Trinity Industries, Inc. (NYSE:TRN) SVP William A. Mcwhirter sold 20,000 shares of Trinity Industries stock in a transaction on Friday, December 15th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the transaction, the senior vice president now owns 191,339 shares in the company, valued at approximately $7,060,409.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Trinity Industries, Inc. (NYSE:TRN) opened at $36.71 on Friday. Trinity Industries, Inc. has a fifty-two week low of $25.01 and a fifty-two week high of $38.25. The company has a quick ratio of 2.62, a current ratio of 3.70 and a debt-to-equity ratio of 0.75. The firm has a market cap of $5,537.06, a PE ratio of 24.32, a PEG ratio of 2.45 and a beta of 2.26.

Trinity Industries (NYSE:TRN) last posted its earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.11. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The firm had revenue of $973.60 million for the quarter, compared to the consensus estimate of $951.60 million. During the same period in the previous year, the firm posted $0.55 EPS. The business’s quarterly revenue was down 12.4% on a year-over-year basis. research analysts anticipate that Trinity Industries, Inc. will post 1.49 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.52 annualized dividend and a yield of 1.42%. Trinity Industries’s payout ratio is 34.67%.

Trinity Industries declared that its Board of Directors has approved a share buyback program on Tuesday, December 12th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of hedge funds have recently modified their holdings of the business. ValueAct Holdings L.P. grew its stake in Trinity Industries by 10.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 17,255,115 shares of the transportation company’s stock worth $550,438,000 after acquiring an additional 1,672,510 shares in the last quarter. Vanguard Group Inc. grew its stake in Trinity Industries by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 12,345,367 shares of the transportation company’s stock worth $346,040,000 after acquiring an additional 78,124 shares in the last quarter. Janus Henderson Group PLC grew its stake in Trinity Industries by 16.3% in the 3rd quarter. Janus Henderson Group PLC now owns 4,512,499 shares of the transportation company’s stock worth $143,949,000 after acquiring an additional 633,336 shares in the last quarter. Impala Asset Management LLC grew its stake in Trinity Industries by 8.5% in the 3rd quarter. Impala Asset Management LLC now owns 2,130,641 shares of the transportation company’s stock worth $67,967,000 after acquiring an additional 167,491 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in Trinity Industries by 15.3% in the 3rd quarter. Jennison Associates LLC now owns 1,070,222 shares of the transportation company’s stock worth $34,140,000 after acquiring an additional 141,992 shares in the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

A number of research firms recently weighed in on TRN. Cowen lifted their target price on shares of Trinity Industries from $36.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday. Susquehanna Bancshares upgraded shares of Trinity Industries from a “neutral” rating to a “positive” rating in a research note on Monday, November 6th. UBS upgraded shares of Trinity Industries from a “neutral” rating to a “positive” rating in a research note on Monday, November 6th. Stifel Nicolaus lowered their target price on shares of Trinity Industries from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Finally, Zacks Investment Research cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $35.00.

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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.

Insider Buying and Selling by Quarter for Trinity Industries (NYSE:TRN)

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