Trinity Industries, Inc. (NYSE:TRN - Get Free Report) CFO Eric R. Marchetto sold 8,816 shares of the business's stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total transaction of $264,480.00. Following the completion of the transaction, the chief financial officer now owns 224,888 shares in the company, valued at approximately $6,746,640. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Trinity Industries Price Performance
Shares of NYSE:TRN opened at $30.50 on Tuesday. The company has a market cap of $2.50 billion, a PE ratio of 20.47 and a beta of 1.39. Trinity Industries, Inc. has a fifty-two week low of $20.04 and a fifty-two week high of $31.00. The firm has a 50-day simple moving average of $26.79 and a 200 day simple moving average of $25.67. The company has a quick ratio of 0.91, a current ratio of 1.88 and a debt-to-equity ratio of 4.55.
Trinity Industries (NYSE:TRN - Get Free Report) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. The company had revenue of $809.60 million during the quarter, compared to the consensus estimate of $750.97 million. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. Trinity Industries's quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. On average, sell-side analysts anticipate that Trinity Industries, Inc. will post 1.46 EPS for the current year.
Trinity Industries Announces Dividend
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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a yield of 3.67%. Trinity Industries's payout ratio is currently 75.17%.
Institutional Investors Weigh In On Trinity Industries
Hedge funds have recently added to or reduced their stakes in the stock. TFO Wealth Partners LLC increased its holdings in shares of Trinity Industries by 22,360.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company's stock worth $30,000 after acquiring an additional 1,118 shares during the period. Ramirez Asset Management Inc. bought a new position in Trinity Industries in the 3rd quarter worth about $32,000. ICA Group Wealth Management LLC acquired a new stake in shares of Trinity Industries in the fourth quarter valued at approximately $32,000. Huntington National Bank raised its holdings 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 valued at $34,000 after buying an additional 528 shares during the last quarter. Finally, Northwest Bank & Trust Co acquired a new position in shares of Trinity Industries during the fourth quarter worth approximately $66,000. 86.57% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
TRN has been the topic of several research analyst reports. Susquehanna increased their price target on shares of Trinity Industries from $30.00 to $34.00 and gave the stock a "positive" rating in a research report on Thursday, May 2nd. TD Cowen increased their target price on Trinity Industries from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Trinity Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.00.
View Our Latest Stock Report on TRN
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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