Teacher Retirement System of Texas increased its position in Trinity Industries Inc. (NYSE:TRN) by 13.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 21,397 shares of the company’s stock after buying an additional 2,586 shares during the period. Teacher Retirement System of Texas’ holdings in Trinity Industries were worth $397,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the company. Societe Generale bought a new position in shares of Trinity Industries during the second quarter worth approximately $15,182,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Trinity Industries during the first quarter worth approximately $12,908,000. SG Americas Securities LLC boosted its position in shares of Trinity Industries by 362.6% in the second quarter. SG Americas Securities LLC now owns 817,560 shares of the company’s stock worth $15,182,000 after buying an additional 640,814 shares in the last quarter. Scopia Capital Management LP bought a new position in shares of Trinity Industries during the first quarter worth approximately $10,868,000. Finally, Emerald Acquisition Ltd. bought a new position in shares of Trinity Industries during the second quarter worth approximately $10,782,000. 72.15% of the stock is currently owned by institutional investors.
Trinity Industries Inc. (NYSE:TRN) opened at 24.625 on Monday. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 6.361 and a beta of 2.16. Trinity Industries Inc. has a 52-week low of $14.94 and a 52-week high of $30.38. The company has a 50-day moving average price of $24.18 and a 200 day moving average price of $20.65.
Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, July 21st. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.14. The company earned $1.18 billion during 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 posted $1.33 earnings per share. On average, analysts expect that Trinity Industries Inc. will post $2.20 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 14th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, October 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.16%. Trinity Industries’s dividend payout ratio is presently 11.37%.
TRN has been the subject of a number of analyst reports. Zacks Investment Research lowered Trinity Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. KeyCorp reiterated a “buy” rating and issued a $28.00 price target on shares of Trinity Industries in a research note on Monday, October 3rd. Susquehanna lowered Trinity Industries from a “positive” rating to a “neutral” rating and increased their price target for the stock from $23.00 to $24.00 in a research note on Monday, July 25th. Credit Agricole SA initiated coverage on Trinity Industries in a research note on Friday, September 30th. They issued an “underperform” rating and a $26.00 price target for the company. Finally, Longbow Research lowered Trinity Industries from a “buy” rating to a “neutral” rating in a research note on Monday, June 20th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of €21.11 ($23.46).
About Trinity Industries
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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