Trinity Industries, Inc. (NYSE:TRN) Stock Holdings Lessened by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 4.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 67,936 shares of the transportation company’s stock after selling 3,089 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Trinity Industries worth $2,033,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TRN. Innealta Capital LLC purchased a new stake in shares of Trinity Industries during the second quarter valued at $31,000. TFO Wealth Partners LLC lifted its stake in Trinity Industries by 22,360.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock valued at $30,000 after buying an additional 1,118 shares in the last quarter. ICA Group Wealth Management LLC acquired a new position in shares of Trinity Industries in the fourth quarter worth about $32,000. Canada Pension Plan Investment Board purchased a new position in shares of Trinity Industries in the second quarter worth approximately $54,000. Finally, Northwest Bank & Trust Co acquired a new stake in shares of Trinity Industries during the fourth quarter valued at approximately $66,000. 86.57% of the stock is owned by institutional investors.

Trinity Industries Price Performance

Shares of TRN opened at $33.99 on Wednesday. The business’s 50-day moving average is $32.77 and its 200-day moving average is $30.35. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.91 and a quick ratio of 0.98. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 22.81 and a beta of 1.39. Trinity Industries, Inc. has a fifty-two week low of $20.04 and a fifty-two week high of $37.04.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, August 1st. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.32. Trinity Industries had a net margin of 4.98% and a return on equity of 13.66%. The company had revenue of $841.40 million during the quarter, compared to the consensus estimate of $738.00 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The company’s revenue was up 16.5% compared to the same quarter last year. Equities research analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a yield of 3.30%. Trinity Industries’s dividend payout ratio (DPR) is currently 75.17%.

Analyst Upgrades and Downgrades

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

About Trinity Industries

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.