Trinity Industries (NYSE:TRN) Given New $33.00 Price Target at TD Cowen

Trinity Industries (NYSE:TRN) had its target price boosted by TD Cowen from $30.00 to $33.00 in a research report released on Thursday morning, Marketbeat Ratings reports. TD Cowen currently has a buy rating on the transportation company’s stock.

Separately, Susquehanna cut their target price on Trinity Industries from $32.00 to $30.00 and set a positive rating on the stock in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $31.00.

Trinity Industries Stock Up 1.3 %

NYSE:TRN traded up $0.39 during mid-day trading on Thursday, hitting $30.44. 628,976 shares of the company’s stock traded hands, compared to its average volume of 628,005. The company has a debt-to-equity ratio of 4.55, a quick ratio of 0.78 and a current ratio of 1.88. The company has a market capitalization of $2.49 billion, a P/E ratio of 20.43 and a beta of 1.39. The company has a fifty day moving average of $26.67 and a 200 day moving average of $25.57. Trinity Industries has a twelve month low of $20.04 and a twelve month high of $30.65.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $809.60 million during the quarter, compared to analyst estimates of $750.97 million. Trinity Industries had a net margin of 3.98% and a return on equity of 10.93%. Trinity Industries’s revenue was up 26.2% on a year-over-year basis. During the same period last year, the firm posted $0.07 EPS. On average, analysts forecast that Trinity Industries will post 1.46 EPS for the current year.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were paid 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 dividend yield of 3.68%. Trinity Industries’s payout ratio is currently 75.17%.

Insider Activity

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

Hedge Funds Weigh In On Trinity Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. Choreo LLC acquired a new position in shares of Trinity Industries in the 1st quarter valued at about $201,000. Capstone Investment Advisors LLC acquired a new position in shares of Trinity Industries in the 1st quarter valued at about $330,000. BNP Paribas Financial Markets increased its stake in shares of Trinity Industries by 43.0% in the 1st quarter. BNP Paribas Financial Markets now owns 44,125 shares of the transportation company’s stock valued at $1,229,000 after purchasing an additional 13,267 shares in the last quarter. Heritage Investors Management Corp purchased a new position in shares of Trinity Industries in the 1st quarter valued at about $212,000. Finally, Harvey Investment Co. LLC purchased a new position in shares of Trinity Industries in the 1st quarter valued at about $203,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

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.