60,979 Shares in Trinity Industries, Inc. (NYSE:TRN) Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D purchased a new position in Trinity Industries, Inc. (NYSE:TRN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 60,979 shares of the transportation company’s stock, valued at approximately $1,824,000. State of New Jersey Common Pension Fund D owned approximately 0.07% of Trinity Industries as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. TFO Wealth Partners LLC lifted its stake in Trinity Industries by 22,360.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock worth $30,000 after purchasing an additional 1,118 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Trinity Industries during the 2nd quarter valued at about $31,000. ICA Group Wealth Management LLC purchased a new stake in shares of Trinity Industries during the 4th quarter valued at about $32,000. Northwest Bank & Trust Co purchased a new stake in shares of Trinity Industries during the 4th quarter valued at about $66,000. Finally, Tradewinds Capital Management LLC purchased a new stake in shares of Trinity Industries during the 1st quarter valued at about $111,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Down 0.6 %

Shares of NYSE TRN opened at $34.00 on Tuesday. The firm’s 50-day moving average price is $32.47 and its 200-day moving average price is $30.05. The company has a current ratio of 1.91, a quick ratio of 0.98 and a debt-to-equity ratio of 4.39. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 22.82 and a beta of 1.39. Trinity Industries, Inc. has a 12-month low of $20.04 and a 12-month high of $37.04.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.34 by $0.32. The company had revenue of $841.40 million for the quarter, compared to the consensus estimate of $738.00 million. Trinity Industries had a net margin of 4.98% and a return on equity of 13.66%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. On average, equities research analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.12 annualized dividend and a yield of 3.29%. Trinity Industries’s payout ratio is 75.17%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th.

Trinity Industries Profile

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.