Trinity Industries, Inc. (NYSE:TRN - Get Free Report) CFO Eric R. Marchetto sold 9,781 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $28.00, for a total transaction of $273,868.00. Following the transaction, the chief financial officer now owns 233,704 shares in the company, valued at $6,543,712. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Trinity Industries Trading Down 0.7 %
NYSE:TRN opened at $27.85 on Friday. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 22.10 and a beta of 1.37. Trinity Industries, Inc. has a 52 week low of $20.04 and a 52 week high of $28.86. The company has a quick ratio of 0.78, a current ratio of 1.91 and a debt-to-equity ratio of 4.51. The firm has a 50 day moving average of $25.95 and a 200 day moving average of $24.91.
Trinity Industries (NYSE:TRN - Get Free Report) last announced its earnings results on Thursday, February 22nd. The transportation company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.16. The company had revenue of $797.90 million during the quarter, compared to the consensus estimate of $749.25 million. Trinity Industries had a net margin of 3.55% and a return on equity of 9.29%. Trinity Industries's revenue was up 35.0% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. As a group, sell-side analysts anticipate that Trinity Industries, Inc. will post 1.46 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 4.02%. Trinity Industries's dividend payout ratio (DPR) is 88.89%.
Institutional Investors Weigh In On Trinity Industries
Several institutional investors have recently bought and sold shares of the company. Huntington National Bank lifted its stake in shares of Trinity Industries by 61.8% during the third quarter. Huntington National Bank now owns 1,382 shares of the transportation company's stock worth $34,000 after buying an additional 528 shares during the period. Twelve Points Wealth Management LLC lifted its stake in shares of Trinity Industries by 1.7% during the fourth quarter. Twelve Points Wealth Management LLC now owns 32,051 shares of the transportation company's stock worth $852,000 after buying an additional 528 shares during the period. Ensign Peak Advisors Inc lifted its stake in shares of Trinity Industries by 2.4% during the first quarter. Ensign Peak Advisors Inc now owns 30,350 shares of the transportation company's stock worth $739,000 after buying an additional 700 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Trinity Industries by 10.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,008 shares of the transportation company's stock worth $213,000 after buying an additional 764 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of Trinity Industries by 11.1% during the second quarter. Captrust Financial Advisors now owns 8,706 shares of the transportation company's stock worth $211,000 after buying an additional 867 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Susquehanna dropped their price objective on shares of Trinity Industries from $32.00 to $30.00 and set a "positive" rating on the stock in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.00.
View Our Latest Research Report on Trinity Industries
Trinity Industries Company Profile
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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.
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