Trinity Industries Inc (NYSE:TRN) Plans Quarterly Dividend of $0.19

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Trinity Industries Inc (NYSE:TRN) announced a quarterly dividend on Friday, December 6th, RTT News reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.19 per share by the transportation company on Friday, January 31st. This represents a $0.76 annualized dividend and a yield of 3.57%. This is an increase from Trinity Industries’s previous quarterly dividend of $0.17.

Shares of TRN opened at $21.26 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 1.91. The business has a fifty day moving average of $20.47 and a 200 day moving average of $19.40. The company has a market cap of $2.61 billion, a PE ratio of 26.58, a P/E/G ratio of 1.70 and a beta of 2.09. Trinity Industries has a 52-week low of $16.03 and a 52-week high of $26.63.

Trinity Industries (NYSE:TRN) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The business had revenue of $813.60 million for the quarter, compared to the consensus estimate of $809.80 million. Trinity Industries had a net margin of 4.96% and a return on equity of 6.27%. The business’s revenue for the quarter was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. As a group, research analysts anticipate that Trinity Industries will post 1.24 earnings per share for the current fiscal year.

In related news, Director Brandon B. Boze bought 600,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of $19.84 per share, for a total transaction of $11,904,000.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Brandon B. Boze bought 236,800 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was bought at an average price of $21.28 per share, for a total transaction of $5,039,104.00. The disclosure for this purchase can be found here. Insiders purchased a total of 1,386,800 shares of company stock worth $28,356,604 in the last ninety days. 18.50% of the stock is currently owned by insiders.

A number of research firms recently weighed in on TRN. Stephens set a $20.00 price objective on shares of Trinity Industries and gave the stock a “hold” rating in a research report on Friday, October 25th. Susquehanna Bancshares lowered Trinity Industries from a “positive” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $22.00 in a research report on Friday, November 8th. TheStreet raised Trinity Industries from a “c” rating to a “b-” rating in a research note on Monday, November 18th. Buckingham Research set a $18.00 price target on Trinity Industries and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, ValuEngine raised Trinity Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $24.00.

About Trinity Industries

Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.

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Dividend History for Trinity Industries (NYSE:TRN)

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