Trinity Industries Inc (NYSE:TRN) Receives Average Rating of “Hold” from Brokerages

Trinity Industries Inc (NYSE:TRN) has earned a consensus rating of “Hold” from the twelve research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $26.44.

TRN has been the topic of several research reports. Buckingham Research set a $7.00 target price on FreightCar America and gave the stock a “hold” rating in a research report on Friday, March 22nd. Zacks Investment Research raised Investar from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, June 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Spotify in a research note on Friday, April 26th. TheStreet downgraded Trinity Industries from a “b” rating to a “c” rating in a research note on Thursday, April 25th. Finally, Stephens assumed coverage on Carrizo Oil & Gas in a research note on Thursday, March 28th. They issued an “equal weight” rating and a $15.00 price objective on the stock.

Shares of NYSE:TRN traded up $0.34 during trading on Friday, reaching $19.81. 544,490 shares of the company traded hands, compared to its average volume of 1,217,436. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 1.48 and a beta of 1.96. Trinity Industries has a 52-week low of $18.99 and a 52-week high of $39.35. The company has a quick ratio of 0.86, a current ratio of 2.02 and a debt-to-equity ratio of 1.74. The firm’s fifty day simple moving average is $20.02.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $604.80 million during the quarter, compared to analyst estimates of $660.72 million. Trinity Industries had a return on equity of 5.63% and a net margin of 4.66%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. On average, research analysts forecast that Trinity Industries will post 1.33 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Friday, July 12th. Trinity Industries’s payout ratio is 85.00%.

In other Trinity Industries news, insider Brian D. Madison sold 2,157 shares of Trinity Industries stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $20.90, for a total value of $45,081.30. Following the sale, the insider now owns 58,345 shares of the company’s stock, valued at approximately $1,219,410.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 18.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRN. First Hawaiian Bank bought a new position in shares of Trinity Industries during the 1st quarter valued at approximately $62,000. Private Capital Group LLC increased its position in shares of Trinity Industries by 45.3% during the 1st quarter. Private Capital Group LLC now owns 2,975 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 927 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Trinity Industries by 62.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,817 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 1,463 shares during the last quarter. Dupont Capital Management Corp bought a new position in shares of Trinity Industries during the 1st quarter valued at approximately $148,000. Finally, Bessemer Group Inc. increased its position in shares of Trinity Industries by 2,375.9% during the 4th quarter. Bessemer Group Inc. now owns 7,279 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 6,985 shares during the last quarter. 86.93% of the stock is currently owned by hedge funds and other institutional investors.

Trinity Industries Company Profile

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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