First Dallas Securities Lowers stake in Trinity Industries Inc (TRN)

Trinity Industries Inc (TRN) : First Dallas Securities reduced its stake in Trinity Industries Inc by 0.73% during the most recent quarter end. The investment management company now holds a total of 206,873 shares of Trinity Industries Inc which is valued at $4,362,952 after selling 1,511 shares in Trinity Industries Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Trinity Industries Inc makes up approximately 3.24% of First Dallas Securities’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama reduced its stake in TRN by selling 2,570 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 194,533 shares of TRN which is valued at $4,102,701. Trinity Industries Inc makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.Court Place Advisors boosted its stake in TRN in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 91,601 shares of Trinity Industries Inc which is valued at $1,931,865. Trinity Industries Inc makes up approx 1.09% of Court Place Advisors’s portfolio.Breton Hill Capital Ltd. boosted its stake in TRN in the latest quarter, The investment management firm added 526 additional shares and now holds a total of 50,112 shares of Trinity Industries Inc which is valued at $1,030,303. Trinity Industries Inc makes up approx 0.32% of Breton Hill Capital Ltd.’s portfolio.

Trinity Industries Inc opened for trading at $22.29 and hit $23.36 on the upside on Friday, eventually ending the session at $23.21, with a gain of 10.68% or 2.24 points. The heightened volatility saw the trading volume jump to 48,70,294 shares. Company has a market cap of $3,537 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 Jul 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .Trinity Industries Inc was Downgraded by Susquehanna to ” Neutral” on Jul 25, 2016. Trinity Industries Inc was Downgraded by Longbow to ” Neutral” on Jun 20, 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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