Trinity Industries (NYSE:TRN) Stock Price Down 3.3%

Trinity Industries, Inc. (NYSE:TRN)’s share price fell 3.3% during trading on Monday . The stock traded as low as $28.50 and last traded at $28.55. 94,187 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 538,036 shares. The stock had previously closed at $29.53.

Analyst Upgrades and Downgrades

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

Trinity Industries Price Performance

The company has a current ratio of 1.88, a quick ratio of 0.91 and a debt-to-equity ratio of 4.55. The business has a 50-day moving average price of $30.14 and a two-hundred day moving average price of $27.55. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 19.23 and a beta of 1.41.

Trinity Industries (NYSE:TRN) last announced 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 business had revenue of $809.60 million for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $0.07 EPS. As a group, research analysts forecast that Trinity Industries, Inc. will post 1.45 EPS for the current year.

Trinity Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.91%. The ex-dividend date is Monday, July 15th. Trinity Industries’s dividend payout ratio is currently 75.17%.

Insider Buying and Selling at Trinity Industries

In other Trinity Industries news, CFO Eric R. Marchetto sold 8,816 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total transaction of $264,480.00. Following the completion of the transaction, the chief financial officer now directly owns 224,888 shares of the company’s stock, valued at approximately $6,746,640. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Trinity Industries

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Trinity Industries by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 9,677,808 shares of the transportation company’s stock worth $257,333,000 after acquiring an additional 83,769 shares during the last quarter. Capital International Investors grew its holdings in shares of Trinity Industries by 0.4% during the first quarter. Capital International Investors now owns 8,677,153 shares of the transportation company’s stock valued at $241,659,000 after buying an additional 31,313 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Trinity Industries by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,058,174 shares of the transportation company’s stock valued at $161,088,000 after buying an additional 47,668 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Trinity Industries by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,263,458 shares of the transportation company’s stock valued at $33,595,000 after buying an additional 82,256 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Trinity Industries by 1.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,238,703 shares of the transportation company’s stock valued at $32,937,000 after buying an additional 21,540 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

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.