Gargoyle Investment Advisor L.L.C. held its position in shares of Trinity Industries Inc. (NYSE:TRN) during the second quarter, Holdings Channel reports. The institutional investor owned 33,478 shares of the company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in Trinity Industries were worth $622,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of TRN. MU Investments Co. Ltd. bought a new position in shares of Trinity Industries during the second quarter valued at $112,000. LS Investment Advisors LLC raised its position 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 valued at $172,000 after buying an additional 3,875 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Trinity Industries during the first quarter valued at $195,000. Fulton Bank N.A. raised its position 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 valued at $290,000 after buying an additional 223 shares during the last quarter. Finally, Park National Corp OH raised its position in shares of Trinity Industries by 0.9% in the second quarter. Park National Corp OH now owns 16,049 shares of the company’s stock valued at $298,000 after buying an additional 150 shares during the last quarter. 72.15% of the stock is currently owned by institutional investors.
Shares of Trinity Industries Inc. (NYSE:TRN) traded up 3.38% during midday trading on Wednesday, reaching $24.78. 1,703,424 shares of the company’s stock were exchanged. The company has a market cap of $3.78 billion, a P/E ratio of 6.40 and a beta of 2.16. Trinity Industries Inc. has a 12 month low of $14.94 and a 12 month high of $30.38. The firm has a 50 day moving average price of $24.16 and a 200 day moving average price of $20.59.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.14. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. Trinity Industries had a net margin of 10.91% and a return on equity of 14.62%. During the same period in the previous year, the firm earned $1.33 EPS. Equities research analysts forecast that Trinity Industries Inc. will post $2.20 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 14th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Wednesday, October 12th. Trinity Industries’s dividend payout ratio (DPR) is currently 11.37%.
Several brokerages have recently weighed in on TRN. Zacks Investment Research lowered shares of Trinity Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Stifel Nicolaus raised their price target on shares of Trinity Industries from $20.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, September 30th. Cowen and Company raised their price target on shares of Trinity Industries from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, July 25th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Trinity Industries in a research report on Wednesday, June 22nd. Finally, TheStreet raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Trinity Industries currently has an average rating of “Hold” and an average price target of €21.11 ($23.46).
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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