Trinity Industries Inc. (NYSE:TRN)‘s stock had its “hold” rating restated by Wells Fargo & Co. in a report issued on Monday. They currently have a $22.00 price objective on the stock.
Several other research firms also recently weighed in on TRN. Cowen and Company lifted their price objective on Trinity Industries from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, July 25th. Susquehanna downgraded shares of Trinity Industries from a “positive” rating to a “neutral” rating and boosted their target price for the stock from $23.00 to $24.00 in a report on Monday, July 25th. TheStreet upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a report on Wednesday, July 27th. Zacks Investment Research upgraded shares of Trinity Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Longbow Research downgraded shares of Trinity Industries from a “buy” rating to a “neutral” rating in a report on Monday, June 20th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Trinity Industries has an average rating of “Hold” and an average price target of €19.29 ($21.43).
Shares of Trinity Industries (NYSE:TRN) traded down 0.46% during trading on Monday, hitting $23.69. 1,145,039 shares of the stock traded hands. Trinity Industries has a 52-week low of $14.94 and a 52-week high of $30.38. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 6.12 and a beta of 2.24. The stock has a 50 day moving average of $23.88 and a 200 day moving average of $20.11.
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Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.14. The firm earned $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Trinity Industries had a return on equity of 14.62% and a net margin of 10.91%. During the same period in the previous year, the company posted $1.33 earnings per share. Analysts expect that Trinity Industries will post $2.20 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.17%. Trinity Industries’s payout ratio is 11.37%.
Several large investors have recently modified their holdings of TRN. State Street Corp raised its stake in shares of Trinity Industries by 1.7% in the first quarter. State Street Corp now owns 4,002,036 shares of the company’s stock worth $73,280,000 after buying an additional 68,123 shares during the last quarter. BB&T Securities LLC raised its stake in shares of Trinity Industries by 2.1% in the first quarter. BB&T Securities LLC now owns 83,364 shares of the company’s stock worth $1,526,000 after buying an additional 1,691 shares in the last quarter. Huntington Asset Advisors Inc. purchased a new stake in shares of Trinity Industries during the first quarter worth approximately $540,000. JPMorgan Chase & Co. raised its stake in shares of Trinity Industries by 11.7% in the first quarter. JPMorgan Chase & Co. now owns 542,157 shares of the company’s stock worth $9,927,000 after buying an additional 56,904 shares in the last quarter. Finally, Columbia Partners L L C Investment Management purchased a new stake in shares of Trinity Industries during the first quarter worth approximately $1,385,000. Institutional investors and hedge funds own 75.87% of the company’s stock.
About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns a range of businesses providing products and services to the energy, transportation, chemical 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; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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