Trinity Industries Inc (NYSE:TRN) announced a quarterly dividend on Wednesday, September 4th, RTT News reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.17 per share by the transportation company on Thursday, October 31st. This represents a $0.68 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Friday, October 11th.
Trinity Industries has increased its dividend payment by an average of 7.4% per year over the last three years and has raised its dividend every year for the last 8 years. Trinity Industries has a payout ratio of 42.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Trinity Industries to earn $1.57 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 43.3%.
Shares of Trinity Industries stock opened at $16.09 on Wednesday. Trinity Industries has a one year low of $16.03 and a one year high of $39.35. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.26 and a beta of 1.99. The business has a 50-day simple moving average of $18.22 and a 200 day simple moving average of $20.03. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.91 and a quick ratio of 0.84.
Trinity Industries (NYSE:TRN) last issued its earnings results on Wednesday, July 24th. The transportation company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). Trinity Industries had a net margin of 4.06% and a return on equity of 5.40%. The firm had revenue of $736.00 million during the quarter, compared to the consensus estimate of $796.00 million. During the same period in the previous year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was up 16.1% on a year-over-year basis. On average, sell-side analysts expect that Trinity Industries will post 1.34 EPS for the current year.
In related news, Director Brandon B. Boze acquired 250,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was purchased at an average cost of $18.81 per share, with a total value of $4,702,500.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brandon B. Boze acquired 108,796 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were bought at an average cost of $19.84 per share, with a total value of $2,158,512.64. The disclosure for this purchase can be found here. Insiders own 18.50% of the company’s stock.
TRN has been the subject of a number of research analyst reports. ValuEngine raised Trinity Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Buckingham Research set a $22.00 price objective on Trinity Industries and gave the stock a “hold” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.
About Trinity Industries
Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.
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