News headlines about Trinity Industries (NYSE:TRN) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Trinity Industries earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 46.6518562520997 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Trinity Industries (TRN) Lifted to Hold at Zacks Investment Research (americanbankingnews.com)
- Is technical analysis on Trinity Industries, Inc. (TRN) is useful? – Wall Street Morning (wallstreetmorning.com)
- TRN April 27th Options Begin Trading – Nasdaq (nasdaq.com)
- Trinity Industries Inc (TRN) Major Shareholder Holdings L.P. Valueact Buys 20,539 Shares (americanbankingnews.com)
- Trinity Industries, Inc. Declares Quarterly Dividend (finance.yahoo.com)
TRN has been the subject of several recent analyst reports. Stifel Nicolaus set a $42.00 target price on shares of Trinity Industries and gave the stock a “buy” rating in a research note on Friday, February 23rd. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Tuesday, January 2nd. ValuEngine raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Seaport Global Securities started coverage on shares of Trinity Industries in a research note on Thursday, January 4th. They set a “neutral” rating for the company. Finally, Cowen boosted their price objective on shares of Trinity Industries from $36.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, December 13th. Three analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $35.75.
Trinity Industries (NYSE:TRN) last posted its earnings results on Wednesday, February 21st. The transportation company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business had revenue of $906.00 million for the quarter, compared to analyst estimates of $1.05 billion. Trinity Industries had a net margin of 19.15% and a return on equity of 5.34%. The business’s quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 EPS. sell-side analysts predict that Trinity Industries will post 1.33 earnings per share for the current fiscal year.
Trinity Industries declared that its board has authorized a stock buyback plan on Tuesday, December 12th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the transportation company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.57%. Trinity Industries’s payout ratio is 37.41%.
In related news, SVP William A. Mcwhirter sold 15,606 shares of Trinity Industries stock in a transaction on Monday, March 5th. The shares were sold at an average price of $33.49, for a total transaction of $522,644.94. Following the transaction, the senior vice president now owns 175,733 shares in the company, valued at approximately $5,885,298.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction 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 disclosure for this sale can be found here. Insiders have purchased a total of 976,882 shares of company stock worth $32,124,543 in the last 90 days. Company insiders own 2.00% 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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