Trinity Industries, Inc. (NYSE:TRN) – Investment analysts at KeyCorp increased their FY2017 earnings per share (EPS) estimates for shares of Trinity Industries in a note issued to investors on Thursday. KeyCorp analyst S. Barger now expects that the transportation company will earn $1.50 per share for the year, up from their prior forecast of $1.32. KeyCorp has a “Buy” rating and a $41.00 price target on the stock. KeyCorp also issued estimates for Trinity Industries’ Q4 2017 earnings at $0.44 EPS, Q1 2018 earnings at $0.34 EPS, Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.40 EPS and Q4 2018 earnings at $0.38 EPS.
Trinity Industries (NYSE:TRN) last posted its earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The company had revenue of $973.60 million during the quarter, compared to analysts’ expectations of $951.60 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. Trinity Industries’s quarterly revenue was down 12.4% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: “KeyCorp Research Analysts Lift Earnings Estimates for Trinity Industries, Inc. (TRN)” was published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.com-unik.info/2017/11/01/keycorp-research-analysts-lift-earnings-estimates-for-trinity-industries-inc-trn.html.
Several other brokerages also recently commented on TRN. Cowen and Company increased their price objective on shares of Trinity Industries from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. ValuEngine raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Saturday, September 23rd. Axiom Securities reissued a “sell” rating on shares of Trinity Industries in a research note on Thursday, July 13th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $42.00 price objective (up previously from $31.00) on shares of Trinity Industries in a research note on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Trinity Industries presently has a consensus rating of “Buy” and a consensus price target of $34.13.
Trinity Industries (NYSE TRN) opened at 32.52 on Monday. Trinity Industries has a 1-year low of $20.80 and a 1-year high of $35.97. The stock has a 50 day moving average of $32.54 and a 200-day moving average of $28.74. The company has a market cap of $4.92 billion, a PE ratio of 19.99 and a beta of 2.19.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 13th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Thursday, October 12th. Trinity Industries’s dividend payout ratio is presently 34.67%.
In other news, major shareholder Valueact Capital Master Fund, bought 202,500 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $28.47 per share, with a total value of $5,765,175.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Holdings L.P. Valueact bought 167,395 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average cost of $27.51 per share, with a total value of $4,605,036.45. The disclosure for this purchase can be found here. Insiders have purchased 2,742,224 shares of company stock valued at $81,371,911 in the last three months. 2.00% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Trinity Industries by 0.6% in the second quarter. Vanguard Group Inc. now owns 12,345,367 shares of the transportation company’s stock worth $346,040,000 after purchasing an additional 78,124 shares during the period. State Street Corp grew its holdings in Trinity Industries by 1.8% in the first quarter. State Street Corp now owns 4,070,436 shares of the transportation company’s stock worth $108,071,000 after purchasing an additional 71,993 shares during the period. Janus Henderson Group PLC acquired a new stake in Trinity Industries in the second quarter worth $108,733,000. Ardevora Asset Management LLP grew its holdings in Trinity Industries by 24.5% in the second quarter. Ardevora Asset Management LLP now owns 1,303,800 shares of the transportation company’s stock worth $36,546,000 after purchasing an additional 256,500 shares during the period. Finally, First Trust Advisors LP grew its holdings in Trinity Industries by 3.5% in the second quarter. First Trust Advisors LP now owns 1,116,527 shares of the transportation company’s stock worth $31,296,000 after purchasing an additional 38,006 shares during the period. 80.53% of the stock is owned by institutional investors and hedge funds.
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.
What are top analysts saying about Trinity Industries Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Trinity Industries Inc. and related companies.