Virginia Retirement Systems ET AL acquired a new position in Trinity Industries Inc. (NYSE:TRN) during the second quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,800 shares of the company’s stock, valued at approximately $201,000.
A number of other large investors also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. raised its stake in shares of Trinity Industries by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,644,976 shares of the company’s stock worth $85,050,000 after buying an additional 30,402 shares in the last quarter. State Street Corp raised its stake in shares of Trinity Industries by 1.7% in the first quarter. State Street Corp now owns 4,002,036 shares of the company’s stock worth $73,280,000 after buying an additional 68,123 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Trinity Industries by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 2,236,197 shares of the company’s stock worth $41,526,000 after buying an additional 7,693 shares in the last quarter. Societe Generale bought a new stake in shares of Trinity Industries during the second quarter worth approximately $15,182,000. Finally, SG Americas Securities LLC raised its stake 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. 72.15% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Trinity Industries Inc. (NYSE:TRN) opened at 23.28 on Thursday. The firm has a market capitalization of $3.55 billion, a P/E ratio of 6.01 and a beta of 2.16. Trinity Industries Inc. has a one year low of $14.94 and a one year high of $30.38. The firm’s 50-day moving average is $24.09 and its 200 day moving average is $20.76.
Trinity Industries (NYSE:TRN) last issued its earnings results on Thursday, July 21st. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.14. The firm earned $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Trinity Industries had a return on equity of 14.62% and a net margin of 10.91%. During the same quarter in the previous year, the firm earned $1.33 earnings per share. Equities research analysts predict 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. Shareholders of record on Friday, October 14th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.17%. The ex-dividend date is Wednesday, October 12th. Trinity Industries’s payout ratio is 11.37%.
Several brokerages have recently issued reports on TRN. Cowen and Company raised their target price on shares of Trinity Industries from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, July 25th. Susquehanna lowered shares of Trinity Industries from a “positive” rating to a “neutral” rating and raised their target price for the company from $23.00 to $24.00 in a research note on Monday, July 25th. Longbow Research lowered shares of Trinity Industries from a “buy” rating to a “neutral” rating in a research note on Monday, June 20th. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, June 28th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of Trinity Industries in a research note on Wednesday, June 22nd. Five research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Trinity Industries presently has a consensus 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.