Shares of Trinity Industries Inc (NYSE:TRN) have received an average recommendation of “Hold” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $33.22.

A number of equities research analysts have recently issued reports on the company. Mizuho set a $40.00 target price on Trinity Industries and gave the stock a “buy” rating in a research report on Tuesday, October 30th. ValuEngine downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Cowen reissued a “buy” rating and issued a $47.00 target price on shares of Trinity Industries in a report on Thursday, November 1st. Stifel Nicolaus raised their price target on Trinity Industries from $45.00 to $47.00 and gave the company a “buy” rating in a report on Friday, October 5th. Finally, Seaport Global Securities raised Trinity Industries from a “neutral” rating to a “buy” rating and set a $29.00 price target for the company in a report on Monday, November 26th.

In related news, Director Brandon B. Boze purchased 8,788 shares of the firm’s stock in a transaction dated Friday, November 23rd. The stock was bought at an average price of $22.00 per share, for a total transaction of $193,336.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brandon B. Boze purchased 280,506 shares of the firm’s stock in a transaction dated Monday, December 10th. The shares were bought at an average price of $21.91 per share, with a total value of $6,145,886.46. The disclosure for this purchase can be found here. Insiders have bought a total of 613,004 shares of company stock worth $13,444,996 in the last three months. Insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRN. Hennessy Advisors Inc. purchased a new position in Trinity Industries in the 3rd quarter worth $28,392,000. Prudential Financial Inc. lifted its stake in shares of Trinity Industries by 599.2% in the third quarter. Prudential Financial Inc. now owns 862,794 shares of the transportation company’s stock worth $31,613,000 after buying an additional 739,391 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Trinity Industries by 70.3% in the third quarter. AQR Capital Management LLC now owns 731,158 shares of the transportation company’s stock worth $26,790,000 after buying an additional 301,927 shares in the last quarter. Water Island Capital LLC lifted its stake in shares of Trinity Industries by 143.8% in the third quarter. Water Island Capital LLC now owns 426,668 shares of the transportation company’s stock worth $15,633,000 after buying an additional 251,668 shares in the last quarter. Finally, Cornerstone Wealth Management LLC purchased a new position in shares of Trinity Industries during the third quarter valued at approximately $5,443,000. 81.07% of the stock is owned by institutional investors.

Shares of NYSE TRN traded up $0.07 during midday trading on Friday, hitting $21.87. The stock had a trading volume of 1,466,190 shares, compared to its average volume of 1,972,299. The firm has a market capitalization of $3.18 billion, a P/E ratio of 14.39, a P/E/G ratio of 1.72 and a beta of 2.15. Trinity Industries has a 1-year low of $18.99 and a 1-year high of $39.35. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.50 and a quick ratio of 1.38.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Wednesday, October 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). Trinity Industries had a return on equity of 5.38% and a net margin of 18.57%. The business had revenue of $930.90 million for the quarter, compared to analysts’ expectations of $969.60 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. On average, equities research analysts expect that Trinity Industries will post 0.71 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Tuesday, January 15th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, January 14th. This represents a $0.52 dividend on an annualized basis and a yield of 2.38%. Trinity Industries’s dividend payout ratio (DPR) is currently 34.21%.

About Trinity Industries

Trinity Industries, Inc provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and railcar maintenance services.

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Analyst Recommendations for Trinity Industries (NYSE:TRN)

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