Trinity Industries Inc (TRN) Receives Average Rating of “Hold” from Analysts

Shares of Trinity Industries Inc (NYSE:TRN) have been given a consensus rating of “Hold” by the twelve research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $27.75.

Several equities research analysts have issued reports on the company. Mizuho restated a “buy” rating and set a $32.00 target price on shares of Trinity Industries in a research report on Tuesday, February 26th. Cowen reissued a “buy” rating and issued a $30.00 target price on shares of Trinity Industries in a research note on Wednesday, February 20th. Zacks Investment Research raised Trinity Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, January 28th. Stephens set a $24.00 target price on Trinity Industries and gave the stock a “hold” rating in a research note on Thursday, March 28th. Finally, Buckingham Research cut Trinity Industries from a “buy” rating to a “neutral” rating and cut their target price for the stock from $32.00 to $26.00 in a research note on Friday, March 22nd.

NYSE:TRN traded up $0.13 on Friday, reaching $23.67. The stock had a trading volume of 1,052,143 shares, compared to its average volume of 1,392,667. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 1.80 and a beta of 2.11. The company has a current ratio of 1.76, a quick ratio of 0.85 and a debt-to-equity ratio of 1.57. Trinity Industries has a 12-month low of $18.99 and a 12-month high of $39.35.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, February 20th. The transportation company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Trinity Industries had a net margin of 4.63% and a return on equity of 5.26%. The business had revenue of $735.00 million for the quarter, compared to analyst estimates of $670.90 million. During the same period in the prior year, the firm posted $0.43 EPS. The company’s revenue was up 19.4% on a year-over-year basis. On average, equities research analysts forecast that Trinity Industries will post 1.32 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a $0.17 dividend. The ex-dividend date is Friday, April 12th. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.13. This represents a $0.68 annualized dividend and a yield of 2.87%. Trinity Industries’s dividend payout ratio (DPR) is 85.00%.

A number of institutional investors and hedge funds have recently modified their holdings of TRN. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Trinity Industries by 3.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 12,744 shares of the transportation company’s stock valued at $262,000 after buying an additional 427 shares in the last quarter. Ffcm LLC raised its holdings in shares of Trinity Industries by 0.8% in the fourth quarter. Ffcm LLC now owns 53,058 shares of the transportation company’s stock worth $1,092,000 after buying an additional 443 shares during the last quarter. OLD National Bancorp IN increased its stake in shares of Trinity Industries by 4.4% in the fourth quarter. OLD National Bancorp IN now owns 11,299 shares of the transportation company’s stock worth $233,000 after acquiring an additional 474 shares during the period. Ramsey Quantitative Systems increased its stake in shares of Trinity Industries by 6.7% in the fourth quarter. Ramsey Quantitative Systems now owns 10,214 shares of the transportation company’s stock worth $210,000 after acquiring an additional 645 shares during the period. Finally, Strs Ohio increased its stake in shares of Trinity Industries by 5.1% in the fourth quarter. Strs Ohio now owns 13,400 shares of the transportation company’s stock worth $275,000 after acquiring an additional 648 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

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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Analyst Recommendations for Trinity Industries (NYSE:TRN)

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