Trinity Industries, Inc. (NYSE:TRN) had its target price hoisted by Cowen and Company from $31.00 to $39.00 in a research note published on Thursday morning. They currently have an outperform rating on the transportation company’s stock.

A number of other research analysts have also recently commented on TRN. BidaskClub upgraded Trinity Industries from a strong sell rating to a sell rating in a research note on Thursday, June 15th. Axiom Securities restated a sell rating on shares of Trinity Industries in a research note on Friday, June 16th. Buckingham Research started coverage on Trinity Industries in a research note on Wednesday, June 21st. They set a buy rating and a $32.00 price objective on the stock. Zacks Investment Research upgraded Trinity Industries from a sell rating to a hold rating and set a $31.00 price objective on the stock in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus upgraded Trinity Industries from a hold rating to a buy rating and boosted their price objective for the stock from $29.00 to $31.00 in a research note on Thursday, July 27th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $34.25.

Trinity Industries (NYSE TRN) traded down 0.94% during midday trading on Thursday, hitting $34.73. The company had a trading volume of 1,002,020 shares. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 21.35 and a beta of 2.19. Trinity Industries has a 52-week low of $20.80 and a 52-week high of $35.97. The stock has a 50 day moving average of $30.06 and a 200 day moving average of $27.78.

Trinity Industries (NYSE:TRN) last issued its earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. The firm had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $947.40 million. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The firm’s revenue for the quarter was down 23.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. On average, analysts anticipate that Trinity Industries will post $1.23 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Trinity Industries, Inc. (TRN) Price Target Increased to $39.00 by Analysts at Cowen and Company” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/10/06/trinity-industries-inc-trn-price-target-increased-to-39-00-by-analysts-at-cowen-and-company.html.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, October 12th. Trinity Industries’s dividend payout ratio is currently 32.10%.

In related news, major shareholder Valueact Capital Master Fund, bought 5,100 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average cost of $28.41 per share, with a total value of $144,891.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Holdings L.P. Valueact bought 167,395 shares of the stock in a transaction dated Thursday, August 3rd. The shares were bought at an average cost of $27.51 per share, with a total value of $4,605,036.45. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 1,709,624 shares of company stock valued at $48,298,143. 2.00% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC boosted its position in shares of Trinity Industries by 47.0% during the second quarter. Advisory Services Network LLC now owns 10,785 shares of the transportation company’s stock worth $302,000 after buying an additional 3,450 shares during the period. Greenwood Gearhart Inc. boosted its position in shares of Trinity Industries by 2.5% during the second quarter. Greenwood Gearhart Inc. now owns 149,800 shares of the transportation company’s stock worth $4,199,000 after buying an additional 3,590 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Trinity Industries by 1.1% during the second quarter. Ameritas Investment Partners Inc. now owns 62,738 shares of the transportation company’s stock worth $1,758,000 after buying an additional 675 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Trinity Industries by 7.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 10,037 shares of the transportation company’s stock worth $281,000 after buying an additional 704 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Trinity Industries by 4,963.0% during the second quarter. Tower Research Capital LLC TRC now owns 12,860 shares of the transportation company’s stock worth $360,000 after buying an additional 12,606 shares during the period. Institutional investors and hedge funds own 80.82% of the company’s stock.

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.

Analyst Recommendations for Trinity Industries (NYSE:TRN)

Receive News & Stock Ratings for Trinity Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries Inc. and related stocks with our FREE daily email newsletter.