Smith Graham & Co. Investment Advisors LP grew its position in shares of Trinity Industries Inc (NYSE:TRN) by 21.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 193,680 shares of the transportation company’s stock after buying an additional 34,070 shares during the period. Smith Graham & Co. Investment Advisors LP owned about 0.13% of Trinity Industries worth $7,255,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Sippican Capital Advisors bought a new stake in shares of Trinity Industries in the 3rd quarter worth approximately $211,000. Griffin Asset Management Inc. bought a new stake in shares of Trinity Industries in the 3rd quarter worth approximately $213,000. Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of Trinity Industries in the 2nd quarter worth approximately $230,000. Commerce Bank bought a new stake in shares of Trinity Industries in the 3rd quarter worth approximately $255,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Trinity Industries by 7.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 10,037 shares of the transportation company’s stock worth $281,000 after purchasing an additional 704 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.
In other news, SVP William A. Mcwhirter sold 20,000 shares of Trinity Industries stock in a transaction on Friday, December 15th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the transaction, the senior vice president now directly owns 191,339 shares in the company, valued at approximately $7,060,409.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by company insiders.
Several analysts recently commented on the company. Zacks Investment Research upgraded Trinity Industries from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Saturday. Stifel Nicolaus set a $40.00 target price on Trinity Industries and gave the company a “buy” rating in a research report on Friday, February 9th. ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Seaport Global Securities assumed coverage on Trinity Industries in a research report on Thursday, January 4th. They issued a “neutral” rating on the stock. Finally, Cowen raised their target price on Trinity Industries from $36.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $35.25.
Shares of Trinity Industries Inc (NYSE:TRN) traded up $0.82 during mid-day trading on Wednesday, hitting $33.51. The stock had a trading volume of 1,050,000 shares, compared to its average volume of 1,170,000. Trinity Industries Inc has a one year low of $25.01 and a one year high of $38.25. The firm has a market cap of $5,090.00, a PE ratio of 22.34, a PEG ratio of 2.34 and a beta of 2.07. The company has a current ratio of 3.70, a quick ratio of 2.62 and a debt-to-equity ratio of 0.75.
Trinity Industries declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 12th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Thursday, January 11th. Trinity Industries’s dividend payout ratio (DPR) is presently 34.67%.
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About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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