Trinity Industries (NYSE:TRN) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.
Several other research analysts have also weighed in on TRN. Stifel Nicolaus reissued a “buy” rating and set a $43.00 price objective on shares of Trinity Industries in a report on Friday, December 22nd. Cowen raised their price objective on shares of Trinity Industries from $36.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, December 13th. Stephens reissued an “equal weight” rating and set a $35.00 price objective (up from $29.00) on shares of Trinity Industries in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Susquehanna Bancshares raised shares of Trinity Industries from a “neutral” rating to a “positive” rating in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Trinity Industries has an average rating of “Buy” and an average price target of $35.25.
Trinity Industries (NYSE TRN) traded down $0.42 on Friday, reaching $37.46. 1,112,600 shares of the company were exchanged, compared to its average volume of 1,620,596. The firm has a market cap of $5,685.83, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 2.52 and a beta of 2.26. Trinity Industries has a 1-year low of $25.01 and a 1-year high of $38.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.62 and a current ratio of 3.70.
Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.11. The business had revenue of $973.60 million during the quarter, compared to analyst estimates of $951.60 million. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The business’s revenue was down 12.4% on a year-over-year basis. During the same period last year, the business earned $0.55 EPS. analysts forecast that Trinity Industries will post 1.49 earnings per share for the current year.
Trinity Industries declared that its board has initiated a share buyback program on Tuesday, December 12th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
In other news, SVP William A. Mcwhirter sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $36.90, for a total value of $738,000.00. Following the transaction, the senior vice president now directly owns 191,339 shares in the company, valued at approximately $7,060,409.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Valueact Capital Master Fund, purchased 832,600 shares of Trinity Industries stock in a transaction dated Monday, October 30th. The stock was acquired at an average price of $31.68 per share, for a total transaction of $26,376,768.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,722,237 shares of company stock worth $55,164,869. Insiders own 2.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Stephens Inc. AR lifted its position in shares of Trinity Industries by 3.0% in the 2nd quarter. Stephens Inc. AR now owns 9,683 shares of the transportation company’s stock worth $271,000 after buying an additional 279 shares during the last quarter. Utah Retirement Systems lifted its position in shares of Trinity Industries by 1.5% in the 2nd quarter. Utah Retirement Systems now owns 27,528 shares of the transportation company’s stock worth $771,000 after buying an additional 400 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Trinity Industries by 0.7% in the 2nd quarter. Prudential Financial Inc. now owns 94,478 shares of the transportation company’s stock worth $2,648,000 after buying an additional 660 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Trinity Industries by 1.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 62,738 shares of the transportation company’s stock worth $1,758,000 after buying an additional 675 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Trinity Industries by 7.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 10,037 shares of the transportation company’s stock worth $281,000 after buying an additional 704 shares during the last quarter. Institutional investors own 82.16% of the company’s stock.
About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation 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; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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