Alpha Windward LLC increased its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 16,980 shares of the transportation company’s stock after buying an additional 360 shares during the period. Alpha Windward LLC’s holdings in Trinity Industries were worth $476,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Suntrust Banks Inc. boosted its stake in shares of Trinity Industries by 0.3% in the first quarter. Suntrust Banks Inc. now owns 34,859 shares of the transportation company’s stock worth $924,000 after buying an additional 93 shares during the period. IFP Advisors Inc boosted its stake in shares of Trinity Industries by 0.4% in the first quarter. IFP Advisors Inc now owns 28,104 shares of the transportation company’s stock worth $746,000 after buying an additional 99 shares during the period. World Asset Management Inc boosted its stake in shares of Trinity Industries by 1.3% in the first quarter. World Asset Management Inc now owns 10,820 shares of the transportation company’s stock worth $287,000 after buying an additional 134 shares during the period. CENTRAL TRUST Co boosted its stake in shares of Trinity Industries by 1.3% in the second quarter. CENTRAL TRUST Co now owns 12,721 shares of the transportation company’s stock worth $357,000 after buying an additional 161 shares during the period. Finally, Stephens Inc. AR boosted its stake in shares of Trinity Industries by 4.5% in the first quarter. Stephens Inc. AR now owns 9,404 shares of the transportation company’s stock worth $250,000 after buying an additional 405 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.
Trinity Industries, Inc. (TRN) traded down 0.58% on Friday, reaching $27.44. The company’s stock had a trading volume of 921,572 shares. The stock has a 50 day moving average price of $27.43 and a 200-day moving average price of $27.07. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 16.87 and a beta of 2.19. Trinity Industries, Inc. has a 1-year low of $20.80 and a 1-year high of $30.13.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The firm had revenue of $905.50 million for the quarter, compared to analyst estimates of $947.40 million. During the same period in the previous year, the business earned $0.62 EPS. The company’s revenue was down 23.6% compared to the same quarter last year. Equities analysts predict that Trinity Industries, Inc. will post $1.19 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, July 14th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Wednesday, July 12th. This is an increase from Trinity Industries’s previous quarterly dividend of $0.11. Trinity Industries’s dividend payout ratio (DPR) is 32.10%.
Several equities research analysts have recently issued reports on TRN shares. Zacks Investment Research cut Trinity Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 25th. Buckingham Research started coverage on Trinity Industries in a report on Wednesday, June 21st. They set a “buy” rating and a $32.00 price objective on the stock. BidaskClub upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Axiom Securities reiterated a “sell” rating and issued a $11.00 target price on shares of Trinity Industries in a report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $26.78.
In other news, insider D Stephen Menzies sold 27,742 shares of Trinity Industries stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $26.11, for a total value of $724,343.62. Following the completion of the transaction, the insider now owns 236,707 shares of the company’s stock, valued at approximately $6,180,419.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.
About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation 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; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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