Smith Graham & Co. Investment Advisors LP decreased its stake in Trinity Industries Inc. (NYSE:TRN) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 179,110 shares of the company’s stock after selling 1,030 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in Trinity Industries were worth $3,326,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. MU Investments Co. Ltd. bought a new position in shares of Trinity Industries during the second quarter worth approximately $112,000. LS Investment Advisors LLC raised its stake in shares of Trinity Industries by 71.6% in the second quarter. LS Investment Advisors LLC now owns 9,285 shares of the company’s stock worth $172,000 after buying an additional 3,875 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Trinity Industries during the first quarter worth about $195,000. Wellington Management Group LLP acquired a new stake in shares of Trinity Industries during the first quarter worth about $241,000. Finally, Fulton Bank N.A. raised its stake in shares of Trinity Industries by 1.4% in the second quarter. Fulton Bank N.A. now owns 15,619 shares of the company’s stock worth $290,000 after buying an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.
Shares of Trinity Industries Inc. (NYSE:TRN) traded up 0.67% on Friday, reaching $24.18. The company had a trading volume of 1,362,308 shares. The firm has a market capitalization of $3.68 billion, a PE ratio of 6.25 and a beta of 2.24. The firm’s 50 day moving average is $24.10 and its 200 day moving average is $20.45. Trinity Industries Inc. has a 12 month low of $14.94 and a 12 month high of $30.38.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.14. Trinity Industries had a net margin of 10.91% and a return on equity of 14.62%. The company earned $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the company earned $1.33 EPS. On average, equities research analysts expect that Trinity Industries Inc. will post $2.20 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.17%. Trinity Industries’s dividend payout ratio is presently 11.37%.
A number of brokerages recently issued reports on TRN. Stifel Nicolaus raised their price target on Trinity Industries from $20.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday. Credit Agricole SA assumed coverage on Trinity Industries in a research report on Friday. They set an “underperform” rating for the company. Cowen and Company lifted their target price on Trinity Industries from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, July 25th. Susquehanna lowered Trinity Industries from a “positive” rating to a “neutral” rating and lifted their target price for the company from $23.00 to $24.00 in a research report on Monday, July 25th. Finally, Longbow Research lowered Trinity Industries from a “buy” rating to a “neutral” rating in a research report on Monday, June 20th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of €19.43 ($21.59).
Trinity Industries Company Profile
Trinity Industries, Inc is a diversified industrial company that owns a range of businesses providing products and services to the energy, transportation, chemical and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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