Credit Agricole SA assumed coverage on shares of Trinity Industries Inc. (NYSE:TRN) in a report released on Friday morning. The brokerage issued an underperform rating and a $26.00 price objective on the stock.
TRN has been the topic of several other reports. Wells Fargo & Co. reiterated a hold rating and issued a $22.00 price target on shares of Trinity Industries in a research report on Monday, September 19th. Zacks Investment Research lowered shares of Trinity Industries from a hold rating to a sell rating in a research report on Tuesday, September 27th. TheStreet upgraded shares of Trinity Industries from a hold rating to a buy rating in a research report on Wednesday, July 27th. Longbow Research lowered shares of Trinity Industries from a buy rating to a neutral rating in a research report on Monday, June 20th. Finally, Susquehanna lowered shares of Trinity Industries from a positive rating to a neutral rating and raised their target price for the stock from $23.00 to $24.00 in a research report on Monday, July 25th. Five analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of €21.11 ($23.46).
Shares of Trinity Industries (NYSE:TRN) opened at 23.97 on Friday. The stock’s 50 day moving average price is $24.14 and its 200-day moving average price is $20.56. Trinity Industries has a 52-week low of $14.94 and a 52-week high of $30.38. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 6.19 and a beta of 2.16.
Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.48 by $0.14. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. Trinity Industries had a net margin of 10.91% and a return on equity of 14.62%. During the same period in the prior year, the business earned $1.33 earnings per share. On average, analysts predict that Trinity Industries will post $2.20 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, October 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.17%. Trinity Industries’s dividend payout ratio (DPR) is presently 11.37%.
Institutional investors have recently made changes to their positions in the stock. MU Investments Co. Ltd. acquired a new position in shares of Trinity Industries during the second quarter worth approximately $112,000. Pinkerton Retirement Specialists LLC acquired a new position in shares of Trinity Industries during the second quarter worth approximately $126,000. Advisor Group Inc. acquired a new position in shares of Trinity Industries during the second quarter worth approximately $133,000. Invictus RG acquired a new position in shares of Trinity Industries during the second quarter worth approximately $166,000. Finally, LS Investment Advisors LLC increased its position in shares of Trinity Industries by 71.6% in the second quarter. LS Investment Advisors LLC now owns 9,285 shares of the company’s stock worth $172,000 after buying an additional 3,875 shares in the last quarter. Institutional investors own 72.15% of the company’s stock.
About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns a range of businesses providing products and services to the energy, transportation, chemical 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; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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