Axiom Securities reiterated their sell rating on shares of Trinity Industries Inc. (NYSE:TRN) in a research note published on Saturday morning.
TRN has been the subject of several other reports. Wells Fargo & Co. restated a hold rating and set a $22.00 price objective on shares of Trinity Industries in a research report on Monday, September 19th. Zacks Investment Research downgraded Trinity Industries from a hold rating to a sell rating in a research report on Tuesday, September 27th. KeyCorp restated a buy rating and set a $28.00 price objective on shares of Trinity Industries in a research report on Monday, October 3rd. Stifel Nicolaus boosted their price target on Trinity Industries from $20.00 to $21.00 and gave the company a hold rating in a report on Friday, September 30th. Finally, began coverage on Trinity Industries in a report on Friday, September 30th. They issued an underperform rating and a $26.00 price target for the company. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $21.11.
Shares of Trinity Industries (NYSE:TRN) opened at 27.37 on Friday. The stock has a 50 day moving average price of $23.94 and a 200 day moving average price of $21.91. Trinity Industries has a 52 week low of $14.94 and a 52 week high of $27.98. The firm has a market capitalization of $4.17 billion, a PE ratio of 8.79 and a beta of 2.10.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Trinity Industries had a return on equity of 11.37% and a net margin of 9.46%. The firm earned $1.11 billion during the quarter. During the same quarter in the prior year, the firm earned $1.31 earnings per share. The company’s revenue for the quarter was down 27.9% on a year-over-year basis. Equities analysts forecast that Trinity Industries will post $2.19 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, October 14th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, October 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.15%. Trinity Industries’s dividend payout ratio is presently 14.15%.
In related news, major shareholder Valueact Capital Master Fund, acquired 461,605 shares of the stock in a transaction dated Friday, November 4th. The stock was bought at an average cost of $21.17 per share, with a total value of $9,772,177.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. BlueMountain Capital Management LLC boosted its stake in shares of Trinity Industries by 457.2% in the first quarter. BlueMountain Capital Management LLC now owns 26,660 shares of the company’s stock worth $488,000 after buying an additional 21,875 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Trinity Industries by 30.6% in the second quarter. BNP Paribas Arbitrage SA now owns 228,967 shares of the company’s stock worth $4,252,000 after buying an additional 53,595 shares during the period. Fulton Bank N.A. boosted its stake in shares of Trinity Industries by 1.4% in the second quarter. Fulton Bank N.A. now owns 15,619 shares of the company’s stock worth $290,000 after buying an additional 223 shares during the period. Park National Corp OH boosted its stake in shares of Trinity Industries by 0.9% in the second quarter. Park National Corp OH now owns 16,049 shares of the company’s stock worth $298,000 after buying an additional 150 shares during the period. Finally, Patten & Patten Inc. TN boosted its stake in shares of Trinity Industries by 5.1% in the second quarter. Patten & Patten Inc. TN now owns 233,651 shares of the company’s stock worth $4,339,000 after buying an additional 11,373 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.
About Trinity Industries