Trinity Industries Inc. (TRN) Receives “Hold” Rating from Wells Fargo & Co.
Trinity Industries Inc. (NYSE:TRN)‘s stock had its “hold” rating reaffirmed by equities research analysts at Wells Fargo & Co. in a research report issued to clients and investors on Monday. They currently have a $22.00 target price on the stock.
Several other equities analysts have also recently weighed in on the company. TheStreet upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Wednesday, July 27th. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and raised their price objective for the company from $23.00 to $24.00 in a report on Monday, July 25th. Cowen and Company raised 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. Zacks Investment Research upgraded Trinity Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Longbow Research cut 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 issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of €19.29 ($21.43).
Shares of Trinity Industries (NYSE:TRN) opened at 23.80 on Monday. The stock has a 50 day moving average price of $23.66 and a 200 day moving average price of $19.90. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 6.15 and a beta of 2.24. Trinity Industries has a 1-year low of $14.94 and a 1-year high of $30.38.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.14. The company earned $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Trinity Industries had a return on equity of 14.62% and a net margin of 10.91%. During the same quarter last year, the company earned $1.33 EPS. Analysts forecast that Trinity Industries will post $2.20 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, October 12th. This represents a $0.04 annualized dividend and a yield of 0.17%. Trinity Industries’s dividend payout ratio (DPR) is presently 11.37%.
Large investors have recently modified their holdings of the company. ValueAct Holdings L.P. bought a new stake in shares of Trinity Industries during the second quarter valued at about $111,420,000. BlackRock Fund Advisors increased its stake in shares of Trinity Industries by 5.2% in the second quarter. BlackRock Fund Advisors now owns 5,239,663 shares of the company’s stock valued at $97,301,000 after buying an additional 256,741 shares during the period. D.C. Capital Advisors Ltd increased its stake in shares of Trinity Industries by 1,900.0% in the second quarter. D.C. Capital Advisors Ltd now owns 5,000,000 shares of the company’s stock valued at $9,285,000 after buying an additional 4,750,000 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Trinity Industries by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,644,976 shares of the company’s stock valued at $85,050,000 after buying an additional 30,402 shares during the period. Finally, State Street Corp increased 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 valued at $73,280,000 after buying an additional 68,123 shares during the period. Hedge funds and other institutional investors 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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