Trinity Industries (NYSE:TRN) Price Target Raised to $33.00

Trinity Industries (NYSE:TRN) had its price target hoisted by TD Cowen from $30.00 to $33.00 in a report published on Thursday morning, MarketBeat.com reports. They currently have a buy rating on the transportation company’s stock.

Separately, Susquehanna lowered their price objective on Trinity Industries from $32.00 to $30.00 and set a positive rating for the company in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $31.00.

Trinity Industries Trading Up 1.3 %

Trinity Industries stock opened at $30.44 on Thursday. The stock has a market cap of $2.49 billion, a PE ratio of 20.43 and a beta of 1.39. The company has a current ratio of 1.88, a quick ratio of 0.78 and a debt-to-equity ratio of 4.55. The stock has a 50-day moving average price of $26.67 and a 200 day moving average price of $25.61. Trinity Industries has a 52 week low of $20.04 and a 52 week high of $30.65.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Trinity Industries had a net margin of 3.98% and a return on equity of 10.93%. The business had revenue of $809.60 million during the quarter, compared to analyst estimates of $750.97 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. The company’s revenue was up 26.2% on a year-over-year basis. Equities research analysts predict that Trinity Industries will post 1.46 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.68%. Trinity Industries’s dividend payout ratio (DPR) is presently 75.17%.

Insider Transactions at Trinity Industries

In related news, CFO Eric R. Marchetto sold 9,781 shares of Trinity Industries stock in a transaction 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 transaction, the chief financial officer now owns 233,704 shares in the company, valued at $6,543,712. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its position in shares of Trinity Industries by 72.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 707,633 shares of the transportation company’s stock worth $18,816,000 after acquiring an additional 297,153 shares in the last quarter. Norges Bank purchased a new position in Trinity Industries in the fourth quarter valued at about $6,743,000. Jennison Associates LLC lifted its stake in shares of Trinity Industries by 3.2% during the third quarter. Jennison Associates LLC now owns 4,720,106 shares of the transportation company’s stock worth $114,935,000 after purchasing an additional 146,341 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Trinity Industries by 44.7% in the third quarter. First Eagle Investment Management LLC now owns 428,106 shares of the transportation company’s stock worth $10,424,000 after buying an additional 132,255 shares during the period. Finally, Gamco Investors INC. ET AL grew its stake in shares of Trinity Industries by 9.1% in the third quarter. Gamco Investors INC. ET AL now owns 1,217,163 shares of the transportation company’s stock valued at $29,638,000 after buying an additional 102,000 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Trinity Industries Company Profile

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.