Trinity Industries, Inc. (TRN) PT Lowered to $41.00 at Stifel Nicolaus

Trinity Industries, Inc. (NYSE:TRN) had its target price cut by Stifel Nicolaus from $42.00 to $41.00 in a research report report published on Friday morning. They currently have a buy rating on the transportation company’s stock.

TRN has been the subject of several other research reports. Axiom Securities reaffirmed a sell rating on shares of Trinity Industries in a report on Wednesday, July 26th. Citigroup Inc. raised Trinity Industries from a neutral rating to a buy rating and cut their price target for the company from $45.00 to $36.00 in a report on Friday, September 29th. Zacks Investment Research cut Trinity Industries from a buy rating to a hold rating in a report on Wednesday, October 18th. BidaskClub cut Trinity Industries from a buy rating to a hold rating in a report on Wednesday, July 12th. Finally, ValuEngine cut Trinity Industries from a buy rating to a hold rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $34.13.

Trinity Industries (TRN) opened at 31.69 on Friday. Trinity Industries has a 52-week low of $20.80 and a 52-week high of $35.97. The company has a market cap of $4.80 billion, a P/E ratio of 19.48 and a beta of 2.19. The stock’s 50 day moving average price is $32.45 and its 200 day moving average price is $28.71.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.32 by $0.11. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The firm had revenue of $973.60 million during the quarter, compared to analysts’ expectations of $951.60 million. During the same quarter last year, the firm earned $0.55 earnings per share. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. Analysts expect that Trinity Industries will post $1.23 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.52 annualized dividend and a yield of 1.64%. Trinity Industries’s dividend payout ratio (DPR) is 34.67%.

In other Trinity Industries news, major shareholder Holdings L.P. Valueact bought 300,000 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was bought at an average price of $31.45 per share, with a total value of $9,435,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Valueact Capital Master Fund, bought 60,819 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were acquired at an average cost of $28.39 per share, with a total value of $1,726,651.41. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 2,842,224 shares of company stock valued at $84,109,911. 2.00% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. First Mercantile Trust Co. increased its stake in Trinity Industries by 10.9% during the second quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock worth $163,000 after acquiring an additional 570 shares during the last quarter. Sippican Capital Advisors acquired a new stake in Trinity Industries during the third quarter worth $211,000. Pacad Investment Ltd. increased its stake in Trinity Industries by 36.5% during the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock worth $199,000 after acquiring an additional 1,900 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in Trinity Industries during the second quarter worth $205,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Trinity Industries during the second quarter worth $208,000. 80.53% of the stock is owned by institutional investors.

About Trinity Industries

Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.

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