News stories about Trinity Industries (NYSE:TRN) have been trending somewhat positive on Thursday, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Trinity Industries earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 46.6518562520997 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Head to Head Comparison: Westinghouse Air Brake Technologies (WAB) vs. Trinity Industries (TRN) (americanbankingnews.com)
- Active-Investors: Free Post Earnings Research Report: Trinity Reported Better Than Expected Earnings (finanznachrichten.de)
- Trinity Industries (TRN) Stock Rating Upgraded by UBS (americanbankingnews.com)
- Trinity Industries, Inc. (NYSE:TRN) – Hot Stock under Review (nasdaqjournal.com)
Several equities analysts have recently weighed in on TRN shares. Stifel Nicolaus set a $40.00 target price on Trinity Industries and gave the company a “buy” rating in a research report on Friday, February 9th. Vertical Group started coverage on Trinity Industries in a research report on Tuesday, March 6th. They set a “sell” rating and a $20.00 target price on the stock. Vertical Research started coverage on Trinity Industries in a research report on Tuesday, March 6th. They set a “sell” rating and a $20.00 target price on the stock. Wells Fargo raised Trinity Industries from a “market perform” rating to an “outperform” rating and set a $53.00 target price on the stock in a research report on Friday, February 16th. Finally, Zacks Investment Research raised Trinity Industries from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Saturday, February 10th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the 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 quarterly earnings data on Wednesday, February 21st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. Trinity Industries had a return on equity of 5.34% and a net margin of 19.15%. The company had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business earned $0.44 EPS. Trinity Industries’s revenue was down 17.9% compared to the same quarter last year. equities analysts anticipate that Trinity Industries will post 1.32 EPS for the current fiscal year.
Trinity Industries declared that its board has initiated a share buyback plan on Tuesday, December 12th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed 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. This represents a $0.52 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Thursday, April 12th. Trinity Industries’s payout ratio is currently 34.21%.
In other Trinity Industries news, SVP William A. Mcwhirter sold 15,606 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $33.49, for a total value of $522,644.94. Following the completion of the sale, the senior vice president now directly owns 175,733 shares in the company, valued at approximately $5,885,298.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Valueact Capital Master Fund, bought 447,505 shares of the stock in a transaction on Thursday, March 22nd. The stock was purchased at an average price of $32.63 per share, with a total value of $14,602,088.15. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 2,624,387 shares of company stock valued at $86,077,631. 2.00% of the stock is owned by company insiders.
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About Trinity Industries
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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