Today, Axiom Securities Reaffirmed Sell Rating for Trinity Industries Inc. (TRN)

Today, Axiom Securities Reaffirmed Sell Rating for Trinity Industries Inc. (TRN)

Axiom Securities reissued their sell rating on shares of Trinity Industries Inc. (NYSE:TRN) in a report issued on Saturday morning.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Trinity Industries from a strong sell rating to a hold rating in a research note on Tuesday, November 1st. KeyCorp reaffirmed a buy rating and issued a $28.00 price target on shares of Trinity Industries in a research note on Monday, October 3rd. Stifel Nicolaus lifted their price target on shares of Trinity Industries from $20.00 to $21.00 and gave the company a hold rating in a research note on Friday, September 30th. assumed coverage on shares of Trinity Industries in a research note on Friday, September 30th. They issued an underperform rating and a $26.00 price target on the stock. Finally, Wells Fargo & Co. reaffirmed a hold rating and issued a $22.00 price target on shares of Trinity Industries in a research note on Monday, September 19th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $21.11.

Shares of Trinity Industries (NYSE:TRN) opened at 27.37 on Friday. The firm has a 50-day moving average of $23.94 and a 200-day moving average of $21.91. The company has a market capitalization of $4.17 billion, a P/E ratio of 8.79 and a beta of 2.10. Trinity Industries has a one year low of $14.94 and a one year high of $27.98.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. Trinity Industries had a net margin of 9.46% and a return on equity of 11.37%. The firm had revenue of $1.11 billion for the quarter. During the same period in the previous year, the firm posted $1.31 EPS. The business’s quarterly revenue was down 27.9% compared to the same quarter last year. Equities research analysts expect that Trinity Industries will post $2.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, October 14th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, October 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.15%. Trinity Industries’s payout ratio is 14.15%.

In other news, major shareholder Valueact Capital Master Fund, bought 461,605 shares of the stock in a transaction that occurred on Friday, November 4th. The shares were acquired at an average cost of $21.17 per share, for a total transaction of $9,772,177.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. MU Investments Co. Ltd. purchased a new position in shares of Trinity Industries during the second quarter worth $112,000. Pinkerton Retirement Specialists LLC purchased a new position in shares of Trinity Industries during the second quarter worth $126,000. Advisor Group Inc. purchased a new position in shares of Trinity Industries during the second quarter worth $133,000. TCI Wealth Advisors Inc. increased its position in shares of Trinity Industries by 0.5% in the third quarter. TCI Wealth Advisors Inc. now owns 5,505 shares of the company’s stock worth $133,000 after buying an additional 27 shares during the last quarter. Finally, Seven Bridges Advisors LLC purchased a new position in shares of Trinity Industries during the third quarter worth $138,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Trinity Industries Company Profile

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