Trinity Industries Inc (NYSE:TRN) has earned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $26.44.
Several equities analysts recently weighed in on the stock. Cowen reaffirmed a “buy” rating and set a $30.00 price objective on shares of Trinity Industries in a research report on Wednesday, February 20th. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research report on Tuesday, February 26th. Mizuho reissued a “buy” rating and issued a $32.00 price target on shares of Trinity Industries in a research report on Tuesday, February 26th. Buckingham Research lowered shares of Trinity Industries from a “buy” rating to a “neutral” rating and dropped their price target for the company from $32.00 to $26.00 in a research report on Friday, March 22nd. Finally, Stephens set a $24.00 price target on shares of Trinity Industries and gave the company a “hold” rating in a research report on Thursday, March 28th.
In other news, insider Brian D. Madison sold 2,157 shares of Trinity Industries stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $20.90, for a total value of $45,081.30. Following the transaction, the insider now owns 58,345 shares of the company’s stock, valued at $1,219,410.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 18.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Redwood Investment Management LLC increased its position in Trinity Industries by 28.8% during the first quarter. Redwood Investment Management LLC now owns 45,556 shares of the transportation company’s stock worth $990,000 after acquiring an additional 10,196 shares during the period. Alphasimplex Group LLC increased its position in Trinity Industries by 5.4% during the first quarter. Alphasimplex Group LLC now owns 60,794 shares of the transportation company’s stock worth $1,321,000 after acquiring an additional 3,136 shares during the period. Zuckerman Investment Group LLC increased its position in Trinity Industries by 0.3% during the first quarter. Zuckerman Investment Group LLC now owns 644,745 shares of the transportation company’s stock worth $14,010,000 after acquiring an additional 1,791 shares during the period. Wilbanks Smith & Thomas Asset Management LLC increased its position in Trinity Industries by 70.7% during the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 16,869 shares of the transportation company’s stock worth $367,000 after acquiring an additional 6,988 shares during the period. Finally, Kennedy Capital Management Inc. increased its position in Trinity Industries by 20.1% during the first quarter. Kennedy Capital Management Inc. now owns 138,633 shares of the transportation company’s stock worth $3,012,000 after acquiring an additional 23,245 shares during the period. 86.93% of the stock is currently owned by institutional investors and hedge funds.
TRN traded up $0.01 during midday trading on Monday, hitting $19.34. 51,990 shares of the company’s stock traded hands, compared to its average volume of 963,787. The stock has a market capitalization of $2.51 billion, a P/E ratio of 24.12, a PEG ratio of 1.45 and a beta of 2.00. The company’s fifty day moving average price is $20.76. The company has a current ratio of 2.02, a quick ratio of 0.86 and a debt-to-equity ratio of 1.74. Trinity Industries has a one year low of $18.99 and a one year high of $39.35.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. The firm had revenue of $604.80 million for the quarter, compared to analyst estimates of $660.72 million. Trinity Industries had a net margin of 4.66% and a return on equity of 5.63%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. On average, equities analysts forecast that Trinity Industries will post 1.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date is Friday, July 12th. Trinity Industries’s dividend payout ratio is 85.00%.
Trinity Industries Company Profile
Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.
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