Trinity Industries (NYSE:TRN) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Trinity Industries (NYSE:TRN) from a hold rating to a buy rating in a report published on Monday morning.

Other equities analysts have also issued research reports about the company. Susquehanna raised their price target on Trinity Industries from $30.00 to $34.00 and gave the stock a positive rating in a report on Thursday, May 2nd. TD Cowen raised their price objective 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.

Trinity Industries Trading Up 0.3 %

TRN traded up $0.10 during trading hours on Monday, reaching $33.57. The company’s stock had a trading volume of 532,498 shares, compared to its average volume of 565,354. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.91 and a quick ratio of 0.91. The business’s 50-day moving average is $30.63 and its 200-day moving average is $28.32. Trinity Industries has a fifty-two week low of $20.04 and a fifty-two week high of $37.04. The stock has a market cap of $2.75 billion, a PE ratio of 22.46 and a beta of 1.41.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.32. The business had revenue of $841.40 million for the quarter, compared to analysts’ expectations of $738.00 million. Trinity Industries had a return on equity of 13.66% and a net margin of 4.98%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the firm earned $0.23 earnings per share. As a group, equities research analysts predict that Trinity Industries will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were given a dividend of $0.28 per share. The ex-dividend date was Monday, July 15th. This represents a $1.12 annualized dividend and a dividend yield of 3.34%. Trinity Industries’s payout ratio is 75.17%.

Institutional Investors Weigh In On Trinity Industries

Large investors have recently made changes to their positions in the company. Arizona State Retirement System boosted its holdings in Trinity Industries by 7.2% during the second quarter. Arizona State Retirement System now owns 22,916 shares of the transportation company’s stock worth $686,000 after buying an additional 1,541 shares in the last quarter. Versor Investments LP raised its holdings in shares of Trinity Industries by 21.7% during the 2nd quarter. Versor Investments LP now owns 30,386 shares of the transportation company’s stock valued at $909,000 after purchasing an additional 5,410 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Trinity Industries by 1.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 36,223 shares of the transportation company’s stock valued at $1,084,000 after purchasing an additional 497 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Trinity Industries during the 2nd quarter valued at $31,000. Finally, Louisiana State Employees Retirement System raised its holdings in Trinity Industries by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 41,200 shares of the transportation company’s stock worth $1,233,000 after acquiring an additional 700 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

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.