Principal Financial Group Inc. Buys 10,293 Shares of Trinity Industries, Inc. (NYSE:TRN)

Principal Financial Group Inc. boosted its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 400,727 shares of the transportation company's stock after buying an additional 10,293 shares during the quarter. Principal Financial Group Inc. owned approximately 0.49% of Trinity Industries worth $14,066,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. KBC Group NV raised its stake in Trinity Industries by 71.6% in the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company's stock worth $139,000 after purchasing an additional 1,649 shares in the last quarter. Matrix Trust Co increased its holdings in shares of Trinity Industries by 599.3% during the fourth quarter. Matrix Trust Co now owns 4,923 shares of the transportation company's stock worth $173,000 after buying an additional 4,219 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in Trinity Industries in the third quarter valued at about $204,000. M&T Bank Corp bought a new position in Trinity Industries in the 3rd quarter valued at approximately $248,000. Finally, Atria Investments Inc acquired a new position in shares of Trinity Industries during the third quarter worth $270,000. Institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. The Goldman Sachs Group initiated coverage on Trinity Industries in a report on Monday, November 18th. They issued a "neutral" rating and a $39.00 target price on the stock. StockNews.com lowered Trinity Industries from a "buy" rating to a "hold" rating in a report on Monday, November 4th.

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Trinity Industries Stock Up 0.2 %

NYSE TRN traded up $0.05 on Friday, reaching $31.04. The company had a trading volume of 630,031 shares, compared to its average volume of 545,737. Trinity Industries, Inc. has a 52-week low of $24.49 and a 52-week high of $39.83. The stock has a market capitalization of $2.54 billion, a P/E ratio of 18.93 and a beta of 1.40. The company's fifty day moving average is $35.73 and its 200 day moving average is $35.18. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The firm had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. Sell-side analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.30 per share. This is an increase from Trinity Industries's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.87%. Trinity Industries's dividend payout ratio is presently 73.17%.

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.