TD Cowen Raises Trinity Industries (NYSE:TRN) Price Target to $33.00

Trinity Industries (NYSE:TRN) had its target price boosted by TD Cowen from $30.00 to $33.00 in a research note published on Thursday morning, MarketBeat Ratings reports. They currently have a buy rating on the transportation company’s stock.

Separately, Susquehanna dropped their price target on shares of Trinity Industries from $32.00 to $30.00 and set a positive rating on the stock in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $31.00.

Trinity Industries Trading Up 1.3 %

NYSE:TRN opened at $30.44 on Thursday. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.88 and a quick ratio of 0.78. The stock has a market cap of $2.49 billion, a PE ratio of 20.43 and a beta of 1.39. The stock’s 50-day moving average is $26.67 and its two-hundred day moving average is $25.61. Trinity Industries has a fifty-two week low of $20.04 and a fifty-two week high of $30.65.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $809.60 million during the quarter, compared to the consensus estimate of $750.97 million. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. The business’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period last year, the business earned $0.07 EPS. As a group, equities research analysts forecast that Trinity Industries will post 1.46 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend was Friday, April 12th. Trinity Industries’s payout ratio is currently 75.17%.

Insider Activity

In other news, CFO Eric R. Marchetto sold 9,781 shares of Trinity Industries stock in a transaction that occurred on Wednesday, March 27th. The stock was 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trinity Industries

A number of institutional investors have recently bought and sold shares of the business. Choreo LLC bought a new position in shares of Trinity Industries during the 1st quarter worth about $201,000. Capstone Investment Advisors LLC acquired a new position in Trinity Industries in the first quarter worth about $330,000. BNP Paribas Financial Markets lifted its stake in Trinity Industries by 43.0% during the first quarter. BNP Paribas Financial Markets now owns 44,125 shares of the transportation company’s stock worth $1,229,000 after purchasing an additional 13,267 shares during the period. Heritage Investors Management Corp acquired a new stake in Trinity Industries in the 1st quarter valued at $212,000. Finally, Harvey Investment Co. LLC acquired a new stake in Trinity Industries in the 1st quarter valued at $203,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

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.