Halftime's Lebenthal buys guard rail maker

Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters

CNBC "Halftime Report" trader Jim Lebenthal is buying a beaten-down industrial stock he believes could rise ahead of a pending legal decision.

On Friday, the CEO of Lebenthal Asset Management purchased shares of Trinity Industries for his model portfolio, a stock that's fallen nearly 50 percent in the past 12 months. The company makes highway guard rails, among other things.

Here's why the investor thinks this company may be ready to move higher:

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