Today: Today, Trinity Industries Inc. (TRN) Rating Reiterate by Axiom Securities

Today, Trinity Industries Inc. (TRN) Rating Reiterate by Axiom Securities

Trinity Industries Inc. (NYSE:TRN)‘s stock had its “sell” rating reissued by research analysts at Axiom Securities in a report released on Saturday.

Other equities analysts have also recently issued research reports about the company. assumed coverage on Trinity Industries in a report on Friday, September 30th. They issued an “underperform” rating and a $26.00 target price for the company. Zacks Investment Research raised Trinity Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 1st. KeyCorp reaffirmed a “buy” rating and issued a $28.00 target price on shares of Trinity Industries in a report on Monday, October 3rd. Stifel Nicolaus upped their target price on Trinity Industries from $20.00 to $21.00 and gave the stock a “hold” rating in a report on Friday, September 30th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating and issued a $22.00 target price on shares of Trinity Industries in a report on Monday, September 19th. Four equities research 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 currently has a consensus rating of “Hold” and an average price target of $21.11.

Trinity Industries (NYSE:TRN) opened at 27.37 on Friday. The stock’s 50 day moving average price is $23.94 and its 200 day moving average price is $21.91. Trinity Industries has a 12-month low of $14.94 and a 12-month high of $27.98. The company has a market cap of $4.17 billion, a PE ratio of 8.79 and a beta of 2.10.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.55 earnings per share for the quarter, topping the 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 business earned $1.11 billion during the quarter. During the same quarter in the prior year, the company earned $1.31 earnings per share. Trinity Industries’s quarterly revenue was down 27.9% compared to the same quarter last year. Equities research analysts anticipate that Trinity Industries will post $2.19 EPS for the current year.

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

In other Trinity Industries news, major shareholder Valueact Capital Master Fund, bought 461,605 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The stock was acquired at an average price of $21.17 per share, with a total value of $9,772,177.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in TRN. BlueMountain Capital Management LLC boosted its stake in Trinity Industries by 457.2% in the first quarter. BlueMountain Capital Management LLC now owns 26,660 shares of the company’s stock valued at $488,000 after buying an additional 21,875 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Trinity Industries by 30.6% in the second quarter. BNP Paribas Arbitrage SA now owns 228,967 shares of the company’s stock valued at $4,252,000 after buying an additional 53,595 shares in the last quarter. Fulton Bank N.A. boosted its stake in Trinity Industries by 1.4% in the second quarter. Fulton Bank N.A. now owns 15,619 shares of the company’s stock valued at $290,000 after buying an additional 223 shares in the last quarter. Park National Corp OH boosted its stake in Trinity Industries by 0.9% in the second quarter. Park National Corp OH now owns 16,049 shares of the company’s stock valued at $298,000 after buying an additional 150 shares in the last quarter. Finally, Patten & Patten Inc. TN boosted its stake in Trinity Industries by 5.1% in the second quarter. Patten & Patten Inc. TN now owns 233,651 shares of the company’s stock valued at $4,339,000 after buying an additional 11,373 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

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