Trinity Industries Inc. (TRN) Upgraded to Buy at TheStreet

Trinity Industries Inc. (NYSE:TRN) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a report issued on Wednesday.

A number of other research firms have also recently issued reports on TRN. Zacks Investment Research raised Trinity Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, May 30th. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and lifted their price target for the stock from $23.00 to $24.00 in a report on Monday. Stifel Nicolaus cut Trinity Industries from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th. They noted that the move was a valuation call. Vetr cut Trinity Industries from a “hold” rating to a “strong sell” rating and set a $16.00 price target for the company. in a report on Tuesday, April 12th. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Trinity Industries in a report on Wednesday, June 22nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of €20.00 ($22.22).

A number of institutional investors recently bought and sold shares of the company. Monarch Partners Asset Management LLC acquired a new position in shares of Trinity Industries during the second quarter valued at about $4,834,000. MU Investments Co. Ltd. acquired a new position in shares of Trinity Industries during the second quarter valued at about $112,000. HL Financial Services LLC raised its position in shares of Trinity Industries by 12.4% in the second quarter. HL Financial Services LLC now owns 83,160 shares of the company’s stock valued at $1,544,000 after buying an additional 9,163 shares during the last quarter. Court Place Advisors LLC raised its position in shares of Trinity Industries by 2.2% in the second quarter. Court Place Advisors LLC now owns 91,601 shares of the company’s stock valued at $1,701,000 after buying an additional 2,000 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Trinity Industries during the second quarter valued at about $1,729,000.

Trinity Industries (NYSE:TRN) traded down 0.57% during trading on Wednesday, reaching $20.97. The company’s stock had a trading volume of 1,430,455 shares. Trinity Industries has a 1-year low of $14.94 and a 1-year high of $30.38. The company’s 50 day moving average price is $19.55 and its 200-day moving average price is $18.99. The stock has a market cap of $3.20 billion and a P/E ratio of 5.42.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.14. During the same period in the previous year, the business earned $1.33 earnings per share. The business earned $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Equities analysts forecast that Trinity Industries will post $2.19 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, July 13th. This represents a $0.44 dividend on an annualized basis and a yield of 2.10%.

Trinity Industries, Inc is a diversified industrial company that owns a range of businesses providing products and services to the energy, transportation, chemical 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; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.