Trinity Industries’ (TRN) Hold Rating Reaffirmed at Wells Fargo & Co.
Wells Fargo & Co. reissued their hold rating on shares of Trinity Industries Inc. (NYSE:TRN) in a research note published on Monday morning. Wells Fargo & Co. currently has a $22.00 price objective on the stock.
Other analysts also recently issued research reports about the company. Zacks Investment Research raised Trinity Industries from a hold rating to a buy rating and set a $19.00 target price on the stock in a research report on Tuesday, June 28th. TheStreet raised Trinity Industries from a hold rating to a buy rating in a research report on Wednesday, July 27th. Longbow Research downgraded Trinity Industries from a buy rating to a neutral rating in a research report on Monday, June 20th. Susquehanna downgraded Trinity Industries from a positive rating to a neutral rating and boosted their target price for the company from $23.00 to $24.00 in a research report on Monday, July 25th. Finally, Cowen and Company boosted 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. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of €19.29 ($21.43).
Trinity Industries (NYSE:TRN) opened at 23.69 on Monday. The firm’s 50-day moving average price is $23.88 and its 200 day moving average price is $20.11. Trinity Industries has a 12 month low of $14.94 and a 12 month high of $30.38. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 6.12 and a beta of 2.24.
Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.14. Trinity Industries had a return on equity of 14.62% and a net margin of 10.91%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $1.33 EPS. On average, analysts anticipate that Trinity Industries will post $2.20 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.17%. The ex-dividend date is Wednesday, October 12th. Trinity Industries’s dividend payout ratio (DPR) is presently 11.37%.
A number of institutional investors have recently made changes to their positions in the stock. MU Investments Co. Ltd. purchased a new stake in shares of Trinity Industries during the second quarter valued at $112,000. Pinkerton Retirement Specialists LLC purchased a new stake in shares of Trinity Industries during the second quarter valued at $126,000. Advisor Group Inc. purchased a new stake in shares of Trinity Industries during the second quarter valued at $133,000. Invictus RG purchased a new stake in shares of Trinity Industries during the second quarter valued at $166,000. Finally, LS Investment Advisors LLC boosted its stake 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 valued at $172,000 after buying an additional 3,875 shares in the last quarter. 75.87% of the stock is currently owned by institutional investors.
Trinity Industries Company Profile
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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