Stifel Financial Corp Acquires 26,089 Shares of Trinity Industries, Inc. (NYSE:TRN)

Stifel Financial Corp grew its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 42.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,424 shares of the transportation company’s stock after buying an additional 26,089 shares during the period. Stifel Financial Corp owned 0.11% of Trinity Industries worth $3,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Matrix Trust Co bought a new stake in Trinity Industries in the 3rd quarter valued at $25,000. Innealta Capital LLC bought a new stake in shares of Trinity Industries in the second quarter worth about $31,000. GAMMA Investing LLC lifted its position in shares of Trinity Industries by 85.6% in the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock worth $35,000 after buying an additional 469 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Trinity Industries during the second quarter valued at approximately $54,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Trinity Industries during the second quarter valued at approximately $175,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Trinity Industries Price Performance

NYSE:TRN opened at $36.68 on Wednesday. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 17.93 and a beta of 1.39. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08. The business has a 50 day simple moving average of $36.49 and a 200-day simple moving average of $33.38. Trinity Industries, Inc. has a 1 year low of $23.40 and a 1 year high of $39.00.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $798.80 million for the quarter, compared to analysts’ expectations of $696.00 million. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 earnings per share. Equities analysts forecast that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.27%. This is an increase from Trinity Industries’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, January 15th. Trinity Industries’s dividend payout ratio is presently 58.54%.

Wall Street Analysts Forecast Growth

TRN has been the topic of several recent research reports. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and upped their price objective for the stock from $34.00 to $35.00 in a report on Monday, October 21st. The Goldman Sachs Group initiated coverage on shares of Trinity Industries in a research note on Monday, November 18th. They set a “neutral” rating and a $39.00 price target on the stock. Finally, StockNews.com cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

About Trinity Industries

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.