Hodges Capital Management buys $54.4 Million stake in Trinity Industries Inc (TRN)

Trinity Industries Inc (TRN) : Hodges Capital Management scooped up 62,328 additional shares in Trinity Industries Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 26, 2016. The investment management firm now holds a total of 3,005,527 shares of Trinity Industries Inc which is valued at $54.4 Million.Trinity Industries Inc makes up approximately 2.48% of Hodges Capital Management’s portfolio.

Other Hedge Funds, Including , Wellington Shields reduced its stake in TRN by selling 495 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 27,813 shares of TRN which is valued at $503,693. Trinity Industries Inc makes up approx 0.33% of Wellington Shields’s portfolio.Janus Capital Management boosted its stake in TRN in the latest quarter, The investment management firm added 18,400 additional shares and now holds a total of 26,800 shares of Trinity Industries Inc which is valued at $462,032.Oppenheimerfunds boosted its stake in TRN in the latest quarter, The investment management firm added 3,328 additional shares and now holds a total of 47,501 shares of Trinity Industries Inc which is valued at $809,417.

Trinity Industries Inc opened for trading at $17.95 and hit $18.135 on the upside on Wednesday, eventually ending the session at $18.12, with a gain of 0.33% or 0.06 points. The heightened volatility saw the trading volume jump to 10,71,147 shares. Company has a market cap of $2,733 M.

On the company’s financial health, Trinity Industries Inc reported $0.64 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.69. The company had revenue of $1187.90 million for the quarter, compared to analysts expectations of $1340.26 million. The company’s revenue was down -27.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.13 EPS.

Investors should note that on May 2, 2016, Trinity Industries Inc announced a cash dividend of $0.1100. The company’s management has announced Jul 13, 2016 as the ex-dividend date and fixed the record date on Jul 15, 2016. The payable date has been fixed on Jul 29, 2016.

Many Wall Street Analysts have commented on Trinity Industries Inc. Company shares were Reiterated by Cowen on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 22 from a previous price target of $21 .Trinity Industries Inc was Downgraded by Stifel to ” Hold” on Apr 19, 2016.

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.

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