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Trinity Industries (NYSE:TRN) shares reached a new 52-week high on Tuesday , American Banking News.com reports. The company traded as high as $49.65 and last traded at $49.23, with a volume of 1,487,271 shares changing hands. The stock had previously closed at $48.38.

TRN has been the subject of a number of recent research reports. Analysts at KeyCorp reiterated a “buy” rating on shares of Trinity Industries in a research note on Tuesday, August 19th. They now have a $55.00 price target on the stock, up previously from $53.00. Separately, analysts at Stifel Nicolaus raised their price target on shares of Trinity Industries from $50.00 to $53.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Trinity Industries in a research note on Monday, June 30th. They now have a $45.00 price target on the stock, down previously from $46.00. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $42.38.

The stock’s 50-day moving average is $45.06 and its 200-day moving average is $39.99. The company has a market cap of $7.680 billion and a price-to-earnings ratio of 12.76.

Trinity Industries (NYSE:TRN) last released its earnings data on Tuesday, July 29th. The company reported $1.01 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.24. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the company posted $1.06 earnings per share. Trinity Industries’s revenue was up 39.3% compared to the same quarter last year. On average, analysts predict that Trinity Industries will post $4.12 earnings per share for the current fiscal year.

In other Trinity Industries news, Director David W. Biegler sold 7,500 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $48.80, for a total transaction of $366,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Trinity Industries, Inc (NYSE:TRN) is a multi-industry company.

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