Trinity Industries (NYSE:TRN) Stock Price Down 4.4% – Should You Sell?

Trinity Industries, Inc. (NYSE:TRN) traded down 4.4% during mid-day trading on Friday . The stock traded as low as $32.78 and last traded at $32.78. 192,363 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 544,480 shares. The stock had previously closed at $34.28.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TRN shares. Susquehanna downgraded shares of Trinity Industries from a “positive” rating to a “neutral” rating and boosted their price target for the stock from $34.00 to $35.00 in a report on Monday, October 21st. StockNews.com raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th.

Trinity Industries Stock Performance

The stock has a market cap of $2.68 billion, a PE ratio of 16.66 and a beta of 1.39. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.91 and a quick ratio of 0.98. The business has a 50 day moving average price of $33.77 and a two-hundred day moving average price of $31.56.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Trinity Industries had a return on equity of 13.66% and a net margin of 4.98%. The company had revenue of $798.80 million during the quarter, compared to analyst estimates of $696.00 million. During the same quarter last year, the firm posted $0.26 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.28 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.12 annualized dividend and a dividend yield of 3.44%. Trinity Industries’s payout ratio is presently 54.63%.

Institutional Investors Weigh In On Trinity Industries

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its position in Trinity Industries by 43.0% in the first quarter. BNP Paribas Financial Markets now owns 44,125 shares of the transportation company’s stock worth $1,229,000 after purchasing an additional 13,267 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in Trinity Industries in the first quarter worth about $330,000. Choreo LLC purchased a new position in Trinity Industries in the first quarter worth about $201,000. Texas Permanent School Fund Corp boosted its position in Trinity Industries by 0.8% in the first quarter. Texas Permanent School Fund Corp now owns 70,243 shares of the transportation company’s stock worth $1,956,000 after purchasing an additional 574 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Trinity Industries in the first quarter worth about $258,000. 86.57% of the stock is currently owned by institutional investors.

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.