A number of research firms have changed their ratings and price targets for Trinity Industries (NYSE: TRN):

  • 10/3/2017 – Trinity Industries had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $35.00 price target on the stock, up previously from $29.00.
  • 10/2/2017 – Trinity Industries was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/2/2017 – Trinity Industries had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $41.00 price target on the stock, up previously from $34.00.
  • 10/2/2017 – Trinity Industries had its price target raised by analysts at Buckingham Research from $34.00 to $36.00. They now have a “buy” rating on the stock.
  • 10/1/2017 – Trinity Industries had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $31.00 price target on the stock.
  • 10/1/2017 – Trinity Industries had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $42.00 price target on the stock, up previously from $31.00.
  • 9/29/2017 – 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. “
  • 9/29/2017 – Trinity Industries was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $36.00 price target on the stock, down previously from $45.00.
  • 9/26/2017 – Trinity Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 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. “
  • 9/23/2017 – 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. “
  • 9/19/2017 – Trinity Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $33.00 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. “
  • 9/16/2017 – Trinity Industries was downgraded by analysts at Zacks Investment Research from a “strong-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. “
  • 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 BidaskClub from a “hold” rating to a “buy” rating.
  • 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. “
  • 8/24/2017 – 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.

Shares of Trinity Industries, Inc. (NYSE:TRN) opened at 34.68 on Thursday. The firm has a market capitalization of $5.25 billion, a PE ratio of 21.32 and a beta of 2.19. The company’s 50-day moving average is $29.87 and its 200 day moving average is $27.72. Trinity Industries, Inc. has a 52-week low of $20.80 and a 52-week high of $35.97.

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 the Zacks’ consensus estimate of $0.31 by $0.02. The company had revenue of $905.50 million for the quarter, compared to analyst estimates of $947.40 million. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The firm’s quarterly revenue was down 23.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. Equities analysts expect that Trinity Industries, Inc. will post $1.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.50%. Trinity Industries’s dividend payout ratio (DPR) is 32.10%.

In related news, major shareholder Holdings L.P. Valueact acquired 7,114 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost of $28.50 per share, for a total transaction of $202,749.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Valueact Capital Master Fund, acquired 248,941 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were bought at an average price of $28.65 per share, for a total transaction of $7,132,159.65. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,709,624 shares of company stock worth $48,298,143. 2.00% of the stock is owned by insiders.

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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