manufactures a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars.

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