Trinity Industries Inc (NYSE:TRN) Director Brandon B. Boze acquired 800 shares of Trinity Industries stock in a transaction on Friday, December 6th. The shares were purchased at an average price of $21.00 per share, for a total transaction of $16,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of TRN stock opened at $21.40 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 1.91. Trinity Industries Inc has a twelve month low of $16.03 and a twelve month high of $26.63. The company has a market cap of $2.63 billion, a P/E ratio of 26.75, a P/E/G ratio of 1.71 and a beta of 2.09. The business has a fifty day simple moving average of $20.72 and a 200 day simple moving average of $19.41.
Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Trinity Industries had a return on equity of 6.27% and a net margin of 4.96%. The business had revenue of $813.60 million for the quarter, compared to analyst estimates of $809.80 million. During the same period last year, the firm posted $0.39 earnings per share. Trinity Industries’s revenue was up 34.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Trinity Industries Inc will post 1.24 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.55%. This is a boost from Trinity Industries’s previous quarterly dividend of $0.17. Trinity Industries’s dividend payout ratio is 85.00%.
Several research firms have commented on TRN. ValuEngine raised shares of Trinity Industries from a “sell” rating to a “hold” rating in a report on Monday, November 25th. Susquehanna Bancshares downgraded shares of Trinity Industries from a “positive” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $22.00 in a report on Friday, November 8th. Buckingham Research set a $18.00 price target on shares of Trinity Industries and gave the stock a “hold” rating in a research report on Friday, October 25th. Cowen decreased their price objective on shares of Trinity Industries from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, TheStreet raised shares of Trinity Industries from a “c” rating to a “b-” rating in a research note on Monday, November 18th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Trinity Industries currently has a consensus rating of “Hold” and an average price target of $24.00.
Institutional investors and hedge funds have recently bought and sold shares of the company. FTB Advisors Inc. bought a new stake in shares of Trinity Industries during the 2nd quarter valued at approximately $42,000. Usca Ria LLC acquired a new stake in Trinity Industries in the third quarter valued at approximately $45,000. Quest Capital Management Inc. ADV acquired a new stake in Trinity Industries in the third quarter valued at approximately $59,000. Penserra Capital Management LLC acquired a new stake in Trinity Industries in the third quarter valued at approximately $59,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Trinity Industries during the second quarter worth $119,000. Institutional investors own 91.28% of the company’s stock.
Trinity Industries Company Profile
Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.
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