Trinity Industries Inc (NYSE:TRN)‘s stock had its “sell” rating reiterated by investment analysts at Axiom Securities in a report released on Thursday.
TRN has been the subject of a number of other reports. TheStreet lowered Trinity Industries from a “b-” rating to a “c+” rating in a research note on Monday, February 27th. Stifel Nicolaus raised their target price on Trinity Industries from $23.00 to $27.00 and gave the company a “hold” rating in a research note on Monday, March 13th. Zacks Investment Research lowered Trinity Industries from a “buy” rating to a “hold” rating in a research note on Thursday, February 23rd. Finally, Citigroup Inc assumed coverage on Trinity Industries in a research note on Tuesday, December 20th. They issued a “neutral” rating and a $29.00 target price for the company. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.33.
Shares of Trinity Industries (NYSE:TRN) opened at 27.38 on Thursday. Trinity Industries has a 12-month low of $16.39 and a 12-month high of $30.13. The firm has a market cap of $4.17 billion, a P/E ratio of 12.17 and a beta of 2.25. The firm’s 50-day moving average price is $27.29 and its 200 day moving average price is $26.07.
Trinity Industries (NYSE:TRN) last announced its earnings results on Thursday, February 16th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.07. Trinity Industries had a return on equity of 11.37% and a net margin of 9.46%. The company earned $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted $1.30 earnings per share. The firm’s quarterly revenue was down 28.7% compared to the same quarter last year. On average, equities analysts expect that Trinity Industries will post $1.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 14th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, April 11th. Trinity Industries’s dividend payout ratio is 14.15%.
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Institutional investors have recently bought and sold shares of the stock. TCI Wealth Advisors Inc. boosted its position in Trinity Industries by 0.5% in the third quarter. TCI Wealth Advisors Inc. now owns 5,505 shares of the company’s stock valued at $133,000 after buying an additional 27 shares in the last quarter. Moors & Cabot Inc. boosted its position in Trinity Industries by 0.9% in the third quarter. Moors & Cabot Inc. now owns 11,028 shares of the company’s stock valued at $263,000 after buying an additional 100 shares in the last quarter. Fulton Bank N.A. boosted its position in Trinity Industries by 2.1% in the third quarter. Fulton Bank N.A. now owns 15,940 shares of the company’s stock valued at $385,000 after buying an additional 321 shares in the last quarter. Trust Investment Advisors boosted its position in Trinity Industries by 1.1% in the third quarter. Trust Investment Advisors now owns 46,420 shares of the company’s stock valued at $1,122,000 after buying an additional 500 shares in the last quarter. Finally, Sandy Spring Bank boosted its position in Trinity Industries by 0.5% in the third quarter. Sandy Spring Bank now owns 103,829 shares of the company’s stock valued at $2,511,000 after buying an additional 559 shares in the last quarter. Institutional investors and hedge funds own 76.63% of the company’s stock.
Trinity Industries Company Profile
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.
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