Trinity Industries Inc. (NYSE:TRN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Trinity Industries, Inc. is engaged in the manufacture, marketing, and leasing of a wide variety of products consisting of the following business segments or groups: Railcar Group, Inland Barge Group, Parts and Services Group, Highway Construction Product Group, Concrete & Aggregate Group, Industrial Group, and others. Others includes transportation services, the company’s captive insurance company, and other peripheral businesses. “
TRN has been the topic of a number of other reports. Wells Fargo & Co. reissued a “hold” rating and set a $22.00 price target on shares of Trinity Industries in a research report on Monday, September 19th. Cowen and Company lifted their price target on shares of Trinity Industries from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, July 25th. Susquehanna cut shares of Trinity Industries from a “positive” rating to a “neutral” rating and lifted their price target for the stock from $23.00 to $24.00 in a research report on Monday, July 25th. TheStreet raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Finally, Longbow Research cut shares of Trinity Industries from a “buy” rating to a “neutral” rating in a research report on Monday, June 20th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of €19.29 ($21.43).
Trinity Industries (NYSE:TRN) opened at 24.30 on Tuesday. Trinity Industries has a 1-year low of $14.94 and a 1-year high of $30.38. The firm has a market capitalization of $3.70 billion, a P/E ratio of 6.28 and a beta of 2.24. The stock has a 50 day moving average of $24.05 and a 200-day moving average of $20.39.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.14. Trinity Industries had a net margin of 10.91% and a return on equity of 14.62%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the firm earned $1.33 earnings per share. On average, equities research analysts anticipate that Trinity Industries will post $2.20 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, October 12th. This represents a $0.04 annualized dividend and a yield of 0.16%. Trinity Industries’s payout ratio is currently 11.37%.
A number of large investors have recently modified their holdings of TRN. MU Investments Co. Ltd. acquired a new stake in shares of Trinity Industries during the second quarter valued at about $112,000. Pinkerton Retirement Specialists LLC purchased a new position in Trinity Industries during the second quarter valued at $126,000. Advisor Group Inc. purchased a new position in Trinity Industries during the second quarter valued at $133,000. Invictus RG purchased a new position in Trinity Industries during the second quarter valued at $166,000. Finally, LS Investment Advisors LLC raised its position in Trinity Industries by 71.6% in the second quarter. LS Investment Advisors LLC now owns 9,285 shares of the company’s stock valued at $172,000 after buying an additional 3,875 shares in the last quarter. Hedge funds and other institutional investors own 75.10% 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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