Several analysts have recently updated their ratings and price targets for Trinity Industries (NYSE: TRN):

  • 9/1/2017 – Trinity Industries was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/28/2017 – Trinity Industries had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $31.00 price target on the stock.
  • 8/25/2017 – Trinity Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock. According to Zacks, “Trinity Industries, Inc. is engaged in the manufacture, marketing, and leasing of a wide variety of products consisting of the following business segments or groups: Railcar Group, Inland Barge Group, Parts and Services Group, Highway Construction Product Group, Concrete & Aggregate Group, Industrial Group, and others. Others includes transportation services, the company’s captive insurance company, and other peripheral businesses. “
  • 8/25/2017 – Trinity Industries was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/24/2017 – Trinity Industries was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Trinity Industries, Inc. is engaged in the manufacture, marketing, and leasing of a wide variety of products consisting of the following business segments or groups: Railcar Group, Inland Barge Group, Parts and Services Group, Highway Construction Product Group, Concrete & Aggregate Group, Industrial Group, and others. Others includes transportation services, the company’s captive insurance company, and other peripheral businesses. “
  • 8/17/2017 – Trinity Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock. According to Zacks, “Trinity Industries, Inc. is engaged in the manufacture, marketing, and leasing of a wide variety of products consisting of the following business segments or groups: Railcar Group, Inland Barge Group, Parts and Services Group, Highway Construction Product Group, Concrete & Aggregate Group, Industrial Group, and others. Others includes transportation services, the company’s captive insurance company, and other peripheral businesses. “
  • 8/16/2017 – Trinity Industries was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Trinity Industries, Inc. is engaged in the manufacture, marketing, and leasing of a wide variety of products consisting of the following business segments or groups: Railcar Group, Inland Barge Group, Parts and Services Group, Highway Construction Product Group, Concrete & Aggregate Group, Industrial Group, and others. Others includes transportation services, the company’s captive insurance company, and other peripheral businesses. “
  • 8/14/2017 – Trinity Industries was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 8/1/2017 – Trinity Industries was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/27/2017 – Trinity Industries was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $31.00 price target on the stock, up previously from $29.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/27/2017 – Trinity Industries had its price target raised by analysts at Cowen and Company from $30.00 to $31.00. They now have an “outperform” rating on the stock.
  • 7/26/2017 – Trinity Industries had its “sell” rating reaffirmed by analysts at Axiom Securities.
  • 7/19/2017 – Trinity Industries was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $31.00 price target on the stock. According to Zacks, “Trinity Industries, Inc. is engaged in the manufacture, marketing, and leasing of a wide variety of products consisting of the following business segments or groups: Railcar Group, Inland Barge Group, Parts and Services Group, Highway Construction Product Group, Concrete & Aggregate Group, Industrial Group, and others. Others includes transportation services, the company’s captive insurance company, and other peripheral businesses. “
  • 7/13/2017 – Trinity Industries had its “sell” rating reaffirmed by analysts at Axiom Securities.
  • 7/12/2017 – Trinity Industries was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of Trinity Industries, Inc. (NYSE TRN) traded down 1.28% during midday trading on Thursday, reaching $28.52. The company had a trading volume of 935,973 shares. The company has a market capitalization of $4.32 billion, a PE ratio of 17.53 and a beta of 2.18. The company has a 50 day moving average of $28.33 and a 200 day moving average of $27.15. Trinity Industries, Inc. has a one year low of $20.80 and a one year high of $30.13.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The business had revenue of $905.50 million for the quarter, compared to the consensus estimate of $947.40 million. During the same quarter last year, the business posted $0.62 earnings per share. The company’s revenue for the quarter was down 23.6% on a year-over-year basis. Analysts predict that Trinity Industries, Inc. will post $1.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.82%. Trinity Industries’s payout ratio is 32.10%.

In other news, major shareholder Holdings L.P. Valueact purchased 167,395 shares of the stock in a transaction on Thursday, August 3rd. The shares were acquired at an average price of $27.51 per share, for a total transaction of $4,605,036.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Valueact Capital Master Fund, purchased 60,819 shares of the stock in a transaction on Wednesday, August 9th. The shares were purchased at an average price of $28.39 per share, for a total transaction of $1,726,651.41. The disclosure for this purchase can be found here. Insiders have acquired 1,655,569 shares of company stock worth $46,759,738 in the last 90 days. Company insiders own 2.00% of the company’s stock.

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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