Trinity Industries, Inc. (NYSE:TRN) Upgraded at Stifel Nicolaus
Stifel Nicolaus upgraded shares of Trinity Industries, Inc. (NYSE:TRN) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. They currently have $31.00 target price on the transportation company’s stock, up from their previous target price of $29.00. The analysts noted that the move was a valuation call.
Several other research firms also recently commented on TRN. Axiom Securities reaffirmed a sell rating and issued a $11.00 price target on shares of Trinity Industries in a research note on Friday, June 30th. BidaskClub raised shares of Trinity Industries from a hold rating to a buy rating in a research note on Saturday, July 1st. Zacks Investment Research raised shares of Trinity Industries from a sell rating to a hold rating and set a $31.00 price target on the stock in a research note on Wednesday, July 19th. Buckingham Research began coverage on shares of Trinity Industries in a research note on Wednesday, June 21st. They issued a buy rating and a $32.00 price target on the stock. Finally, ValuEngine raised shares of Trinity Industries from a hold rating to a buy rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $26.78.
Trinity Industries (NYSE:TRN) traded up 0.164% during midday trading on Thursday, reaching $27.485. 197,917 shares of the company traded hands. The company has a 50 day moving average price of $27.43 and a 200-day moving average price of $27.07. The stock has a market capitalization of $4.16 billion, a P/E ratio of 16.893 and a beta of 2.19. Trinity Industries has a one year low of $20.80 and a one year high of $30.13.
Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The company had revenue of $905.50 million for the quarter, compared to the consensus estimate of $947.40 million. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The firm’s revenue was down 23.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS. Analysts forecast that Trinity Industries will post $1.19 EPS for the current fiscal year.
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In other Trinity Industries news, insider D Stephen Menzies sold 27,742 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $26.11, for a total transaction of $724,343.62. Following the transaction, the insider now owns 236,707 shares of the company’s stock, valued at approximately $6,180,419.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of TRN. Vanguard Group Inc. increased its position in Trinity Industries by 5.3% in the first quarter. Vanguard Group Inc. now owns 12,267,243 shares of the transportation company’s stock worth $325,695,000 after buying an additional 612,668 shares during the period. Dimensional Fund Advisors LP boosted its stake in Trinity Industries by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,934,005 shares of the transportation company’s stock worth $130,998,000 after buying an additional 24,412 shares in the last quarter. State Street Corp boosted its stake in Trinity Industries by 1.8% in the first quarter. State Street Corp now owns 4,070,436 shares of the transportation company’s stock worth $108,071,000 after buying an additional 71,993 shares in the last quarter. Impala Asset Management LLC boosted its stake in Trinity Industries by 18.6% in the first quarter. Impala Asset Management LLC now owns 2,016,708 shares of the transportation company’s stock worth $53,544,000 after buying an additional 316,694 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Trinity Industries by 2.4% in the first quarter. AQR Capital Management LLC now owns 1,841,895 shares of the transportation company’s stock worth $48,902,000 after buying an additional 42,800 shares in the last quarter. 80.54% of the stock is currently owned by institutional investors and hedge funds.
Trinity Industries Company Profile
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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