Trinity Industries Inc (NYSE:TRN) has received a consensus rating of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $27.22.

A number of equities research analysts have commented on TRN shares. Stephens set a $24.00 price target on Trinity Industries and gave the company a “hold” rating in a research report on Thursday, March 28th. TheStreet lowered Trinity Industries from a “b” rating to a “c” rating in a research report on Thursday, April 25th. Cowen restated a “buy” rating and set a $30.00 target price on shares of Trinity Industries in a research report on Wednesday, February 20th. Mizuho restated a “buy” rating and set a $32.00 target price on shares of Trinity Industries in a research report on Tuesday, February 26th. Finally, Stifel Nicolaus set a $33.00 target price on Trinity Industries and gave the company a “buy” rating in a research report on Friday, April 26th.

Shares of NYSE TRN traded down $0.47 during trading on Thursday, reaching $20.38. The company had a trading volume of 115,378 shares, compared to its average volume of 1,298,148. Trinity Industries has a 12 month low of $18.99 and a 12 month high of $39.35. The firm has a market capitalization of $2.75 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 1.60 and a beta of 2.08. The company has a current ratio of 2.02, a quick ratio of 0.86 and a debt-to-equity ratio of 1.74.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Trinity Industries had a return on equity of 5.63% and a net margin of 4.66%. The firm had revenue of $604.80 million for the quarter, compared to analyst estimates of $660.72 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue was up 13.4% on a year-over-year basis. As a group, analysts forecast that Trinity Industries will post 1.32 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Friday, July 12th. Trinity Industries’s dividend payout ratio (DPR) is currently 85.00%.

Hedge funds have recently bought and sold shares of the stock. First Hawaiian Bank purchased a new stake in shares of Trinity Industries in the first quarter worth approximately $62,000. Nordea Investment Management AB raised its stake in shares of Trinity Industries by 41.8% in the third quarter. Nordea Investment Management AB now owns 132,487 shares of the transportation company’s stock worth $4,855,000 after purchasing an additional 39,052 shares during the last quarter. United Services Automobile Association raised its stake in shares of Trinity Industries by 10.1% in the fourth quarter. United Services Automobile Association now owns 29,977 shares of the transportation company’s stock worth $617,000 after purchasing an additional 2,748 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Trinity Industries by 88.8% in the third quarter. JPMorgan Chase & Co. now owns 360,430 shares of the transportation company’s stock worth $13,205,000 after purchasing an additional 169,568 shares during the last quarter. Finally, Monarch Partners Asset Management LLC purchased a new stake in shares of Trinity Industries in the fourth quarter worth approximately $11,145,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Company Profile

Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.

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Analyst Recommendations for Trinity Industries (NYSE:TRN)

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