Trinity Industries Inc. (TRN) Given Consensus Rating of “Hold” by Brokerages
Shares of Trinity Industries Inc. (NYSE:TRN) have been given an average rating of “Hold” by the thirteen research firms that are currently covering the company. Five analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is €23.00 ($25.27).
Several brokerages recently issued reports on TRN. Zacks Investment Research downgraded Trinity Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. Stifel Nicolaus upped their price objective on Trinity Industries from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Friday, September 30th. Cowen and Company upped their price objective on Trinity Industries from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, July 25th. Wells Fargo & Co. restated a “hold” rating on shares of Trinity Industries in a research note on Wednesday, June 22nd. Finally, TheStreet upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th.
Trinity Industries (NYSE:TRN) traded down 0.17% on Monday, reaching $22.99. The company had a trading volume of 449,904 shares. The stock’s 50-day moving average price is $24.00 and its 200-day moving average price is $20.81. The stock has a market capitalization of $3.50 billion, a P/E ratio of 5.94 and a beta of 2.16. Trinity Industries has a 12-month low of $14.94 and a 12-month high of $30.38.
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Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.14. Trinity Industries had a return on equity of 14.62% and a net margin of 10.91%. The business earned $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. On average, equities research analysts anticipate that Trinity Industries will post $2.20 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 14th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, October 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.17%. Trinity Industries’s dividend payout ratio (DPR) is 11.37%.
Hedge funds have recently modified their holdings of the company. ValueAct Holdings L.P. bought a new stake in shares of Trinity Industries during the second quarter worth about $111,420,000. BlackRock Fund Advisors boosted its stake in shares of Trinity Industries by 5.2% in the second quarter. BlackRock Fund Advisors now owns 5,239,663 shares of the company’s stock worth $97,301,000 after buying an additional 256,741 shares during the period. D.C. Capital Advisors Ltd boosted its stake in shares of Trinity Industries by 1,900.0% in the second quarter. D.C. Capital Advisors Ltd now owns 5,000,000 shares of the company’s stock worth $9,285,000 after buying an additional 4,750,000 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Trinity Industries by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,644,976 shares of the company’s stock worth $85,050,000 after buying an additional 30,402 shares during the period. Finally, State Street Corp boosted its stake in shares of Trinity Industries by 1.7% in the first quarter. State Street Corp now owns 4,002,036 shares of the company’s stock worth $73,280,000 after buying an additional 68,123 shares during the period. 72.09% 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 a range of businesses providing products and services to the energy, transportation, chemical 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; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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