Victory Capital Management Inc. Buys 71,420 Shares of Trinity Industries, Inc. (NYSE:TRN)

Victory Capital Management Inc. increased its holdings in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 22.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 386,248 shares of the transportation company's stock after purchasing an additional 71,420 shares during the quarter. Victory Capital Management Inc. owned approximately 0.47% of Trinity Industries worth $10,838,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Trinity Industries by 2.3% in the first quarter. Principal Financial Group Inc. now owns 410,122 shares of the transportation company's stock worth $11,508,000 after purchasing an additional 9,395 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Trinity Industries by 1,142.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 85,199 shares of the transportation company's stock worth $2,391,000 after purchasing an additional 78,341 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Trinity Industries by 3,212.1% in the first quarter. Fifth Third Bancorp now owns 12,023 shares of the transportation company's stock worth $337,000 after purchasing an additional 11,660 shares during the last quarter. Twelve Points Wealth Management LLC grew its stake in shares of Trinity Industries by 23.4% in the first quarter. Twelve Points Wealth Management LLC now owns 51,898 shares of the transportation company's stock worth $1,456,000 after purchasing an additional 9,840 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Trinity Industries in the first quarter worth $404,000. Institutional investors own 86.57% of the company's stock.

Trinity Industries Stock Up 1.0%

Shares of NYSE TRN traded up $0.25 during trading on Friday, hitting $26.32. 802,977 shares of the company traded hands, compared to its average volume of 719,097. The business's fifty day moving average is $26.65 and its 200 day moving average is $29.21. Trinity Industries, Inc. has a fifty-two week low of $23.01 and a fifty-two week high of $39.83. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 16.25 and a beta of 1.45. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.87 and a current ratio of 1.70.

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

Trinity Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.56%. Trinity Industries's dividend payout ratio is presently 74.07%.

Wall Street Analysts Forecast Growth

TRN has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their target price on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Susquehanna dropped their target price on shares of Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a 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.