Trinity Industries Inc. (NYSE:TRN) had its price target hoisted by analysts at Stifel Nicolaus from $20.00 to $21.00 in a research note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock.
Other analysts also recently issued reports about the company. Credit Agricole SA assumed coverage on Trinity Industries in a research report on Friday. They set an “underperform” rating for the company. Cowen and Company upped their target price on Trinity Industries from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, July 25th. Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and upped their target price for the company from $23.00 to $24.00 in a research report on Monday, July 25th. Longbow Research downgraded Trinity Industries from a “buy” rating to a “neutral” rating in a research report on Monday, June 20th. Finally, Zacks Investment Research upgraded Trinity Industries from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday, June 28th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of €19.43 ($21.59).
Trinity Industries (NYSE:TRN) opened at 24.02 on Friday. The company has a 50-day moving average price of $24.07 and a 200 day moving average price of $20.41. The company has a market cap of $3.66 billion, a PE ratio of 6.21 and a beta of 2.24. Trinity Industries has a 12-month low of $14.94 and a 12-month high of $30.38.
Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, July 21st. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.14. The firm earned $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Trinity Industries had a return on equity of 14.62% and a net margin of 10.91%. During the same period in the prior year, the company posted $1.33 EPS. On average, analysts forecast that Trinity Industries will post $2.20 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend 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 currently 11.37%.
Institutional investors have recently bought and sold shares of the company. Synovus Financial Corp boosted its position in Trinity Industries by 0.8% in the second quarter. Synovus Financial Corp now owns 11,685 shares of the company’s stock worth $220,000 after buying an additional 92 shares during the period. Park National Corp OH boosted its position in shares of Trinity Industries by 0.9% in the second quarter. Park National Corp OH now owns 16,049 shares of the company’s stock worth $298,000 after buying an additional 150 shares during the last quarter. Fulton Bank N.A. boosted its position in shares of Trinity Industries by 1.4% in the second quarter. Fulton Bank N.A. now owns 15,619 shares of the company’s stock worth $290,000 after buying an additional 223 shares during the last quarter. Stephens Inc. AR boosted its position in shares of Trinity Industries by 3.5% in the second quarter. Stephens Inc. AR now owns 13,115 shares of the company’s stock worth $244,000 after buying an additional 447 shares during the last quarter. Finally, Breton Hill Capital Ltd. boosted its position in shares of Trinity Industries by 1.1% in the second quarter. Breton Hill Capital Ltd. now owns 50,112 shares of the company’s stock worth $931,000 after buying an additional 526 shares during the last quarter. 75.10% of the stock is owned by institutional investors.
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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