Trinity Industries, Inc. (TRN) Receives Equal Weight Rating from Stephens
Stephens reissued their equal weight rating on shares of Trinity Industries, Inc. (NYSE:TRN) in a research note released on Tuesday morning. Stephens currently has a $35.00 price target on the transportation company’s stock, up from their previous price target of $29.00.
Several other research firms have also recently weighed in on TRN. Cowen and Company upped their price target on shares of Trinity Industries from $30.00 to $31.00 and gave the stock an outperform rating in a report on Thursday, July 27th. ValuEngine raised shares of Trinity Industries from a hold rating to a buy rating in a report on Friday, September 1st. Zacks Investment Research cut shares of Trinity Industries from a buy rating to a hold rating in a report on Saturday, September 23rd. Axiom Securities reaffirmed a sell rating on shares of Trinity Industries in a report on Thursday, July 13th. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $42.00 price target (up previously from $31.00) on shares of Trinity Industries in a report on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $34.25.
Trinity Industries (NYSE:TRN) opened at 34.73 on Tuesday. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 21.35 and a beta of 2.19. Trinity Industries has a 52 week low of $20.80 and a 52 week high of $35.97. The stock has a 50 day moving average price of $30.24 and a 200 day moving average price of $27.83.
Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. The firm had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $947.40 million. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The business’s quarterly revenue was down 23.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share. On average, equities analysts forecast that Trinity Industries will post $1.23 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be paid a $0.13 dividend. The ex-dividend date is Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.50%. Trinity Industries’s dividend payout ratio is presently 32.10%.
In other news, major shareholder Valueact Capital Master Fund, bought 248,941 shares of Trinity Industries stock in a transaction that occurred on Thursday, August 31st. The shares were acquired at an average price of $28.65 per share, with a total value of $7,132,159.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Holdings L.P. Valueact bought 7,114 shares of Trinity Industries stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average cost of $28.50 per share, for a total transaction of $202,749.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 1,709,624 shares of company stock worth $48,298,143. 2.00% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRN. UBS Asset Management Americas Inc. increased its stake in Trinity Industries by 7.2% in the first quarter. UBS Asset Management Americas Inc. now owns 122,677 shares of the transportation company’s stock valued at $3,257,000 after acquiring an additional 8,247 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Trinity Industries by 0.4% during the first quarter. Ameriprise Financial Inc. now owns 486,967 shares of the transportation company’s stock valued at $12,929,000 after buying an additional 2,167 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Trinity Industries by 19.9% during the first quarter. Nordea Investment Management AB now owns 56,630 shares of the transportation company’s stock valued at $1,504,000 after buying an additional 9,395 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Trinity Industries during the first quarter valued at about $363,000. Finally, OppenheimerFunds Inc. grew its stake in shares of Trinity Industries by 16.8% during the first quarter. OppenheimerFunds Inc. now owns 43,537 shares of the transportation company’s stock valued at $1,156,000 after buying an additional 6,256 shares during the last quarter. 80.82% 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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