Trinity Industries (NYSE:TRN) Hits New 12-Month High – Should You Buy?

Trinity Industries, Inc. (NYSE:TRN) shares hit a new 52-week high on Tuesday . The company traded as high as $37.97 and last traded at $37.9010, with a volume of 252832 shares trading hands. The stock had previously closed at $37.10.

Wall Street Analyst Weigh In

TRN has been the subject of a number of research reports. Weiss Ratings raised shares of Trinity Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Susquehanna lifted their price objective on Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 target price on shares of Trinity Industries in a report on Thursday, April 30th. Finally, Wall Street Zen downgraded Trinity Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $35.50.

Trinity Industries Price Performance

The firm has a market cap of $2.78 billion, a PE ratio of 11.22 and a beta of 1.36. The company has a debt-to-equity ratio of 4.70, a current ratio of 1.87 and a quick ratio of 0.94. The firm has a 50-day simple moving average of $34.72 and a 200 day simple moving average of $32.91.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, April 30th. The transportation company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $492.00 million for the quarter, compared to the consensus estimate of $538.87 million. Trinity Industries had a net margin of 12.37% and a return on equity of 21.86%. The company’s revenue was down 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS. As a group, equities analysts expect that Trinity Industries, Inc. will post 2.3 EPS for the current year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.24 annualized dividend and a yield of 3.5%. Trinity Industries’s payout ratio is presently 39.74%.

Hedge Funds Weigh In On Trinity Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its holdings in shares of Trinity Industries by 24.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,538 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 298 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Trinity Industries by 8.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,567 shares of the transportation company’s stock valued at $179,000 after buying an additional 427 shares in the last quarter. Royal Bank of Canada increased its position in Trinity Industries by 0.6% during the 1st quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company’s stock valued at $2,069,000 after buying an additional 457 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Trinity Industries by 94.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,016 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 494 shares in the last quarter. Finally, Cerity Partners LLC raised its position in shares of Trinity Industries by 3.5% in the 2nd quarter. Cerity Partners LLC now owns 16,343 shares of the transportation company’s stock worth $441,000 after purchasing an additional 549 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Company Profile

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.