Trinity Industries (NYSE:TRN) Sets New 52-Week High at $31.07

Trinity Industries, Inc. (NYSE:TRN) reached a new 52-week high during trading on Thursday . The company traded as high as $31.07 and last traded at $31.06, with a volume of 382829 shares trading hands. The stock had previously closed at $30.67.

Analysts Set New Price Targets

Several research analysts have issued reports on TRN shares. TD Cowen raised their price target on shares of Trinity Industries from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Susquehanna boosted their price objective on Trinity Industries from $30.00 to $34.00 and gave the company a “positive” rating in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

Trinity Industries Stock Up 1.3 %

The firm’s fifty day moving average price is $27.04 and its two-hundred day moving average price is $25.77. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.88 and a quick ratio of 0.91. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 20.58 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. Trinity Industries had a net margin of 3.98% and a return on equity of 10.93%. The business had revenue of $809.60 million for the quarter, compared to analysts’ expectations of $750.97 million. During the same quarter last year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. Sell-side analysts forecast that Trinity Industries, Inc. will post 1.46 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a yield of 3.60%. Trinity Industries’s dividend payout ratio (DPR) is currently 75.17%.

Insider Buying and Selling

In other Trinity Industries news, CFO Eric R. Marchetto sold 9,781 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total value of $273,868.00. Following the transaction, the chief financial officer now directly owns 233,704 shares in the company, valued at approximately $6,543,712. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Trinity Industries news, CFO Eric R. Marchetto sold 8,816 shares of Trinity Industries stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total transaction of $264,480.00. Following the completion of the sale, the chief financial officer now owns 224,888 shares of the company’s stock, valued at $6,746,640. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Eric R. Marchetto sold 9,781 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $28.00, for a total transaction of $273,868.00. Following the completion of the sale, the chief financial officer now directly owns 233,704 shares of the company’s stock, valued at approximately $6,543,712. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Trinity Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank lifted its holdings in Trinity Industries by 61.8% in the 3rd quarter. Huntington National Bank now owns 1,382 shares of the transportation company’s stock worth $34,000 after buying an additional 528 shares during the period. Twelve Points Wealth Management LLC raised its holdings in Trinity Industries by 1.7% in the 4th quarter. Twelve Points Wealth Management LLC now owns 32,051 shares of the transportation company’s stock worth $852,000 after purchasing an additional 528 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Trinity Industries by 0.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 70,243 shares of the transportation company’s stock valued at $1,956,000 after purchasing an additional 574 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Trinity Industries by 10.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,008 shares of the transportation company’s stock valued at $213,000 after buying an additional 764 shares during the period. Finally, TFO Wealth Partners LLC boosted its position in Trinity Industries by 22,360.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 1,118 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Company Profile

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.