Trinity Industries (NYSE:TRN) Reaches New 12-Month High on Analyst Upgrade

Shares of Trinity Industries, Inc. (NYSE:TRN) reached a new 52-week high during trading on Thursday after Susquehanna raised their price target on the stock from $30.00 to $34.00. Susquehanna currently has a positive rating on the stock. Trinity Industries traded as high as $30.46 and last traded at $29.89, with a volume of 96770 shares changing hands. The stock had previously closed at $29.55.

Separately, TD Cowen increased their price objective on shares of Trinity Industries from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Trinity Industries presently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

Insiders Place Their Bets

In other news, CFO Eric R. Marchetto sold 9,781 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $28.00, for a total transaction of $273,868.00. Following the sale, the chief financial officer now owns 233,704 shares of the company’s stock, valued at approximately $6,543,712. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trinity Industries

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in Trinity Industries in the 3rd quarter valued at $1,032,000. Commonwealth Equity Services LLC raised its holdings in shares of Trinity Industries by 5.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 37,945 shares of the transportation company’s stock worth $924,000 after acquiring an additional 2,080 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Trinity Industries by 32.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,734 shares of the transportation company’s stock worth $383,000 after acquiring an additional 3,886 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Trinity Industries by 8.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 569,484 shares of the transportation company’s stock worth $13,867,000 after acquiring an additional 46,396 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of Trinity Industries by 3.2% during the 3rd quarter. Jennison Associates LLC now owns 4,720,106 shares of the transportation company’s stock worth $114,935,000 after acquiring an additional 146,341 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Stock Performance

The company has a current ratio of 1.91, a quick ratio of 0.78 and a debt-to-equity ratio of 4.51. The firm has a fifty day moving average price of $26.46 and a 200 day moving average price of $25.49. The firm has a market cap of $2.45 billion, a PE ratio of 23.45 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Thursday, February 22nd. The transportation company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.66 by $0.16. Trinity Industries had a return on equity of 9.29% and a net margin of 3.55%. The business had revenue of $797.90 million for the quarter, compared to analyst estimates of $749.25 million. During the same quarter in the previous year, the firm earned $0.44 EPS. The company’s quarterly revenue was up 35.0% compared to the same quarter last year. As a group, equities research analysts expect that Trinity Industries, Inc. will post 1.46 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 3.74%. Trinity Industries’s dividend payout ratio (DPR) is currently 88.89%.

Trinity Industries Company Profile

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.