Todays Report: Today, Trinity Industries Inc. (TRN) Earns Sell Rating from Axiom Securities

Today, Trinity Industries Inc. (TRN) Earns Sell Rating from Axiom Securities

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.

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