Brokerages Set Trinity Industries Inc (TRN) PT at $38.10

Shares of Trinity Industries Inc (NYSE:TRN) have been given a consensus rating of “Hold” by the seventeen ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $38.10.

Several equities analysts have recently issued reports on TRN shares. Zacks Investment Research upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Tuesday, January 2nd. Seaport Global Securities started coverage on shares of Trinity Industries in a report on Thursday, January 4th. They set a “neutral” rating on the stock. Wells Fargo upgraded shares of Trinity Industries from a “market perform” rating to an “outperform” rating and set a $53.00 price objective on the stock in a report on Friday, February 16th. ValuEngine upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Stifel Nicolaus restated a “buy” rating and set a $43.00 price objective on shares of Trinity Industries in a report on Friday, December 22nd.

In related news, SVP William A. Mcwhirter sold 15,606 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $33.49, for a total value of $522,644.94. Following the sale, the senior vice president now owns 175,733 shares in the company, valued at $5,885,298.17. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Holdings L.P. Valueact bought 350,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average price of $32.85 per share, for a total transaction of $11,497,500.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 2,624,387 shares of company stock worth $86,077,631. 2.00% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TRN. Creative Planning boosted its position in Trinity Industries by 11.7% in the 4th quarter. Creative Planning now owns 22,260 shares of the transportation company’s stock worth $834,000 after purchasing an additional 2,328 shares in the last quarter. James Investment Research Inc. boosted its position in Trinity Industries by 15.2% in the 4th quarter. James Investment Research Inc. now owns 413,366 shares of the transportation company’s stock worth $15,485,000 after purchasing an additional 54,610 shares in the last quarter. Raymond James & Associates boosted its position in Trinity Industries by 7.3% in the 4th quarter. Raymond James & Associates now owns 372,430 shares of the transportation company’s stock worth $13,951,000 after purchasing an additional 25,308 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Trinity Industries by 42.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 44,900 shares of the transportation company’s stock worth $1,682,000 after purchasing an additional 13,400 shares in the last quarter. Finally, ValueAct Holdings L.P. boosted its position in Trinity Industries by 7.8% in the 4th quarter. ValueAct Holdings L.P. now owns 18,607,352 shares of the transportation company’s stock worth $697,031,000 after purchasing an additional 1,352,237 shares in the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.

Shares of Trinity Industries stock opened at $32.29 on Wednesday. The stock has a market capitalization of $4,833.86, a price-to-earnings ratio of 21.24, a PEG ratio of 2.44 and a beta of 2.00. The company has a quick ratio of 2.43, a current ratio of 3.47 and a debt-to-equity ratio of 0.67. Trinity Industries has a one year low of $25.05 and a one year high of $38.25.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Wednesday, February 21st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Trinity Industries had a net margin of 19.15% and a return on equity of 5.34%. The firm had revenue of $906.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down 17.9% compared to the same quarter last year. sell-side analysts anticipate that Trinity Industries will post 1.32 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.61%. Trinity Industries’s dividend payout ratio is currently 34.21%.

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About Trinity Industries

Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.

Analyst Recommendations for Trinity Industries (NYSE:TRN)

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