Trinity Industries Inc (TRN) : First Dallas Securities scooped up 7,170 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 3, 2016. The investment management firm now holds a total of 208,384 shares of Trinity Industries Inc which is valued at $3,675,894.Trinity Industries Inc makes up approximately 2.96% of First Dallas Securities’s portfolio.
Other Hedge Funds, Including , Cambridge Investment Research Advisors reduced its stake in TRN by selling 269 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 18,403 shares of TRN which is valued at $324,629. Trinity Industries Inc makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.Rhumbline Advisers reduced its stake in TRN by selling 370 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 246,851 shares of TRN which is valued at $4,354,452. Trinity Industries Inc makes up approx 0.01% of Rhumbline Advisers’s portfolio. Checchi Capital Advisers added TRN to its portfolio by purchasing 1,573 company shares during the most recent quarter which is valued at $27,748. Trinity Industries Inc makes up approx 0.01% of Checchi Capital Advisers’s portfolio. Kames Capital Plc added TRN to its portfolio by purchasing 37,795 company shares during the most recent quarter which is valued at $737,380. Trinity Industries Inc makes up approx 0.02% of Kames Capital Plc’s portfolio.Raymond James Trust N.a. boosted its stake in TRN in the latest quarter, The investment management firm added 285 additional shares and now holds a total of 12,691 shares of Trinity Industries Inc which is valued at $252,932. Trinity Industries Inc makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.
Trinity Industries Inc opened for trading at $17.27 and hit $17.945 on the upside on Tuesday, eventually ending the session at $17.9, with a gain of 4.25% or 0.73 points. The heightened volatility saw the trading volume jump to 16,65,084 shares. Company has a market cap of $2,699 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.
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. Shares were Reiterated by Cowen on Feb 22, 2016 to “Outperform” and Lowered the Price Target to $ 21 from a previous price target of $31 .
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.