Franklin Resources Inc. bought a new position in shares of Trinity Industries Inc (NYSE:TRN) during the fourth quarter, Holdings Channel reports. The fund bought 159,590 shares of the company’s stock, valued at approximately $4,430,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of Trinity Industries by 3.6% in the second quarter. Public Employees Retirement System of Ohio now owns 47,225 shares of the company’s stock worth $877,000 after buying an additional 1,620 shares during the period. KAMES CAPITAL plc boosted its position in shares of Trinity Industries by 8.0% in the second quarter. KAMES CAPITAL plc now owns 40,807 shares of the company’s stock worth $757,000 after buying an additional 3,012 shares during the period. Eqis Capital Management Inc. bought a new position in shares of Trinity Industries during the third quarter worth about $229,000. Fulton Bank N.A. boosted its position in shares of Trinity Industries by 2.1% in the third quarter. Fulton Bank N.A. now owns 15,940 shares of the company’s stock worth $385,000 after buying an additional 321 shares during the period. Finally, New England Research & Management Inc. bought a new position in shares of Trinity Industries during the third quarter worth about $234,000. 76.63% of the stock is owned by institutional investors.
Shares of Trinity Industries Inc (NYSE:TRN) opened at 27.38 on Friday. Trinity Industries Inc has a 52-week low of $16.39 and a 52-week high of $30.13. The stock has a 50 day moving average of $27.29 and a 200 day moving average of $26.07. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 12.17 and a beta of 2.25.
Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, February 16th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. The firm earned $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Trinity Industries had a net margin of 9.46% and a return on equity of 11.37%. Trinity Industries’s revenue was down 28.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 EPS. On average, analysts predict that Trinity Industries Inc will post $1.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, April 14th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Tuesday, April 11th. Trinity Industries’s payout ratio is 14.15%.
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A number of research analysts have issued reports on TRN shares. Axiom Securities reaffirmed a “sell” rating on shares of Trinity Industries in a report on Saturday, November 26th. Stifel Nicolaus increased their target price on shares of Trinity Industries from $19.00 to $22.00 and gave the company a “hold” rating in a report on Wednesday, November 30th. Citigroup Inc started coverage on shares of Trinity Industries in a research report on Tuesday, December 20th. They issued a “neutral” rating and a $29.00 price target on the stock. Zacks Investment Research lowered shares of Trinity Industries from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 28th. Finally, TheStreet lowered shares of Trinity Industries from a “b-” rating to a “c+” rating in a research report on Monday, February 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Trinity Industries currently has a consensus rating of “Hold” and a consensus price target of $25.33.
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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