Brokerages Set Trinity Industries, Inc. (NYSE:TRN) PT at $30.00

Trinity Industries, Inc. (NYSE:TRN) has earned an average recommendation of “Moderate Buy” from the four analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $31.00.

A number of equities research analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of Trinity Industries from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Susquehanna raised their price target on Trinity Industries from $30.00 to $34.00 and gave the stock a “positive” rating in a research report on Thursday, May 2nd.

Insider Transactions at Trinity Industries

In related news, CFO Eric R. Marchetto sold 8,816 shares of Trinity Industries stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total value of $264,480.00. Following the sale, the chief financial officer now owns 224,888 shares of the company’s stock, valued at approximately $6,746,640. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Eric R. Marchetto sold 9,781 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total value of $273,868.00. Following the completion of the transaction, the chief financial officer now owns 233,704 shares in the company, valued at approximately $6,543,712. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric R. Marchetto sold 8,816 shares of Trinity Industries stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $30.00, for a total value of $264,480.00. Following the completion of the sale, the chief financial officer now directly owns 224,888 shares in the company, valued at approximately $6,746,640. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TRN. State Board of Administration of Florida Retirement System boosted its holdings in shares of Trinity Industries by 30.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 30,241 shares of the transportation company’s stock valued at $842,000 after buying an additional 7,050 shares during the last quarter. Everence Capital Management Inc. lifted its stake in Trinity Industries by 51.2% in the first quarter. Everence Capital Management Inc. now owns 13,430 shares of the transportation company’s stock valued at $374,000 after acquiring an additional 4,550 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Trinity Industries by 1.3% in the 1st quarter. ProShare Advisors LLC now owns 312,991 shares of the transportation company’s stock valued at $8,717,000 after acquiring an additional 4,080 shares during the period. US Bancorp DE grew its position in shares of Trinity Industries by 6.8% in the 1st quarter. US Bancorp DE now owns 20,933 shares of the transportation company’s stock valued at $583,000 after acquiring an additional 1,330 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Trinity Industries during the 1st quarter worth about $258,000. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Stock Performance

Shares of NYSE:TRN opened at $30.67 on Thursday. The business has a fifty day moving average of $27.04 and a 200-day moving average of $25.77. The company has a debt-to-equity ratio of 4.55, a quick ratio of 0.91 and a current ratio of 1.88. Trinity Industries has a twelve month low of $20.04 and a twelve month high of $31.00. The firm has a market cap of $2.51 billion, a PE ratio of 20.58 and a beta of 1.39.

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

Trinity Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Friday, April 12th. Trinity Industries’s dividend payout ratio is 75.17%.

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.