News stories about Trinity Industries (NYSE:TRN) have trended somewhat positive on Saturday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Trinity Industries earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the transportation company an impact score of 47.7117399732298 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Insider Buying: Trinity Industries, Inc. (TRN) Major Shareholder Buys 25,950 Shares of Stock (americanbankingnews.com)
- DR Horton, Inc., (NYSE: DHI), Wipro Limited, (NYSE: WIT), Trinity Industries, Inc., (NYSE: TRN), Red Rock Resorts … – Stocks In The News (press release) (tradingnewsnow.com)
- Valueact Capital Master Fund, Acquires 13,687 Shares of Trinity Industries, Inc. (TRN) Stock (americanbankingnews.com)
- Trinity Industries, Inc. (TRN) Raised to “Positive” at Susquehanna Bancshares Inc (americanbankingnews.com)
Shares of Trinity Industries (NYSE TRN) traded up $0.27 on Friday, hitting $32.58. 1,271,100 shares of the company’s stock traded hands, compared to its average volume of 1,283,931. Trinity Industries has a one year low of $25.01 and a one year high of $35.97. The firm has a market capitalization of $4,904.13, a PE ratio of 21.54, a price-to-earnings-growth ratio of 2.17 and a beta of 2.25. 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 issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.11. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The firm had revenue of $973.60 million for the quarter, compared to analyst estimates of $951.60 million. During the same quarter last year, the firm earned $0.55 earnings per share. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. sell-side analysts forecast that Trinity Industries will post 1.49 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 13th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.60%. Trinity Industries’s dividend payout ratio is 34.67%.
Several equities research analysts have recently issued reports on TRN shares. Susquehanna Bancshares Inc raised shares of Trinity Industries from a “neutral” rating to a “positive” rating in a research report on Monday, November 6th. UBS AG upgraded shares of Trinity Industries from a “neutral” rating to a “positive” rating in a research note on Monday, November 6th. Stifel Nicolaus decreased their target price on shares of Trinity Industries from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Cowen and Company reiterated a “buy” rating and set a $39.00 price objective (up from $31.00) on shares of Trinity Industries in a research note on Tuesday, October 17th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $34.13.
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In other news, major shareholder Holdings L.P. Valueact purchased 300,000 shares of Trinity Industries stock in a transaction on Thursday, October 26th. The stock was purchased at an average price of $31.45 per share, with a total value of $9,435,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Valueact Capital Master Fund, acquired 5,100 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average price of $28.41 per share, for a total transaction of $144,891.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,258,333 shares of company stock valued at $67,928,765 over the last three months. Company insiders own 2.00% of the company’s stock.
Trinity Industries Company Profile
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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