Trinity Industries, Inc. (NYSE:TRN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Trinity Industries, Inc. (NYSE:TRN) have been assigned an average recommendation of “Moderate Buy” from the four analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $31.00.

TRN has been the topic of several analyst reports. Susquehanna increased their price objective on shares of Trinity Industries from $30.00 to $34.00 and gave the company a “positive” rating in a report on Thursday, May 2nd. TD Cowen increased their price target on Trinity Industries from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd.

Trinity Industries Trading Up 0.2 %

TRN stock opened at $30.50 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.88 and a debt-to-equity ratio of 4.55. Trinity Industries has a twelve month low of $20.04 and a twelve month high of $31.00. The company has a market cap of $2.50 billion, a P/E ratio of 20.47 and a beta of 1.39. The business has a fifty day moving average of $26.79 and a 200-day moving average of $25.67.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $809.60 million during the quarter, compared to analysts’ expectations of $750.97 million. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. The company’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. As a group, equities research analysts expect that Trinity Industries will post 1.46 EPS for the current year.

Trinity Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.67%. The ex-dividend date was Friday, April 12th. Trinity Industries’s payout ratio is 75.17%.

Insider Buying and Selling at Trinity Industries

In other news, CFO Eric R. Marchetto sold 9,781 shares of Trinity Industries stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $28.00, for a total transaction of $273,868.00. Following the transaction, the chief financial officer now directly owns 233,704 shares of the company’s stock, valued at $6,543,712. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Eric R. Marchetto sold 9,781 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total value of $273,868.00. Following the completion of the transaction, the chief financial officer now directly owns 233,704 shares in the company, valued at approximately $6,543,712. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric R. Marchetto sold 8,816 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total transaction of $264,480.00. Following the sale, the chief financial officer now directly owns 224,888 shares of the company’s stock, valued at approximately $6,746,640. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Institutional Trading of Trinity Industries

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in Trinity Industries during the 1st quarter worth about $258,000. Texas Permanent School Fund Corp increased its position in shares of Trinity Industries by 0.8% in the first quarter. Texas Permanent School Fund Corp now owns 70,243 shares of the transportation company’s stock valued at $1,956,000 after acquiring an additional 574 shares during the last quarter. Choreo LLC bought a new stake in Trinity Industries during the first quarter worth about $201,000. Capstone Investment Advisors LLC acquired a new position in Trinity Industries during the first quarter valued at approximately $330,000. Finally, BNP Paribas Financial Markets grew its stake in Trinity Industries by 43.0% in the first quarter. BNP Paribas Financial Markets now owns 44,125 shares of the transportation company’s stock valued at $1,229,000 after purchasing an additional 13,267 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

About Trinity Industries

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.