Thrivent Financial for Lutherans Sells 3,191 Shares of Trinity Industries, Inc. (NYSE:TRN)

Thrivent Financial for Lutherans reduced its stake in Trinity Industries, Inc. (NYSE:TRN) by 4.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,745 shares of the transportation company’s stock after selling 3,191 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of Trinity Industries worth $2,256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Encompass Capital Advisors LLC acquired a new stake in Trinity Industries in the 2nd quarter valued at $40,527,000. American Century Companies Inc. boosted its position in shares of Trinity Industries by 136.2% during the 2nd quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock valued at $31,346,000 after acquiring an additional 604,050 shares during the last quarter. Millennium Management LLC boosted its position in shares of Trinity Industries by 180.7% during the 2nd quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock valued at $24,625,000 after acquiring an additional 529,857 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Trinity Industries by 5.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 500,880 shares of the transportation company’s stock valued at $14,986,000 after acquiring an additional 26,300 shares during the last quarter. Finally, Royce & Associates LP boosted its position in shares of Trinity Industries by 8.2% during the 3rd quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock valued at $12,801,000 after acquiring an additional 27,870 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TRN. Susquehanna lowered shares of Trinity Industries from a “positive” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $35.00 in a report on Monday, October 21st. StockNews.com downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group assumed coverage on Trinity Industries in a report on Monday, November 18th. They issued a “neutral” rating and a $39.00 price target for the company.

Trinity Industries Trading Down 0.6 %

NYSE:TRN opened at $37.45 on Thursday. The stock has a fifty day moving average price of $35.48 and a two-hundred day moving average price of $32.70. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 18.27 and a beta of 1.39. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00. Trinity Industries, Inc. has a 1 year low of $23.40 and a 1 year high of $38.69.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $798.80 million during the quarter, compared to analysts’ expectations of $696.00 million. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.26 earnings per share. As a group, sell-side analysts anticipate that Trinity Industries, Inc. will post 1.75 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.99%. Trinity Industries’s dividend payout ratio (DPR) is 54.63%.

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.