Victory Capital Management Inc. Has $10.74 Million Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Victory Capital Management Inc. cut its stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 14.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 308,281 shares of the transportation company's stock after selling 50,019 shares during the period. Victory Capital Management Inc. owned 0.38% of Trinity Industries worth $10,741,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TRN. Matrix Trust Co acquired a new stake in shares of Trinity Industries in the third quarter valued at approximately $25,000. Innealta Capital LLC acquired a new position in shares of Trinity Industries during the second quarter valued at $31,000. GAMMA Investing LLC raised its stake in shares of Trinity Industries by 85.6% during the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company's stock valued at $35,000 after purchasing an additional 469 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Trinity Industries in the 2nd quarter valued at about $54,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Trinity Industries during the 2nd quarter worth about $175,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Trinity Industries Price Performance

Shares of NYSE TRN traded up $0.12 during mid-day trading on Thursday, hitting $37.17. 442,376 shares of the stock were exchanged, compared to its average volume of 549,939. Trinity Industries, Inc. has a twelve month low of $23.40 and a twelve month high of $38.69. The stock's fifty day simple moving average is $35.04 and its two-hundred day simple moving average is $32.50. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00. The company has a market cap of $3.05 billion, a P/E ratio of 18.20 and a beta of 1.39.

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

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Tuesday, October 15th. Trinity Industries's dividend payout ratio is presently 54.63%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. StockNews.com lowered Trinity Industries from a "buy" rating to a "hold" rating in a report on Monday, November 4th. The Goldman Sachs Group assumed coverage on Trinity Industries in a report on Monday. They set a "neutral" rating and a $39.00 price objective on the stock. Finally, Susquehanna downgraded Trinity Industries from a "positive" rating to a "neutral" rating and raised their target price for the stock from $34.00 to $35.00 in a research report on Monday, October 21st.

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.