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

Thrivent Financial for Lutherans reduced its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 4.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,745 shares of the transportation company’s stock after selling 3,191 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Trinity Industries were worth $2,256,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Royce & Associates LP grew its position in shares of Trinity Industries by 8.2% in the 3rd quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock worth $12,801,000 after acquiring an additional 27,870 shares in the last quarter. Marshall Wace LLP acquired a new position in Trinity Industries during the 2nd quarter valued at approximately $1,049,000. State of New Jersey Common Pension Fund D acquired a new position in Trinity Industries during the 2nd quarter valued at approximately $1,824,000. GAMMA Investing LLC boosted its position in Trinity Industries by 85.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock worth $35,000 after acquiring an additional 469 shares during the period. Finally, Millennium Management LLC boosted its position in Trinity Industries by 180.7% during the 2nd quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock worth $24,625,000 after acquiring an additional 529,857 shares during the period. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TRN shares. The Goldman Sachs Group started coverage on Trinity Industries in a research note on Monday, November 18th. They issued a “neutral” rating and a $39.00 price objective on the stock. StockNews.com downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and boosted their price objective for the stock from $34.00 to $35.00 in a research note on Monday, October 21st.

Trinity Industries Stock Down 0.6 %

Shares of Trinity Industries stock opened at $37.45 on Thursday. The stock’s fifty day moving average is $35.48 and its 200-day moving average is $32.70. The firm has a market capitalization of $3.08 billion, a PE ratio of 18.27 and a beta of 1.39. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39. Trinity Industries, Inc. has a 12-month low of $23.40 and a 12-month high of $38.69.

Trinity Industries (NYSE:TRN) last issued 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. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The business had revenue of $798.80 million for the quarter, compared to the consensus estimate of $696.00 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. Trinity Industries’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts anticipate that Trinity Industries, Inc. will post 1.75 earnings per share for the current year.

Trinity Industries Announces Dividend

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