Shares of Trinity Industries Inc (NYSE:TRN) gapped down before the market opened on Thursday . The stock had previously closed at $34.42, but opened at $34.26. Trinity Industries shares last traded at $34.26, with a volume of 2402036 shares changing hands.
Several analysts have recently weighed in on the stock. Stifel Nicolaus set a $42.00 price objective on shares of Trinity Industries and gave the company a “buy” rating in a research report on Friday. Susquehanna Bancshares raised their price objective on shares of Trinity Industries from $40.00 to $52.00 and gave the company a “positive” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Saturday, February 10th. Wells Fargo & Co upgraded shares of Trinity Industries from a “market perform” rating to an “outperform” rating and set a $53.00 price objective on the stock in a research report on Friday, February 16th. Finally, ValuEngine upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $38.90.
The company has a market capitalization of $5,100.00, a PE ratio of 24.15, a P/E/G ratio of 2.63 and a beta of 2.07. The company has a quick ratio of 2.62, a current ratio of 0.55 and a debt-to-equity ratio of 0.75.
Trinity Industries (NYSE:TRN) last issued its earnings results on Wednesday, February 21st. The transportation company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $906.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. Trinity Industries had a net margin of 19.15% and a return on equity of 5.34%. The firm’s revenue was down 17.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. equities research analysts forecast that Trinity Industries Inc will post 1.31 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 12th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Thursday, January 11th. Trinity Industries’s payout ratio is presently 37.41%.
Trinity Industries declared that its Board of Directors has approved a share repurchase 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 reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
In related news, SVP William A. Mcwhirter sold 20,000 shares of Trinity Industries stock in a transaction on 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 owns 191,339 shares in the company, valued at approximately $7,060,409.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB purchased a new position in shares of Trinity Industries in the fourth quarter valued at about $464,000. J. Goldman & Co LP increased its position in shares of Trinity Industries by 32.5% in the fourth quarter. J. Goldman & Co LP now owns 553,849 shares of the transportation company’s stock valued at $20,747,000 after acquiring an additional 135,765 shares during the period. Sterling Capital Management LLC increased its position in shares of Trinity Industries by 15.9% in the fourth quarter. Sterling Capital Management LLC now owns 476,931 shares of the transportation company’s stock valued at $17,866,000 after acquiring an additional 65,439 shares during the period. MetLife Investment Advisors LLC purchased a new position in shares of Trinity Industries in the fourth quarter valued at about $3,597,000. Finally, Verition Fund Management LLC increased its position in shares of Trinity Industries by 527.2% in the fourth quarter. Verition Fund Management LLC now owns 53,041 shares of the transportation company’s stock valued at $1,987,000 after acquiring an additional 65,458 shares during the period. Hedge funds and other institutional investors own 82.66% of the company’s stock.
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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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