Cwm LLC Grows Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Cwm LLC grew its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 13.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,197 shares of the transportation company’s stock after buying an additional 609 shares during the period. Cwm LLC’s holdings in Trinity Industries were worth $181,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TRN. Innealta Capital LLC bought a new stake in Trinity Industries during the second quarter valued at $31,000. GAMMA Investing LLC boosted its position in shares of Trinity Industries by 85.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 469 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Trinity Industries during the second quarter worth about $54,000. Tradewinds Capital Management LLC bought a new position in shares of Trinity Industries in the first quarter worth approximately $111,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Trinity Industries in the second quarter valued at approximately $175,000. Institutional investors own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TRN shares. Susquehanna downgraded shares of Trinity Industries from a “positive” rating to a “neutral” rating and lifted their price objective for the stock from $34.00 to $35.00 in a report on Monday. StockNews.com raised Trinity Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th.

Trinity Industries Trading Down 0.1 %

NYSE:TRN opened at $34.76 on Thursday. The firm has a market capitalization of $2.87 billion, a P/E ratio of 17.92 and a beta of 1.39. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.91 and a quick ratio of 0.98. Trinity Industries, Inc. has a one year low of $20.04 and a one year high of $37.04. The company’s 50-day simple moving average is $33.37 and its 200 day simple moving average is $31.25.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.32. Trinity Industries had a return on equity of 13.66% and a net margin of 4.98%. The business had revenue of $841.40 million for the quarter, compared to analysts’ expectations of $738.00 million. During the same period in the prior year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. As a group, analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently declared 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. This represents a $1.12 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Tuesday, October 15th. Trinity Industries’s payout ratio is currently 57.73%.

Trinity Industries Company 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.