New England Research & Management cut its position in Trinity Industries Inc (NYSE:TRN) by 45.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,415 shares of the company’s stock after selling 14,575 shares during the period. New England Research & Management’s holdings in Trinity Industries were worth $418,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Denali Advisors boosted its position in shares of Trinity Industries by 29.2% in the fourth quarter. Denali Advisors now owns 123,900 shares of the company’s stock worth $2,976,000 after buying an additional 28,000 shares in the last quarter. Beacon Capital Management acquired a new position in shares of Trinity Industries during the fourth quarter worth about $0. Curbstone Financial Management boosted its position in shares of Trinity Industries by 94.6% in the fourth quarter. Curbstone Financial Management now owns 43,200 shares of the company’s stock worth $1,038,000 after buying an additional 21,000 shares in the last quarter. Assetmark acquired a new position in shares of Trinity Industries during the third quarter worth about $0. Finally, Fulton Bank boosted its position in shares of Trinity Industries by 29.4% in the fourth quarter. Fulton Bank now owns 14,507 shares of the company’s stock worth $348,000 after buying an additional 3,299 shares in the last quarter.

Trinity Industries Inc (NYSE:TRN) traded up 3.12% on Friday, hitting $20.14. 2,623,329 shares of the company were exchanged. The stock has a 50 day moving average price of $22.87 and a 200 day moving average price of $25.56. Trinity Industries Inc has a one year low of $17.58 and a one year high of $37.15. The firm has a market cap of $3.08 billion and a price-to-earnings ratio of 4.35.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.15. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities research analysts forecast that Trinity Industries Inc will post $4.87 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, January 13th. This represents a $0.44 annualized dividend and a dividend yield of 2.18%.

TRN has been the topic of a number of recent research reports. Cowen and Company initiated coverage on shares of Trinity Industries in a report on Monday, December 14th. They issued an “outperform” rating and a $32.00 target price on the stock. Stifel Nicolaus cut their price target on Trinity Industries from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Trinity Industries currently has a consensus rating of “Buy” and a consensus price target of $31.50.

In other news, SVP D Stephen Menzies sold 101,296 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $27.46, for a total transaction of $2,781,588.16. Following the transaction, the senior vice president now owns 123,909 shares in the company, valued at approximately $3,402,541.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Trinity Industries, Inc. is a diversified industrial company that owns businesses providing products and services to the energy, transportation, chemical and construction sectors. The Company’s products and services include railcars and railcar parts, the leasing, management, and maintenance of railcars, inland barges, highway products, aggregates, storage and distribution containers, structural wind towers, electric utility structures and parts and steel components. The Company operates under the following segments: the Rail Group, Construction Products Group, Inland Barge Group, Energy Equipment Group, Railcar Leasing and Management Services Group, and All Other. The Company caters to concrete producers, which include commercial, residential, highway contractors, manufacturers of masonry products, and state and local municipalities. It also caters to commercial marine transportation companies, wind turbine producers, dealers and industrial users.

12 Month Chart for NYSE:TRN

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