Trinity Industries (NYSE:TRN) had its target price trimmed by Cowen from $47.00 to $29.00 in a research note published on Monday morning, MarketBeat reports. The firm currently has an outperform rating on the transportation company’s stock.

Several other research analysts have also weighed in on TRN. ValuEngine lowered shares of Trinity Industries from a hold rating to a sell rating in a research note on Thursday, November 1st. Wells Fargo & Co dropped their price objective on shares of Trinity Industries from $53.00 to $35.00 and set an outperform rating on the stock in a research note on Thursday, November 1st. They noted that the move was a valuation call. Stifel Nicolaus upped their price objective on shares of Trinity Industries from $44.00 to $45.00 and gave the company a buy rating in a research note on Friday, July 27th. Mizuho reiterated a buy rating and issued a $48.00 price objective on shares of Trinity Industries in a research note on Thursday, July 26th. Finally, UBS Group upgraded shares of Trinity Industries from a hold rating to a buy rating in a research note on Tuesday, October 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $36.22.

Trinity Industries stock opened at $21.74 on Monday. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 1.29 and a beta of 2.25. The company has a current ratio of 2.50, a quick ratio of 1.38 and a debt-to-equity ratio of 0.71. Trinity Industries has a twelve month low of $20.65 and a twelve month high of $39.35.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Wednesday, October 24th. The transportation company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.02). The company had revenue of $930.90 million during the quarter, compared to analyst estimates of $969.60 million. Trinity Industries had a net margin of 18.57% and a return on equity of 5.38%. During the same quarter in the prior year, the company posted $0.43 EPS. Equities research analysts forecast that Trinity Industries will post 1.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Monday, October 15th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, October 12th. This represents a $0.52 annualized dividend and a dividend yield of 2.39%. Trinity Industries’s dividend payout ratio (DPR) is 34.21%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of Trinity Industries by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,159,757 shares of the transportation company’s stock worth $79,133,000 after purchasing an additional 7,863 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of Trinity Industries by 13,081.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,779,493 shares of the transportation company’s stock worth $60,965,000 after purchasing an additional 1,765,993 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Trinity Industries by 12.3% during the 3rd quarter. Jennison Associates LLC now owns 1,693,533 shares of the transportation company’s stock worth $62,051,000 after purchasing an additional 184,920 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Trinity Industries by 171.2% during the 2nd quarter. Sterling Capital Management LLC now owns 1,284,143 shares of the transportation company’s stock worth $43,995,000 after purchasing an additional 810,646 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Trinity Industries by 34.4% during the 2nd quarter. First Trust Advisors LP now owns 1,021,150 shares of the transportation company’s stock worth $34,985,000 after purchasing an additional 261,306 shares during the last quarter. Institutional investors own 81.91% of the company’s stock.

About Trinity Industries

Trinity Industries, Inc provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and railcar maintenance services.

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Analyst Recommendations for Trinity Industries (NYSE:TRN)

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