Trinity Industries Inc. (TRN) Stock Price Up 2.1%
Shares of Trinity Industries Inc. (NYSE:TRN) rose 2.1% during trading on Thursday . The company traded as high as $19.34 and last traded at $19.10, with a volume of 735,213 shares changing hands. The stock had previously closed at $18.71.
TRN has been the topic of a number of research analyst reports. Longbow Research cut shares of Trinity Industries from a “buy” rating to a “neutral” rating in a research report on Monday, June 20th. Vetr raised shares of Trinity Industries from a “sell” rating to a “hold” rating and set a $17.84 price target on the stock in a research report on Monday, March 14th. Cowen and Company reaffirmed an “outperform” rating and set a $22.00 price target (up previously from $21.00) on shares of Trinity Industries in a research report on Monday, April 25th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Trinity Industries in a research report on Wednesday, June 22nd. Finally, Zacks Investment Research raised shares of Trinity Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, May 30th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three 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 €19.14 ($21.27).
The firm’s 50-day moving average is $18.24 and its 200 day moving average is $19.25. The firm has a market cap of $2.89 billion and a price-to-earnings ratio of 4.17.
Trinity Industries (NYSE:TRN) last issued its earnings results on Thursday, April 21st. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.06. During the same quarter in the previous year, the firm posted $1.13 EPS. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.34 billion. The firm’s revenue for the quarter was down 27.0% compared to the same quarter last year. Equities analysts expect that Trinity Industries Inc. will post $2.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Wednesday, July 13th.
Several institutional investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP purchased a new position in Trinity Industries during the fourth quarter worth about $1,081,000. GSA Capital Partners LLP purchased a new position in Trinity Industries during the fourth quarter worth about $1,105,000. Oppenheimer & Co. Inc. boosted its position in Trinity Industries by 112.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 55,724 shares of the company’s stock worth $1,339,000 after buying an additional 29,486 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its position in Trinity Industries by 51.2% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 99,550 shares of the company’s stock worth $2,392,000 after buying an additional 33,715 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Trinity Industries by 106.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 103,321 shares of the company’s stock worth $2,482,000 after buying an additional 53,340 shares during the last quarter.
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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