Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) saw unusually-strong trading volume on Friday . Approximately 2,026,558 shares changed hands during trading, a decline of 9% from the previous session’s volume of 2,230,663 shares.The stock last traded at $24.03 and had previously closed at $23.87.

A number of equities analysts have weighed in on TRMB shares. William Blair downgraded shares of Trimble Navigation from an “outperform” rating to a “market perform” rating in a research note on Friday, April 1st. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Trimble Navigation in a research report on Monday, April 25th. Morgan Stanley reissued a “hold” rating on shares of Trimble Navigation in a research report on Tuesday, April 26th. Wedbush reduced their price target on shares of Trimble Navigation from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, April 29th. Finally, Zacks Investment Research downgraded shares of Trimble Navigation from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $26.15.

The company has a market cap of $6.04 billion and a price-to-earnings ratio of 57.24. The stock’s 50-day moving average is $25.36 and its 200-day moving average is $23.53.

Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.03. During the same period in the previous year, the company earned $0.28 EPS. The firm had revenue of $583 million for the quarter, compared to analyst estimates of $580.37 million. The company’s revenue was up .1% on a year-over-year basis. On average, analysts predict that Trimble Navigation Ltd. will post $1.20 EPS for the current year.

In other news, VP James A. Kirkland sold 1,391 shares of Trimble Navigation stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $24.19, for a total value of $33,648.29. Following the transaction, the vice president now directly owns 15,426 shares of the company’s stock, valued at approximately $373,154.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Steven W. Berglund sold 200,000 shares of Trimble Navigation stock in a transaction on Friday, May 6th. The shares were sold at an average price of $23.21, for a total transaction of $4,642,000.00. Following the completion of the transaction, the chief executive officer now directly owns 264,901 shares in the company, valued at $6,148,352.21. The disclosure for this sale can be found here.

Several institutional investors have made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Trimble Navigation by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 807,870 shares of the company’s stock worth $17,332,000 after buying an additional 43,057 shares during the last quarter. I.G. Investment Management LTD. boosted its position in shares of Trimble Navigation by 1.3% in the fourth quarter. I.G. Investment Management LTD. now owns 87,200 shares of the company’s stock worth $1,870,000 after buying an additional 1,100 shares during the last quarter. Trexquant Investment LP boosted its position in shares of Trimble Navigation by 85.8% in the fourth quarter. Trexquant Investment LP now owns 91,800 shares of the company’s stock worth $1,969,000 after buying an additional 42,400 shares during the last quarter. American Capital Management Inc. boosted its position in shares of Trimble Navigation by 15.6% in the fourth quarter. American Capital Management Inc. now owns 552,570 shares of the company’s stock worth $11,853,000 after buying an additional 74,570 shares during the last quarter. Finally, Wilkins Investment Counsel Inc. boosted its position in shares of Trimble Navigation by 8.8% in the fourth quarter. Wilkins Investment Counsel Inc. now owns 161,350 shares of the company’s stock worth $3,461,000 after buying an additional 13,000 shares during the last quarter.

Trimble Navigation Limited is a provider of technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment provides heavy civil construction, building construction and geospatial solutions.

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