Trinity Industries (NYSE:TRN) Reaches New 12-Month High on Analyst Upgrade

Shares of Trinity Industries, Inc. (NYSE:TRN) hit a new 52-week high on Thursday after Susquehanna raised their price target on the stock from $30.00 to $34.00. Susquehanna currently has a positive rating on the stock. Trinity Industries traded as high as $30.46 and last traded at $29.89, with a volume of 96770 shares trading hands. The stock had previously closed at $29.55.

Separately, TD Cowen boosted their price objective on shares of Trinity Industries from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Trinity Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

Insider Activity at Trinity Industries

In other Trinity Industries 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 transaction of $273,868.00. Following the sale, the chief financial officer now directly owns 233,704 shares of the company’s stock, valued at approximately $6,543,712. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Trinity Industries

Several large investors have recently bought and sold shares of the company. TFO Wealth Partners LLC grew its position in shares of Trinity Industries by 22,360.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock worth $30,000 after buying an additional 1,118 shares in the last quarter. Ramirez Asset Management Inc. bought a new stake in shares of Trinity Industries during the third quarter valued at about $32,000. ICA Group Wealth Management LLC bought a new stake in shares of Trinity Industries during the fourth quarter valued at about $32,000. Huntington National Bank raised its stake in shares of Trinity Industries by 61.8% during 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 in the last quarter. Finally, Northwest Bank & Trust Co bought a new stake in Trinity Industries in the fourth quarter worth about $66,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Trading Up 1.3 %

The company has a quick ratio of 0.78, a current ratio of 1.91 and a debt-to-equity ratio of 4.51. The firm’s 50-day simple moving average is $26.46 and its 200 day simple moving average is $25.49. The stock has a market capitalization of $2.45 billion, a P/E ratio of 23.45 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last issued its earnings results 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. The company had revenue of $797.90 million for the quarter, compared to the consensus estimate of $749.25 million. Trinity Industries had a return on equity of 9.29% and a net margin of 3.55%. The firm’s quarterly revenue was up 35.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. Equities research analysts anticipate that Trinity Industries, Inc. will post 1.46 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a yield of 3.74%. Trinity Industries’s payout ratio is currently 88.89%.

Trinity Industries Company Profile

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.