Trinity Industries (NYSE:TRN) Hits New 1-Year High – Here’s Why

Trinity Industries, Inc. (NYSE:TRN) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $39.02 and last traded at $39.01, with a volume of 38570 shares traded. The stock had previously closed at $38.18.

Analyst Ratings Changes

Several research firms recently issued reports on TRN. Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $35.00 in a report on Monday, October 21st. The Goldman Sachs Group began coverage on shares of Trinity Industries in a research note on Monday, November 18th. They set a “neutral” rating and a $39.00 price target on the stock. Finally, StockNews.com lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

Trinity Industries Stock Performance

The stock has a 50-day moving average price of $36.78 and a 200 day moving average price of $34.45. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 18.74 and a beta of 1.40. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $798.80 million for the quarter, compared to the consensus estimate of $696.00 million. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS. On average, analysts forecast that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 3.12%. Trinity Industries’s dividend payout ratio (DPR) is currently 58.54%.

Institutional Investors Weigh In On Trinity Industries

Institutional investors have recently added to or reduced their stakes in the business. Matrix Trust Co acquired a new position in Trinity Industries in the third quarter valued at $25,000. GAMMA Investing LLC boosted its position in shares of Trinity Industries by 85.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 469 shares during the period. Canada Pension Plan Investment Board purchased a new position in Trinity Industries during the 2nd quarter worth approximately $54,000. CWM LLC increased its position in Trinity Industries by 13.3% during the third quarter. CWM LLC now owns 5,197 shares of the transportation company’s stock worth $181,000 after buying an additional 609 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in Trinity Industries in the third quarter valued at approximately $204,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

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.