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