Trinity Industries (NYSE:TRN) Reaches New 12-Month High at $32.23

Trinity Industries, Inc. (NYSE:TRN)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $32.23 and last traded at $31.90, with a volume of 159089 shares. The stock had previously closed at $31.59.

Wall Street Analyst Weigh In

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

Trinity Industries Stock Performance

The company has a quick ratio of 0.91, a current ratio of 1.88 and a debt-to-equity ratio of 4.55. The firm has a market capitalization of $2.72 billion, a P/E ratio of 22.34 and a beta of 1.41. The company’s 50 day moving average is $30.20 and its 200-day moving average is $27.88.

Trinity Industries (NYSE:TRN) last posted 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. 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 for the quarter, compared to the consensus estimate of $750.97 million. During the same period in the prior year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 26.2% on a year-over-year basis. As a group, equities analysts anticipate that Trinity Industries, Inc. will post 1.45 EPS for the current year.

Trinity Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $1.12 dividend on an annualized basis and a yield of 3.37%. Trinity Industries’s dividend payout ratio (DPR) is presently 75.17%.

Insiders Place Their Bets

In other news, 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 transaction of $264,480.00. Following the completion of the transaction, the chief financial officer now directly owns 224,888 shares in the company, valued at $6,746,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Trinity Industries

Several institutional investors and hedge funds have recently modified their holdings of TRN. TFO Wealth Partners LLC boosted its stake in Trinity Industries by 22,360.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 1,118 shares during the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Trinity Industries during the 4th quarter valued at $32,000. Northwest Bank & Trust Co bought a new position in Trinity Industries in the 4th quarter worth about $66,000. Criterion Capital Advisors LLC purchased a new position in Trinity Industries during the 4th quarter valued at about $76,000. Finally, Tradewinds Capital Management LLC bought a new stake in shares of Trinity Industries during the first quarter valued at about $111,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

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.