Trinity Industries Inc. (TRN) Given New $21.00 Price Target at Stifel Nicolaus
Trinity Industries Inc. (NYSE:TRN) had its price objective hoisted by Stifel Nicolaus from $20.00 to $21.00 in a research report sent to investors on Friday morning. The brokerage currently has a hold rating on the stock.
A number of other research firms also recently commented on TRN. Susquehanna downgraded Trinity Industries from a positive rating to a neutral rating and raised their target price for the company from $23.00 to $24.00 in a report on Monday, July 25th. Zacks Investment Research downgraded Trinity Industries from a hold rating to a sell rating in a report on Tuesday, September 27th. Credit Agricole SA initiated coverage on Trinity Industries in a report on Friday. They issued an underperform rating and a $26.00 target price for the company. Wells Fargo & Co. reissued a hold rating on shares of Trinity Industries in a report on Wednesday, June 22nd. Finally, Longbow Research downgraded Trinity Industries from a buy rating to a neutral rating in a report on Monday, June 20th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of €20.25 ($22.50).
Trinity Industries (NYSE:TRN) traded up 1.220% during midday trading on Friday, hitting $24.475. 216,074 shares of the stock were exchanged. The firm has a 50-day moving average price of $24.10 and a 200-day moving average price of $20.45. Trinity Industries has a one year low of $14.94 and a one year high of $30.38. The stock has a market cap of $3.73 billion, a P/E ratio of 6.323 and a beta of 2.16.
Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.14. Trinity Industries had a net margin of 10.91% and a return on equity of 14.62%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the firm posted $1.33 EPS. On average, equities research analysts anticipate that Trinity Industries will post $2.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend is Wednesday, October 12th. Trinity Industries’s payout ratio is currently 11.37%.
Several hedge funds have recently modified their holdings of the company. KAMES CAPITAL plc boosted its stake in shares of Trinity Industries by 8.0% in the second quarter. KAMES CAPITAL plc now owns 40,807 shares of the company’s stock worth $757,000 after buying an additional 3,012 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Trinity Industries during the second quarter worth about $1,277,000. Howe & Rusling Inc. boosted its stake in shares of Trinity Industries by 16.9% in the second quarter. Howe & Rusling Inc. now owns 18,093 shares of the company’s stock worth $336,000 after buying an additional 2,615 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Trinity Industries by 3.6% in the second quarter. Public Employees Retirement System of Ohio now owns 47,225 shares of the company’s stock worth $877,000 after buying an additional 1,620 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Trinity Industries by 8.6% in the second quarter. Amalgamated Bank now owns 20,329 shares of the company’s stock worth $472,000 after buying an additional 1,602 shares during the last quarter. Institutional investors and hedge funds own 72.15% of the company’s stock.
Trinity Industries Company Profile
Trinity Industries, Inc is a diversified industrial company that owns a range of businesses providing products and services to the energy, transportation, chemical 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; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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