Trinity Industries, Inc. (TRN) Receives Consensus Recommendation of “Buy” from Brokerages
Trinity Industries, Inc. (NYSE:TRN) has earned an average rating of “Buy” from the eleven research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $38.17.
TRN has been the subject of several research reports. Buckingham Research initiated coverage on shares of Trinity Industries in a research report on Wednesday, June 21st. They issued a “buy” rating and a $32.00 target price for the company. Axiom Securities reissued a “sell” rating and issued a $11.00 price target on shares of Trinity Industries in a research note on Friday, June 30th. BidaskClub raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research raised shares of Trinity Industries from a “sell” rating to a “hold” rating and set a $31.00 price target for the company in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus raised shares of Trinity Industries from a “hold” rating to a “buy” rating and boosted their price target for the stock from $29.00 to $31.00 in a research note on Thursday, July 27th. They noted that the move was a valuation call.
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In other news, major shareholder Holdings L.P. Valueact acquired 167,395 shares of the stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average cost of $27.51 per share, with a total value of $4,605,036.45. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Valueact Capital Master Fund, acquired 60,819 shares of the stock in a transaction dated Wednesday, August 9th. The shares were purchased at an average cost of $28.39 per share, with a total value of $1,726,651.41. The disclosure for this purchase can be found here. Insiders acquired 1,709,624 shares of company stock valued at $48,298,143 over the last three months. 2.00% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of TRN. First Mercantile Trust Co. raised its stake in shares of Trinity Industries by 10.9% during the second quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 570 shares during the last quarter. Invictus RG raised its stake in shares of Trinity Industries by 466.4% during the first quarter. Invictus RG now owns 6,406 shares of the transportation company’s stock valued at $170,000 after acquiring an additional 5,275 shares during the last quarter. Pacad Investment Ltd. raised its stake in shares of Trinity Industries by 36.5% during the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock valued at $199,000 after acquiring an additional 1,900 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of Trinity Industries during the second quarter valued at about $205,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Trinity Industries during the second quarter valued at about $208,000. 80.65% of the stock is owned by hedge funds and other institutional investors.
Shares of Trinity Industries (NYSE:TRN) traded up 0.35% on Wednesday, hitting $34.03. The stock had a trading volume of 1,614,176 shares. Trinity Industries has a 1-year low of $20.80 and a 1-year high of $35.97. The firm has a 50-day moving average of $31.53 and a 200 day moving average of $28.31. The company has a market capitalization of $5.15 billion, a PE ratio of 20.92 and a beta of 2.19.
Trinity Industries (NYSE:TRN) last announced its earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The company had revenue of $905.50 million during the quarter, compared to analyst estimates of $947.40 million. During the same period in the previous year, the business earned $0.62 earnings per share. The firm’s quarterly revenue was down 23.6% compared to the same quarter last year. On average, equities analysts anticipate that Trinity Industries will post $1.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.53%. The ex-dividend date is Thursday, October 12th. Trinity Industries’s dividend payout ratio is presently 32.10%.
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.
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