Trinity Industries (NYSE:TRN) PT Raised to $34.00

Trinity Industries (NYSE:TRN) had its target price raised by Susquehanna from $30.00 to $34.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has a positive rating on the transportation company’s stock.

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

Trinity Industries Stock Performance

Shares of TRN opened at $30.44 on Thursday. The stock has a 50-day moving average of $26.67 and a 200-day moving average of $25.61. Trinity Industries has a one year low of $20.04 and a one year high of $30.65. 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 company has a market cap of $2.49 billion, a PE ratio of 20.43 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. The firm had revenue of $809.60 million during the quarter, compared to analysts’ expectations of $750.97 million. During the same quarter last year, the firm posted $0.07 earnings per share. The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. On average, equities research analysts predict that Trinity Industries will post 1.46 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

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

Insider Activity at Trinity Industries

In other news, CFO Eric R. Marchetto sold 9,781 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $28.00, for a total value of $273,868.00. Following the completion of the sale, the chief financial officer now owns 233,704 shares in the company, valued at approximately $6,543,712. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trinity Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Choreo LLC purchased a new stake in shares of Trinity Industries during the first quarter valued at approximately $201,000. Capstone Investment Advisors LLC purchased a new stake in shares of Trinity Industries during the 1st quarter valued at $330,000. BNP Paribas Financial Markets raised its stake in shares of Trinity Industries by 43.0% during the 1st 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 purchased a new position in shares of Trinity Industries in the 1st quarter worth about $212,000. Finally, Harvey Investment Co. LLC bought a new position in Trinity Industries during the first quarter valued at about $203,000. Hedge funds and other institutional investors 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.