Trinity Industries, Inc. (NYSE:TRN) Receives Average Rating of “Moderate Buy” from Analysts

Trinity Industries, Inc. (NYSE:TRN) has been assigned a consensus recommendation of “Moderate Buy” from the four brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $30.00.

TRN has been the subject of a number of recent analyst reports. Susquehanna lowered their price objective on Trinity Industries from $32.00 to $30.00 and set a “positive” rating for the company in a research note on Friday, February 23rd. TD Cowen lifted their price target on shares of Trinity Industries from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday.

Trinity Industries Price Performance

Shares of TRN stock opened at $29.55 on Thursday. Trinity Industries has a twelve month low of $20.04 and a twelve month high of $29.83. The company has a market capitalization of $2.42 billion, a PE ratio of 23.45 and a beta of 1.39. The company has a current ratio of 1.91, a quick ratio of 0.78 and a debt-to-equity ratio of 4.51. The firm has a fifty day simple moving average of $26.46 and a 200-day simple moving average of $25.49.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Thursday, February 22nd. The transportation company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.16. Trinity Industries had a net margin of 3.55% and a return on equity of 9.29%. The company had revenue of $797.90 million during the quarter, compared to analysts’ expectations of $749.25 million. During the same period in the prior year, the company posted $0.44 EPS. The firm’s revenue for the quarter was up 35.0% on a year-over-year basis. Equities research analysts anticipate that Trinity Industries will post 1.46 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.12 annualized dividend and a dividend yield of 3.79%. Trinity Industries’s payout ratio is 88.89%.

Insider Activity

In other news, CFO Eric R. Marchetto sold 9,781 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $28.00, for a total value of $273,868.00. Following the transaction, the chief financial officer now directly owns 233,704 shares in the company, valued at approximately $6,543,712. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Trinity Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. TFO Wealth Partners LLC increased its holdings in shares of Trinity Industries by 22,360.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock worth $30,000 after acquiring an additional 1,118 shares during the period. Ramirez Asset Management Inc. bought a new position in Trinity Industries in the 3rd quarter worth about $32,000. ICA Group Wealth Management LLC bought a new position in Trinity Industries in the 4th quarter worth about $32,000. Huntington National Bank increased its stake in shares of Trinity Industries by 61.8% in the third quarter. Huntington National Bank now owns 1,382 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 528 shares during the period. Finally, Northwest Bank & Trust Co bought a new stake in shares of Trinity Industries during the fourth quarter valued at approximately $66,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

About Trinity Industries

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.