Bridgeway Capital Management LLC decreased its holdings in shares of Trinity Industries, Inc. (NYSE:TRN – Free Report) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,122 shares of the transportation company’s stock after selling 33,819 shares during the period. Bridgeway Capital Management LLC’s holdings in Trinity Industries were worth $13,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capital International Investors lifted its holdings in Trinity Industries by 65.1% in the 4th quarter. Capital International Investors now owns 8,927,843 shares of the transportation company’s stock valued at $236,251,000 after purchasing an additional 3,518,796 shares in the last quarter. Millennium Management LLC lifted its holdings in Trinity Industries by 329.2% in the 1st quarter. Millennium Management LLC now owns 637,990 shares of the transportation company’s stock valued at $17,902,000 after purchasing an additional 489,348 shares in the last quarter. Bank of America Corp DE lifted its holdings in Trinity Industries by 99.9% in the 2nd quarter. Bank of America Corp DE now owns 772,648 shares of the transportation company’s stock valued at $20,869,000 after purchasing an additional 386,102 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Trinity Industries by 46.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,158,014 shares of the transportation company’s stock valued at $30,618,000 after purchasing an additional 368,604 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in Trinity Industries by 43.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 966,334 shares of the transportation company’s stock valued at $26,101,000 after purchasing an additional 290,847 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.
Trinity Industries Stock Down 2.4%
NYSE TRN opened at $34.37 on Thursday. Trinity Industries, Inc. has a 52 week low of $22.38 and a 52 week high of $37.36. The company has a quick ratio of 0.94, a current ratio of 1.87 and a debt-to-equity ratio of 4.70. The business’s fifty day simple moving average is $33.55 and its 200-day simple moving average is $31.22. The firm has a market cap of $2.73 billion, a PE ratio of 11.01 and a beta of 1.37.
Trinity Industries Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, July 15th. Trinity Industries’s payout ratio is currently 39.74%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on TRN. Wall Street Zen lowered Trinity Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Susquehanna raised their price objective on Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Weiss Ratings upgraded Trinity Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 price target on shares of Trinity Industries in a report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $35.50.
Get Our Latest Stock Report on TRN
Trinity Industries Profile
Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.
In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.
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