Thrivent Financial for Lutherans Cuts Position in Trinity Industries, Inc. $TRN

Thrivent Financial for Lutherans decreased its stake in Trinity Industries, Inc. (NYSE:TRN) by 25.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,447 shares of the transportation company’s stock after selling 23,130 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Trinity Industries worth $1,919,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRN. Millennium Management LLC lifted its position in shares of Trinity Industries by 329.2% during the 1st quarter. Millennium Management LLC now owns 637,990 shares of the transportation company’s stock valued at $17,902,000 after acquiring an additional 489,348 shares during the period. Bank of America Corp DE raised its holdings in Trinity Industries by 99.9% during the second quarter. Bank of America Corp DE now owns 772,648 shares of the transportation company’s stock worth $20,869,000 after purchasing an additional 386,102 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in Trinity Industries by 43.1% during the second quarter. Qube Research & Technologies Ltd now owns 966,334 shares of the transportation company’s stock worth $26,101,000 after purchasing an additional 290,847 shares in the last quarter. Granite Investment Partners LLC grew its holdings in Trinity Industries by 44.7% in the second quarter. Granite Investment Partners LLC now owns 726,584 shares of the transportation company’s stock valued at $19,625,000 after purchasing an additional 224,578 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Trinity Industries by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 2,739,594 shares of the transportation company’s stock worth $73,996,000 after buying an additional 205,177 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TRN shares. The Goldman Sachs Group set a $31.00 target price on shares of Trinity Industries and gave the company a “neutral” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trinity Industries in a research note on Monday, December 29th. Finally, Susquehanna set a $28.00 price target on Trinity Industries and gave the stock a “neutral” rating in a research report on Monday, January 26th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Trinity Industries currently has an average rating of “Hold” and an average price target of $29.50.

Trinity Industries Trading Up 2.6%

Shares of TRN stock opened at $31.67 on Thursday. The firm’s 50-day simple moving average is $28.22 and its 200-day simple moving average is $27.61. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.88 and a quick ratio of 0.80. Trinity Industries, Inc. has a 1-year low of $22.38 and a 1-year high of $36.51. The firm has a market cap of $2.54 billion, a P/E ratio of 27.78 and a beta of 1.48.

Trinity Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.9%. This is a boost from Trinity Industries’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, January 15th. Trinity Industries’s dividend payout ratio (DPR) is presently 108.77%.

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.