Trinity Industries, Inc. (TRN) Stock Rating Reaffirmed by Stephens
Trinity Industries, Inc. (NYSE:TRN)‘s stock had its “equal weight” rating reissued by analysts at Stephens in a research note issued on Tuesday. They currently have a $35.00 price target on the transportation company’s stock, up from their prior price target of $29.00. Stephens’ target price suggests a potential upside of 0.92% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Axiom Securities restated a “sell” rating on shares of Trinity Industries in a report on Thursday, July 13th. Zacks Investment Research upgraded Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Thursday, August 17th. TheStreet upgraded Trinity Industries from a “c” rating to a “b-” rating in a report on Monday, August 14th. Cowen and Company restated a “buy” rating and set a $31.00 price objective on shares of Trinity Industries in a report on Monday, August 28th. Finally, Stifel Nicolaus restated a “buy” rating and set a $42.00 price objective (up previously from $31.00) on shares of Trinity Industries in a report on Sunday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $33.25.
Trinity Industries (NYSE:TRN) opened at 34.68 on Tuesday. Trinity Industries has a 52-week low of $20.80 and a 52-week high of $35.97. The firm has a market cap of $5.25 billion, a P/E ratio of 21.32 and a beta of 2.19. The firm’s 50-day moving average price is $29.87 and its 200-day moving average price is $27.72.
Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The firm had revenue of $905.50 million during the quarter, compared to the consensus estimate of $947.40 million. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The company’s quarterly revenue was down 23.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 earnings per share. Equities research analysts expect that Trinity Industries will post $1.23 EPS for the current year.
In related news, major shareholder Holdings L.P. Valueact bought 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were bought at an average price of $27.38 per share, with a total value of $2,738,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Valueact Capital Master Fund, bought 202,500 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $28.47 per share, for a total transaction of $5,765,175.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 1,709,624 shares of company stock worth $48,298,143. 2.00% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the business. First Mercantile Trust Co. boosted its position in Trinity Industries by 10.9% in the second quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock worth $163,000 after purchasing an additional 570 shares during the last quarter. Invictus RG boosted its position in Trinity Industries by 466.4% in the first quarter. Invictus RG now owns 6,406 shares of the transportation company’s stock worth $170,000 after purchasing an additional 5,275 shares during the last quarter. Pacad Investment Ltd. boosted its position in Trinity Industries by 36.5% in the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock worth $199,000 after purchasing an additional 1,900 shares during the last quarter. Fisher Asset Management LLC purchased a new position in Trinity Industries in the second quarter worth $205,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in Trinity Industries in the second quarter worth $208,000. 80.82% of the stock is currently owned by institutional investors and hedge funds.
About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation 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; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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