Eric R. Marchetto Sells 8,816 Shares of Trinity Industries, Inc. (NYSE:TRN) Stock

Trinity Industries, Inc. (NYSE:TRN) CFO Eric R. Marchetto sold 8,816 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total transaction of $264,480.00. Following the sale, the chief financial officer now owns 224,888 shares in the company, valued at approximately $6,746,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Trinity Industries Price Performance

NYSE TRN opened at $30.57 on Wednesday. The company has a 50-day moving average price of $26.91 and a two-hundred day moving average price of $25.74. Trinity Industries, Inc. has a 52 week low of $20.04 and a 52 week high of $31.00. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 20.52 and a beta of 1.39. The company has a current ratio of 1.88, a quick ratio of 0.91 and a debt-to-equity ratio of 4.55.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.33 earnings per share (EPS) for the quarter, topping 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 business had revenue of $809.60 million during the quarter, compared to analyst estimates of $750.97 million. During the same period in the prior year, the company posted $0.07 EPS. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. Analysts forecast that Trinity Industries, Inc. will post 1.46 EPS for the current year.

Trinity Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Friday, April 12th. Trinity Industries’s dividend payout ratio (DPR) is 75.17%.

Institutional Investors Weigh In On Trinity Industries

Several institutional investors have recently bought and sold shares of the stock. Huntington National Bank increased its stake in Trinity Industries by 61.8% during the 3rd quarter. Huntington National Bank now owns 1,382 shares of the transportation company’s stock valued at $34,000 after buying an additional 528 shares during the period. Twelve Points Wealth Management LLC increased its stake in shares of Trinity Industries by 1.7% during the fourth quarter. Twelve Points Wealth Management LLC now owns 32,051 shares of the transportation company’s stock valued at $852,000 after acquiring an additional 528 shares during the period. Texas Permanent School Fund Corp raised its holdings in Trinity Industries by 0.8% during the first quarter. Texas Permanent School Fund Corp now owns 70,243 shares of the transportation company’s stock worth $1,956,000 after purchasing an additional 574 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Trinity Industries by 10.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,008 shares of the transportation company’s stock worth $213,000 after purchasing an additional 764 shares during the period. Finally, TFO Wealth Partners LLC boosted its stake in Trinity Industries by 22,360.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 1,118 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

TRN has been the subject of several recent research reports. Susquehanna upped their target price on Trinity Industries from $30.00 to $34.00 and gave the company a “positive” rating in a report on Thursday, May 2nd. TD Cowen upped their price objective on Trinity Industries from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

About Trinity Industries

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.