Stifel Nicolaus reaffirmed their buy rating on shares of Trinity Industries, Inc. (NYSE:TRN) in a research note released on Sunday. Stifel Nicolaus currently has a $42.00 price objective on the transportation company’s stock, up from their prior price objective of $31.00.

A number of other equities research analysts also recently issued reports on TRN. BidaskClub upgraded Trinity Industries from a strong sell rating to a sell rating in a research report on Thursday, June 15th. Axiom Securities reiterated a sell rating on shares of Trinity Industries in a report on Friday, June 16th. Buckingham Research started coverage on Trinity Industries in a research report on Wednesday, June 21st. They set a buy rating and a $32.00 target price on the stock. Zacks Investment Research downgraded Trinity Industries from a hold rating to a sell rating in a research report on Wednesday, June 28th. Finally, Cowen and Company boosted their target price on Trinity Industries from $30.00 to $31.00 and gave the company an outperform rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Trinity Industries presently has a consensus rating of Buy and an average target price of $30.57.

Trinity Industries (NYSE TRN) opened at 31.90 on Friday. The firm has a 50-day moving average price of $28.75 and a 200-day moving average price of $27.29. The stock has a market capitalization of $4.83 billion, a PE ratio of 19.61 and a beta of 2.19. Trinity Industries has a 52 week low of $20.80 and a 52 week high of $32.29.

Trinity Industries (NYSE:TRN) last released 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 during the quarter, compared to analyst estimates of $947.40 million. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The firm’s revenue was down 23.6% on a year-over-year basis. During the same quarter last year, the business posted $0.62 earnings per share. Equities research analysts predict that Trinity Industries will post $1.23 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.63%. Trinity Industries’s dividend payout ratio (DPR) is presently 32.10%.

In other Trinity Industries news, major shareholder Valueact Capital Master Fund, purchased 248,941 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was purchased at an average cost of $28.65 per share, with a total value of $7,132,159.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Holdings L.P. Valueact purchased 7,114 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average cost of $28.50 per share, with a total value of $202,749.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 1,709,624 shares of company stock worth $48,298,143. Insiders own 2.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. First Mercantile Trust Co. grew its position in Trinity Industries by 10.9% in the 2nd quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 570 shares during the last quarter. Invictus RG lifted its position in shares of Trinity Industries by 466.4% during the first quarter. Invictus RG now owns 6,406 shares of the transportation company’s stock worth $170,000 after purchasing an additional 5,275 shares during the last quarter. Pacad Investment Ltd. lifted its position in shares of Trinity Industries by 36.5% during the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock worth $199,000 after purchasing an additional 1,900 shares during the last quarter. Fisher Asset Management LLC bought a new stake in shares of Trinity Industries during the second quarter worth $205,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Trinity Industries during the second quarter worth $208,000. 80.82% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Trinity Industries (NYSE:TRN)

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