Cwm LLC Acquires 609 Shares of Trinity Industries, Inc. (NYSE:TRN)

Cwm LLC boosted its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 13.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,197 shares of the transportation company’s stock after acquiring an additional 609 shares during the quarter. Cwm LLC’s holdings in Trinity Industries were worth $181,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in Trinity Industries in the 2nd quarter worth about $31,000. GAMMA Investing LLC grew its stake in Trinity Industries by 85.6% in 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 in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Trinity Industries during the second quarter worth approximately $54,000. Tradewinds Capital Management LLC bought a new stake in shares of Trinity Industries during the first quarter valued at approximately $111,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Trinity Industries during the second quarter valued at approximately $175,000. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Trading Down 0.1 %

Shares of Trinity Industries stock opened at $34.76 on Thursday. The firm’s 50 day simple moving average is $33.37 and its two-hundred day simple moving average is $31.25. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 17.92 and a beta of 1.39. Trinity Industries, Inc. has a 12-month low of $20.04 and a 12-month high of $37.04. The company has a current ratio of 1.91, a quick ratio of 0.98 and a debt-to-equity ratio of 4.39.

Trinity Industries (NYSE:TRN) last issued its earnings results on Thursday, August 1st. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.32. Trinity Industries had a return on equity of 13.66% and a net margin of 4.98%. The company had revenue of $841.40 million during the quarter, compared to analyst estimates of $738.00 million. During the same quarter last year, the business posted $0.23 EPS. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. Analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.22%. Trinity Industries’s payout ratio is currently 57.73%.

Wall Street Analysts Forecast Growth

TRN has been the subject of a number of research analyst reports. StockNews.com raised Trinity Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and lifted their price objective for the company from $34.00 to $35.00 in a report on Monday.

Trinity Industries 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.