Trinity Industries, Inc. (NYSE:TRN) Receives Average Recommendation of “Hold” from Analysts

Trinity Industries, Inc. (NYSE:TRNGet Rating) has been assigned a consensus rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $30.25.

TRN has been the topic of a number of recent analyst reports. Susquehanna Bancshares cut shares of Trinity Industries to a “neutral” rating and set a $30.00 price target on the stock. in a report on Monday, November 7th. Wells Fargo & Company raised their price target on shares of Trinity Industries from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, December 1st. TheStreet upgraded shares of Trinity Industries from a “c+” rating to a “b” rating in a report on Friday, November 18th. Susquehanna cut shares of Trinity Industries from a “positive” rating to a “neutral” rating and set a $30.00 price target on the stock. in a report on Monday, November 7th. Finally, StockNews.com assumed coverage on shares of Trinity Industries in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

Institutional Trading of Trinity Industries

Institutional investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund raised its position in Trinity Industries by 1.6% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 27,000 shares of the transportation company’s stock worth $576,000 after buying an additional 426 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Trinity Industries by 75.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,160 shares of the transportation company’s stock worth $34,000 after buying an additional 497 shares during the last quarter. New York State Common Retirement Fund raised its position in Trinity Industries by 0.9% during the 3rd quarter. New York State Common Retirement Fund now owns 60,576 shares of the transportation company’s stock worth $1,293,000 after buying an additional 558 shares during the last quarter. Creative Planning raised its position in Trinity Industries by 5.4% during the 3rd quarter. Creative Planning now owns 12,412 shares of the transportation company’s stock worth $265,000 after buying an additional 633 shares during the last quarter. Finally, Rocky Mountain Advisers LLC raised its position in Trinity Industries by 56.0% during the 2nd quarter. Rocky Mountain Advisers LLC now owns 1,950 shares of the transportation company’s stock worth $47,000 after buying an additional 700 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Trading Down 1.7 %

NYSE TRN opened at $27.23 on Friday. Trinity Industries has a one year low of $20.94 and a one year high of $35.35. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 15.92 and a beta of 1.38. The company has a debt-to-equity ratio of 4.36, a quick ratio of 0.61 and a current ratio of 1.80. The company’s 50-day simple moving average is $29.51 and its two-hundred day simple moving average is $26.38.

Trinity Industries (NYSE:TRNGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The transportation company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Trinity Industries had a net margin of 8.76% and a return on equity of 3.96%. The business had revenue of $496.60 million for the quarter, compared to analysts’ expectations of $708.00 million. Equities analysts forecast that Trinity Industries will post 0.99 EPS for the current fiscal year.

Trinity Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, January 12th. This is a boost from Trinity Industries’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 3.82%. Trinity Industries’s dividend payout ratio (DPR) is 60.82%.

Trinity Industries announced that its board has approved a share repurchase program on Thursday, December 8th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the transportation company to repurchase up to 10.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Trinity Industries Company Profile

(Get Rating)

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.

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