Trinity Industries’ (TRN) Sell Rating Reaffirmed at Axiom Securities
A number of other equities research analysts also recently issued reports on TRN. BidaskClub downgraded shares of Trinity Industries from a buy rating to a hold rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Trinity Industries from a sell rating to a hold rating and set a $31.00 price target on the stock in a research report on Wednesday, July 19th. ValuEngine raised shares of Trinity Industries from a hold rating to a buy rating in a research report on Friday, June 2nd. Finally, Buckingham Research began coverage on shares of Trinity Industries in a research report on Wednesday, June 21st. They set a buy rating and a $32.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Trinity Industries currently has a consensus rating of Hold and an average target price of $26.78.
Trinity Industries (NYSE TRN) opened at 27.44 on Wednesday. Trinity Industries has a one year low of $20.80 and a one year high of $30.13. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 16.87 and a beta of 2.19. The stock has a 50 day moving average of $27.43 and a 200 day moving average of $27.07.
Trinity Industries (NYSE:TRN) last released its earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The firm had revenue of $905.50 million during the quarter, compared to the consensus estimate of $947.40 million. During the same period in the previous year, the firm earned $0.62 earnings per share. Trinity Industries’s revenue was down 23.6% compared to the same quarter last year. Analysts forecast that Trinity Industries will post $1.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, July 14th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.90%. This is a boost from Trinity Industries’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, July 12th. Trinity Industries’s payout ratio is 32.10%.
In other Trinity Industries news, insider D Stephen Menzies sold 27,742 shares of Trinity Industries stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $26.11, for a total transaction of $724,343.62. Following the transaction, the insider now directly owns 236,707 shares of the company’s stock, valued at $6,180,419.77. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its position in Trinity Industries by 9.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,100 shares of the transportation company’s stock worth $725,000 after buying an additional 2,180 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Trinity Industries by 7.6% in the first quarter. BNP Paribas Arbitrage SA now owns 218,627 shares of the transportation company’s stock worth $5,805,000 after buying an additional 15,523 shares during the last quarter. Norges Bank purchased a new position in Trinity Industries during the fourth quarter worth approximately $33,224,000. Swiss National Bank boosted its position in Trinity Industries by 0.6% in the first quarter. Swiss National Bank now owns 251,900 shares of the transportation company’s stock worth $6,688,000 after buying an additional 1,400 shares during the last quarter. Finally, Creative Planning boosted its position in Trinity Industries by 4.0% in the first quarter. Creative Planning now owns 17,395 shares of the transportation company’s stock worth $462,000 after buying an additional 663 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.
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.
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