Somewhat Positive Media Coverage Somewhat Unlikely to Affect Trinity Industries (TRN) Stock Price
News stories about Trinity Industries (NYSE:TRN) have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Trinity Industries earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the transportation company an impact score of 45.3924059256548 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Trinity Industries (NYSE:TRN) traded down $1.04 during trading hours on Tuesday, reaching $36.11. 1,177,300 shares of the company were exchanged, compared to its average volume of 1,500,000. The company has a market capitalization of $5,480.00, a PE ratio of 24.07, a price-to-earnings-growth ratio of 2.74 and a beta of 2.27. Trinity Industries has a fifty-two week low of $25.01 and a fifty-two week high of $38.25. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.70 and a quick ratio of 2.62.
Trinity Industries (NYSE:TRN) last posted its earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.11. The firm had revenue of $973.60 million for the quarter, compared to analysts’ expectations of $951.60 million. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The company’s revenue was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. sell-side analysts predict that Trinity Industries will post 1.48 EPS for the current fiscal year.
Trinity Industries announced that its board has authorized a share repurchase program on Tuesday, December 12th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the transportation company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
A number of research analysts recently issued reports on the stock. Citigroup raised shares of Trinity Industries from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $45.00 to $36.00 in a research note on Friday, September 29th. Zacks Investment Research cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Susquehanna Bancshares raised shares of Trinity Industries from a “neutral” rating to a “positive” rating in a research note on Monday, November 6th. ValuEngine cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Cowen reissued a “buy” rating and issued a $31.00 price objective on shares of Trinity Industries in a research note on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Trinity Industries presently has a consensus rating of “Buy” and an average target price of $36.25.
In other Trinity Industries news, SVP William A. Mcwhirter sold 20,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $36.90, for a total transaction of $738,000.00. Following the sale, the senior vice president now owns 191,339 shares of the company’s stock, valued at $7,060,409.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Valueact Capital Master Fund, bought 832,600 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were bought at an average cost of $31.68 per share, for a total transaction of $26,376,768.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 1,722,237 shares of company stock worth $55,164,869. Insiders own 2.00% of the company’s stock.
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About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation 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; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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