Insider Buying: Trinity Industries, Inc. (TRN) Major Shareholder Buys $830,140.50 in Stock

Trinity Industries, Inc. (NYSE:TRN) major shareholder Valueact Capital Master Fund, bought 25,950 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average cost of $31.99 per share, for a total transaction of $830,140.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Valueact Capital Master Fund, also recently made the following trade(s):

  • On Friday, November 3rd, Valueact Capital Master Fund, bought 13,687 shares of Trinity Industries stock. The stock was acquired at an average cost of $31.98 per share, for a total transaction of $437,710.26.
  • On Monday, October 30th, Valueact Capital Master Fund, bought 832,600 shares of Trinity Industries stock. The stock was acquired at an average cost of $31.68 per share, for a total transaction of $26,376,768.00.
  • On Friday, September 8th, Valueact Capital Master Fund, bought 54,055 shares of Trinity Industries stock. The stock was acquired at an average cost of $28.46 per share, for a total transaction of $1,538,405.30.
  • On Thursday, August 31st, Valueact Capital Master Fund, bought 248,941 shares of Trinity Industries stock. The stock was acquired at an average cost of $28.65 per share, for a total transaction of $7,132,159.65.
  • On Wednesday, August 23rd, Valueact Capital Master Fund, purchased 5,100 shares of Trinity Industries stock. The shares were purchased at an average cost of $28.41 per share, for a total transaction of $144,891.00.
  • On Tuesday, August 22nd, Valueact Capital Master Fund, purchased 375,000 shares of Trinity Industries stock. The shares were purchased at an average cost of $28.15 per share, for a total transaction of $10,556,250.00.
  • On Thursday, August 17th, Valueact Capital Master Fund, purchased 403,000 shares of Trinity Industries stock. The shares were purchased at an average cost of $28.48 per share, for a total transaction of $11,477,440.00.
  • On Friday, August 11th, Valueact Capital Master Fund, purchased 202,500 shares of Trinity Industries stock. The shares were purchased at an average cost of $28.47 per share, for a total transaction of $5,765,175.00.

Trinity Industries, Inc. (NYSE:TRN) opened at $32.58 on Friday. The firm has a market cap of $4,945.12, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 2.19 and a beta of 2.25. The company has a current ratio of 3.70, a quick ratio of 2.62 and a debt-to-equity ratio of 0.75. Trinity Industries, Inc. has a fifty-two week low of $25.01 and a fifty-two week high of $35.97.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.11. The company had revenue of $973.60 million during the quarter, compared to analyst estimates of $951.60 million. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. sell-side analysts predict that Trinity Industries, Inc. will post 1.49 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Thursday, October 12th. Trinity Industries’s dividend payout ratio is currently 34.67%.

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A number of hedge funds have recently made changes to their positions in TRN. First Mercantile Trust Co. grew its holdings in Trinity Industries by 10.9% during the 2nd quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock worth $163,000 after acquiring an additional 570 shares in the last quarter. Pacad Investment Ltd. grew its holdings in Trinity Industries by 36.5% during the 2nd quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock worth $199,000 after acquiring an additional 1,900 shares in the last quarter. Fisher Asset Management LLC acquired a new position in Trinity Industries during the 2nd quarter worth $205,000. Quantitative Systematic Strategies LLC acquired a new position in Trinity Industries during the 2nd quarter worth $208,000. Finally, Dearborn Partners LLC acquired a new position in Trinity Industries during the 2nd quarter worth $209,000. 80.26% of the stock is owned by institutional investors.

TRN has been the topic of several analyst reports. TheStreet raised shares of Trinity Industries from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Stifel Nicolaus raised shares of Trinity Industries from a “hold” rating to a “buy” rating and lifted their price target for the stock from $29.00 to $31.00 in a research note on Thursday, July 27th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Thursday, August 17th. ValuEngine raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Cowen and Company reaffirmed a “buy” rating and set a $31.00 price target on shares of Trinity Industries in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $34.13.

About Trinity Industries

Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.

Insider Buying and Selling by Quarter for Trinity Industries (NYSE:TRN)

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