Trinity Industries, Inc. (NYSE:TRN) SVP William A. Mcwhirter sold 20,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the sale, the senior vice president now owns 191,339 shares of the company’s stock, valued at $7,060,409.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Trinity Industries, Inc. (TRN) traded down $0.88 during trading hours on Friday, reaching $36.48. 1,727,100 shares of the company’s stock were exchanged, compared to its average volume of 1,313,645. The company has a current ratio of 3.70, a quick ratio of 2.62 and a debt-to-equity ratio of 0.75. The stock has a market cap of $5,670.63, a PE ratio of 24.91, a P/E/G ratio of 2.51 and a beta of 2.26. Trinity Industries, Inc. has a one year low of $25.01 and a one year high of $38.25.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. The company had revenue of $973.60 million during the quarter, compared to analysts’ expectations of $951.60 million. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS. analysts predict that Trinity Industries, Inc. will post 1.49 earnings per share for the current year.

Trinity Industries declared that its Board of Directors has approved a stock repurchase program on Tuesday, December 12th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.52 annualized dividend and a dividend yield of 1.43%. Trinity Industries’s payout ratio is 34.67%.

A number of analysts have recently commented on TRN shares. Zacks Investment Research upgraded Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Thursday, August 17th. BidaskClub upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Cowen restated a “buy” rating and set a $31.00 price objective on shares of Trinity Industries in a report on Monday, August 28th. ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Citigroup upgraded Trinity Industries from a “neutral” rating to a “buy” rating and lowered their price target for the company from $45.00 to $36.00 in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $35.00.

Several hedge funds have recently modified their holdings of the company. ValueAct Holdings L.P. lifted its position in shares of Trinity Industries by 10.7% during the third quarter. ValueAct Holdings L.P. now owns 17,255,115 shares of the transportation company’s stock worth $550,438,000 after purchasing an additional 1,672,510 shares during the last quarter. Vanguard Group Inc. raised its stake in Trinity Industries by 0.6% during the second quarter. Vanguard Group Inc. now owns 12,345,367 shares of the transportation company’s stock worth $346,040,000 after acquiring an additional 78,124 shares during the period. Janus Henderson Group PLC raised its stake in Trinity Industries by 16.3% during the third quarter. Janus Henderson Group PLC now owns 4,512,499 shares of the transportation company’s stock worth $143,949,000 after acquiring an additional 633,336 shares during the period. Impala Asset Management LLC raised its stake in Trinity Industries by 8.5% during the third quarter. Impala Asset Management LLC now owns 2,130,641 shares of the transportation company’s stock worth $67,967,000 after acquiring an additional 167,491 shares during the period. Finally, Jennison Associates LLC raised its stake in Trinity Industries by 15.3% during the third quarter. Jennison Associates LLC now owns 1,070,222 shares of the transportation company’s stock worth $34,140,000 after acquiring an additional 141,992 shares during the period. 82.46% of the stock is currently owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Trinity Industries (NYSE:TRN)

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