Granite Investment Partners LLC Takes Position in Trinity Industries, Inc. (NYSE:TRN)

Granite Investment Partners LLC bought a new stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 414,017 shares of the transportation company's stock, valued at approximately $14,532,000. Granite Investment Partners LLC owned 0.50% of Trinity Industries as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TRN. Vanguard Group Inc. grew its holdings in shares of Trinity Industries by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 10,099,602 shares of the transportation company's stock valued at $354,496,000 after buying an additional 126,139 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Trinity Industries by 0.5% in the fourth quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company's stock valued at $125,947,000 after purchasing an additional 18,851 shares in the last quarter. State Street Corp boosted its position in shares of Trinity Industries by 2.3% during the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company's stock valued at $112,395,000 after buying an additional 73,183 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in Trinity Industries during the fourth quarter worth $104,136,000. Finally, American Century Companies Inc. raised its position in Trinity Industries by 25.6% in the 4th quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company's stock valued at $76,777,000 after buying an additional 446,142 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

Trinity Industries Stock Performance

TRN stock traded up $0.47 during midday trading on Friday, reaching $25.35. 465,842 shares of the company's stock traded hands, compared to its average volume of 582,328. Trinity Industries, Inc. has a 52 week low of $23.50 and a 52 week high of $39.83. The company has a 50-day moving average price of $29.29 and a two-hundred day moving average price of $33.97. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80. The firm has a market capitalization of $2.07 billion, a PE ratio of 15.46 and a beta of 1.49.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its earnings results on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The business had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.30 million. As a group, equities analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.73%. The ex-dividend date is Tuesday, April 15th. Trinity Industries's dividend payout ratio is 73.17%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TRN. Susquehanna increased their price target on Trinity Industries from $34.00 to $35.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. The Goldman Sachs Group cut their price target on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday.

Insider Buying and Selling

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now directly owns 111,879 shares in the company, valued at approximately $3,470,486.58. This represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by company insiders.

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.