Trinity Industries Inc. (TRN) Earns Sell Rating from Axiom Securities
A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research raised Trinity Industries from a strong sell rating to a hold rating in a report on Tuesday, November 1st. KeyCorp reissued a buy rating and set a $28.00 target price on shares of Trinity Industries in a report on Monday, October 3rd. Stifel Nicolaus increased their target price on Trinity Industries from $20.00 to $21.00 and gave the company a hold rating in a report on Friday, September 30th. began coverage on Trinity Industries in a report on Friday, September 30th. They set an underperform rating and a $26.00 target price for the company. Finally, Wells Fargo & Co. reissued a hold rating and set a $22.00 target price on shares of Trinity Industries in a report on Monday, September 19th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $21.11.
Trinity Industries (NYSE:TRN) opened at 27.37 on Friday. Trinity Industries has a 12-month low of $14.94 and a 12-month high of $27.98. The stock has a market cap of $4.17 billion, a PE ratio of 8.79 and a beta of 2.10. The company’s 50-day moving average price is $23.94 and its 200-day moving average price is $21.91.
Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The company earned $1.11 billion during the quarter. Trinity Industries had a return on equity of 11.37% and a net margin of 9.46%. The business’s revenue for the quarter was down 27.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 EPS. On average, equities analysts expect that Trinity Industries will post $2.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, October 14th were given a $0.01 dividend. The ex-dividend date was Wednesday, October 12th. This represents a $0.04 annualized dividend and a yield of 0.15%. Trinity Industries’s payout ratio is 14.15%.
In other Trinity Industries news, major shareholder Valueact Capital Master Fund, acquired 461,605 shares of the stock in a transaction that occurred on Friday, November 4th. The stock was bought at an average cost of $21.17 per share, for a total transaction of $9,772,177.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. raised its position in Trinity Industries by 0.5% in the third quarter. TCI Wealth Advisors Inc. now owns 5,505 shares of the company’s stock valued at $133,000 after buying an additional 27 shares in the last quarter. Synovus Financial Corp raised its position in Trinity Industries by 0.8% in the second quarter. Synovus Financial Corp now owns 11,685 shares of the company’s stock valued at $220,000 after buying an additional 92 shares in the last quarter. Moors & Cabot Inc. raised its position in Trinity Industries by 0.9% in the third quarter. Moors & Cabot Inc. now owns 11,028 shares of the company’s stock valued at $263,000 after buying an additional 100 shares in the last quarter. Park National Corp OH raised its position in Trinity Industries by 0.9% in the second quarter. Park National Corp OH now owns 16,049 shares of the company’s stock valued at $298,000 after buying an additional 150 shares in the last quarter. Finally, Fulton Bank N.A. raised its position in Trinity Industries by 1.4% in the second quarter. Fulton Bank N.A. now owns 15,619 shares of the company’s stock valued at $290,000 after buying an additional 223 shares in the last quarter. Institutional investors and hedge funds own 72.12% 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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