TRN has been the topic of several other research reports. Buckingham Research initiated coverage on Trinity Industries in a report on Wednesday, June 21st. They set a buy rating and a $32.00 price objective on the stock. ValuEngine upgraded Trinity Industries from a hold rating to a buy rating in a report on Friday, June 2nd. BidaskClub upgraded Trinity Industries from a hold rating to a buy rating in a report on Saturday, July 1st. Finally, Zacks Investment Research cut Trinity Industries from a hold rating to a strong sell rating in a research note on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $26.78.
Trinity Industries (NYSE:TRN) opened at 28.67 on Thursday. The stock has a 50 day moving average of $27.55 and a 200-day moving average of $27.06. The stock has a market cap of $4.34 billion, a P/E ratio of 17.62 and a beta of 2.18. Trinity Industries has a one year low of $20.80 and a one year high of $30.13.
Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The firm had revenue of $905.50 million for the quarter, compared to the consensus estimate of $947.40 million. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The business’s revenue for the quarter was down 23.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 EPS. Analysts anticipate that Trinity Industries will post $1.25 EPS for the current year.
In other news, major shareholder Holdings L.P. Valueact purchased 100,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was acquired at an average price of $27.38 per share, with a total value of $2,738,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider D Stephen Menzies sold 27,742 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $26.11, for a total value of $724,343.62. Following the sale, the insider now directly owns 236,707 shares of the company’s stock, valued at approximately $6,180,419.77. The disclosure for this sale can be found here. In the last three months, insiders purchased 323,095 shares of company stock valued at $8,905,421. 2.00% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the company. First Mercantile Trust Co. bought a new stake in shares of Trinity Industries during the first quarter worth about $139,000. Invictus RG boosted its stake in shares of Trinity Industries by 466.4% in the first quarter. Invictus RG now owns 6,406 shares of the transportation company’s stock worth $170,000 after buying an additional 5,275 shares during the last quarter. Fisher Asset Management LLC bought a new stake in shares of Trinity Industries during the second quarter worth about $205,000. Advisory Services Network LLC bought a new stake in shares of Trinity Industries during the first quarter worth about $195,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Trinity Industries during the second quarter worth about $208,000. 80.77% of the stock is owned by hedge funds and other institutional investors.
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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