Principal Financial Group Inc. Acquires 9,395 Shares of Trinity Industries, Inc. (NYSE:TRN)

Principal Financial Group Inc. increased its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 410,122 shares of the transportation company's stock after purchasing an additional 9,395 shares during the quarter. Principal Financial Group Inc. owned approximately 0.50% of Trinity Industries worth $11,508,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TRN. Jones Financial Companies Lllp grew its position in shares of Trinity Industries by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock worth $105,000 after purchasing an additional 398 shares in the last quarter. Raymond James Financial Inc. bought a new position in Trinity Industries during the fourth quarter valued at approximately $11,322,000. Amundi boosted its stake in Trinity Industries by 186.1% during the fourth quarter. Amundi now owns 41,529 shares of the transportation company's stock valued at $1,446,000 after buying an additional 27,014 shares during the last quarter. Swiss National Bank boosted its stake in Trinity Industries by 1.5% during the fourth quarter. Swiss National Bank now owns 162,200 shares of the transportation company's stock valued at $5,693,000 after buying an additional 2,400 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in Trinity Industries by 12.0% during the fourth quarter. Royce & Associates LP now owns 411,431 shares of the transportation company's stock valued at $14,441,000 after buying an additional 44,010 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Wall Street Analyst Weigh In

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

Trinity Industries Price Performance

Trinity Industries stock traded up $0.18 during midday trading on Thursday, reaching $26.86. 781,863 shares of the stock traded hands, compared to its average volume of 564,380. The stock's fifty day moving average is $26.65 and its 200-day moving average is $29.53. Trinity Industries, Inc. has a 12 month low of $23.01 and a 12 month high of $39.83. The stock has a market cap of $2.19 billion, a P/E ratio of 16.58 and a beta of 1.45. 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 (NYSE:TRN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). The company had revenue of $585.40 million during the quarter, compared to the consensus estimate of $614.02 million. Trinity Industries had a net margin of 4.79% and a return on equity of 11.47%. Trinity Industries's revenue for the quarter was down 27.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 earnings per share. As a group, equities research analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Tuesday, July 15th. Trinity Industries's payout ratio is 74.07%.

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.