Empowered Funds LLC Boosts Holdings in Trinity Industries, Inc. $TRN

Empowered Funds LLC grew its stake in Trinity Industries, Inc. (NYSE:TRN) by 6.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 326,706 shares of the transportation company’s stock after purchasing an additional 19,084 shares during the quarter. Empowered Funds LLC owned approximately 0.41% of Trinity Industries worth $10,513,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TRN. Smartleaf Asset Management LLC lifted its stake in Trinity Industries by 24.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,538 shares of the transportation company’s stock valued at $41,000 after buying an additional 298 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Trinity Industries by 8.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,567 shares of the transportation company’s stock worth $179,000 after buying an additional 427 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Trinity Industries by 0.6% during the first quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company’s stock valued at $2,069,000 after acquiring an additional 457 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Trinity Industries by 94.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,016 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 494 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Trinity Industries by 3.5% in the second quarter. Cerity Partners LLC now owns 16,343 shares of the transportation company’s stock valued at $441,000 after acquiring an additional 549 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on TRN. Susquehanna boosted their price target on Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 target price on shares of Trinity Industries in a report on Thursday, April 30th. Wall Street Zen downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings upgraded shares of Trinity Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $35.50.

Trinity Industries Stock Down 6.5%

Shares of NYSE:TRN opened at $34.33 on Friday. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 11.00 and a beta of 1.36. Trinity Industries, Inc. has a 12-month low of $22.38 and a 12-month high of $38.31. The business has a 50-day moving average price of $34.72 and a 200 day moving average price of $32.95. The company has a current ratio of 1.87, a quick ratio of 0.94 and a debt-to-equity ratio of 4.70.

Trinity Industries (NYSE:TRN) last announced its earnings results on Thursday, April 30th. The transportation company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. Trinity Industries had a net margin of 12.37% and a return on equity of 21.86%. The company had revenue of $492.00 million during the quarter, compared to analyst estimates of $538.87 million. During the same quarter last year, the firm posted $0.29 earnings per share. Trinity Industries’s revenue was down 16.0% compared to the same quarter last year. Sell-side analysts expect that Trinity Industries, Inc. will post 2.3 EPS for the current year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.6%. Trinity Industries’s dividend payout ratio (DPR) is presently 39.74%.

About Trinity Industries

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.