Prescott Group Capital Management L.L.C. held its stake in Trinity Industries, Inc. (NYSE:TRN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the transportation company’s stock at the end of the second quarter. Prescott Group Capital Management L.L.C.’s holdings in Trinity Industries were worth $841,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. James Investment Research Inc. boosted its stake in Trinity Industries by 6.4% in the first quarter. James Investment Research Inc. now owns 491,788 shares of the transportation company’s stock valued at $13,057,000 after buying an additional 29,530 shares during the last quarter. Columbus Circle Investors purchased a new stake in Trinity Industries during the first quarter valued at $4,309,000. Quotient Investors LLC purchased a new stake in Trinity Industries during the first quarter valued at $518,000. Louisiana State Employees Retirement System boosted its stake in Trinity Industries by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 38,400 shares of the transportation company’s stock valued at $1,020,000 after buying an additional 800 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Trinity Industries during the first quarter valued at $329,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.
Trinity Industries, Inc. (NYSE TRN) traded down 0.11% during trading on Monday, hitting $27.79. 95,469 shares of the stock traded hands. The firm has a market cap of $4.23 billion, a PE ratio of 14.56 and a beta of 2.19. The firm has a 50-day moving average price of $27.14 and a 200 day moving average price of $27.09. Trinity Industries, Inc. has a 12 month low of $20.62 and a 12 month high of $30.13.
Trinity Industries (NYSE:TRN) last issued its earnings results on Tuesday, April 25th. The transportation company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. The business had revenue of $877.30 million for the quarter, compared to the consensus estimate of $904.66 million. Trinity Industries had a net margin of 6.81% and a return on equity of 6.82%. The company’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. On average, equities analysts forecast that Trinity Industries, Inc. will post $1.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, July 14th will be paid a $0.13 dividend. This is an increase from Trinity Industries’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, July 12th. Trinity Industries’s dividend payout ratio is currently 27.23%.
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Several research firms have weighed in on TRN. Axiom Securities reaffirmed a “sell” rating and set a $11.00 price objective on shares of Trinity Industries in a research report on Friday, June 30th. BidaskClub raised Trinity Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research raised Trinity Industries from a “sell” rating to a “hold” rating and set a $31.00 price objective on the stock in a research report on Wednesday, July 19th. Buckingham Research began coverage on Trinity Industries in a research report on Wednesday, June 21st. They set a “buy” rating and a $32.00 price objective on the stock. Finally, ValuEngine raised Trinity Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $25.40.
In other Trinity Industries news, insider D Stephen Menzies sold 27,742 shares of the company’s 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 transaction, the insider now directly owns 236,707 shares in the company, valued at approximately $6,180,419.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.
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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