Trinity Industries, Inc. (NYSE:TRN) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 22.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 386,248 shares of the transportation company's stock after buying an additional 71,420 shares during the quarter. Victory Capital Management Inc. owned about 0.47% of Trinity Industries worth $10,838,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TRN. Stephens Inc. AR grew its stake in Trinity Industries by 6.5% during the 1st quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock worth $205,000 after buying an additional 444 shares during the last quarter. Xponance Inc. bought a new position in Trinity Industries during the 4th quarter worth $208,000. Matrix Trust Co boosted its position in Trinity Industries by 60.2% during the 1st quarter. Matrix Trust Co now owns 7,888 shares of the transportation company's stock worth $221,000 after acquiring an additional 2,965 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in Trinity Industries during the 4th quarter worth $225,000. Finally, Farringdon Capital Ltd. acquired a new position in Trinity Industries during the 4th quarter worth $230,000. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Stock Performance

TRN stock traded down $0.03 during trading on Monday, reaching $26.31. 450,049 shares of the company's stock were exchanged, compared to its average volume of 611,665. The company has a quick ratio of 0.87, a current ratio of 1.70 and a debt-to-equity ratio of 4.32. Trinity Industries, Inc. has a 1-year low of $23.01 and a 1-year high of $39.83. The company's fifty day moving average price is $26.63 and its 200-day moving average price is $29.01. The firm has a market cap of $2.15 billion, a PE ratio of 16.24 and a beta of 1.45.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). The business had revenue of $585.40 million for the quarter, compared to analyst estimates of $614.02 million. Trinity Industries had a return on equity of 11.47% and a net margin of 4.79%. The company's revenue was down 27.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. On average, research analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.56%. Trinity Industries's dividend payout ratio (DPR) is 74.07%.

Wall Street Analysts Forecast Growth

TRN has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price target on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Susquehanna reduced their price target on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd.

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.