Trinity Industries Inc. (TRN) Given Average Recommendation of “Hold” by Brokerages
Trinity Industries Inc. (NYSE:TRN) has been given a consensus rating of “Hold” by the thirteen brokerages that are covering the stock. Four investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $23.00.
Several research firms have recently weighed in on TRN. KeyCorp reissued a “buy” rating and set a $28.00 target price on shares of Trinity Industries in a research report on Monday, October 3rd. Axiom Securities reissued a “sell” rating on shares of Trinity Industries in a research report on Saturday. Zacks Investment Research raised Trinity Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 1st. Wells Fargo & Co. reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Trinity Industries in a research report on Monday, September 19th. Finally, Stifel Nicolaus upped their price objective on Trinity Industries from $20.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, September 30th.
Trinity Industries (NYSE:TRN) opened at 27.37 on Tuesday. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 8.79 and a beta of 2.10. The firm’s 50-day moving average price is $23.94 and its 200 day moving average price is $21.91. Trinity Industries has a 12 month low of $14.94 and a 12 month high of $27.98.
Trinity Industries (NYSE:TRN) last released its earnings results on Wednesday, October 26th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $1.11 billion for 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 prior year, the firm posted $1.31 EPS. On average, analysts anticipate that Trinity Industries will post $2.19 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, October 14th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Wednesday, October 12th. Trinity Industries’s dividend payout ratio is 14.15%.
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In related news, major shareholder Valueact Capital Master Fund, acquired 461,605 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The stock was purchased 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 SEC, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Scopia Capital Management LP bought a new stake in shares of Trinity Industries during the first quarter worth $10,868,000. BlueMountain Capital Management LLC raised its position in shares of Trinity Industries by 457.2% in the first quarter. BlueMountain Capital Management LLC now owns 26,660 shares of the company’s stock valued at $488,000 after buying an additional 21,875 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Trinity Industries by 30.6% in the second quarter. BNP Paribas Arbitrage SA now owns 228,967 shares of the company’s stock valued at $4,252,000 after buying an additional 53,595 shares in the last quarter. Fulton Bank N.A. raised its position in shares of 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. Finally, Park National Corp OH raised its position in shares of 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. Hedge funds and other institutional investors own 72.12% of the company’s stock.
About Trinity Industries
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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