Twelve Points Wealth Management LLC Has $1.46 Million Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Twelve Points Wealth Management LLC raised its stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 23.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,898 shares of the transportation company's stock after buying an additional 9,840 shares during the quarter. Twelve Points Wealth Management LLC owned 0.06% of Trinity Industries worth $1,456,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its position in Trinity Industries by 1.5% in the fourth quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company's stock worth $840,000 after acquiring an additional 364 shares in the last quarter. Jones Financial Companies Lllp grew its position in Trinity Industries by 15.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock worth $105,000 after acquiring an additional 398 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in Trinity Industries by 1.1% in the first quarter. Illinois Municipal Retirement Fund now owns 44,168 shares of the transportation company's stock worth $1,239,000 after acquiring an additional 462 shares in the last quarter. Summit Investment Advisors Inc. grew its position in Trinity Industries by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company's stock worth $300,000 after acquiring an additional 543 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Trinity Industries by 87.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock worth $54,000 after acquiring an additional 713 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Analyst Upgrades and Downgrades

TRN has been the subject of several recent research reports. The Goldman Sachs Group decreased their target price on shares of 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 decreased their price objective on shares of Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd.

Trinity Industries Stock Performance

Shares of NYSE TRN traded up $0.40 during trading hours on Thursday, hitting $28.35. 499,454 shares of the stock were exchanged, compared to its average volume of 566,638. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.70 and a quick ratio of 0.87. The company's 50 day moving average is $26.39 and its 200 day moving average is $29.82. The firm has a market capitalization of $2.31 billion, a P/E ratio of 17.50 and a beta of 1.45. Trinity Industries, Inc. has a one year low of $23.01 and a one year high of $39.83.

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 firm had revenue of $585.40 million for the quarter, compared to the consensus estimate of $614.02 million. Trinity Industries had a return on equity of 11.47% and a net margin of 4.79%. Trinity Industries's quarterly revenue was down 27.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. On average, research analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.23%. The ex-dividend date is Tuesday, July 15th. Trinity Industries's payout ratio is currently 74.07%.

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.