Trinity Industries (NYSE:TRN) Reaches New 52-Week High – What’s Next?

Trinity Industries, Inc. (NYSE:TRN) shares hit a new 52-week high during mid-day trading on Tuesday . The company 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 Upgrades and Downgrades

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

Trinity Industries Stock Performance

The stock has a 50-day moving average of $36.80 and a 200 day moving average of $34.54. The firm has a market capitalization of $3.23 billion, a P/E ratio of 19.20 and a beta of 1.40. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00.

Trinity Industries (NYSE:TRN) last announced its earnings results on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The company had revenue of $798.80 million for the quarter, compared to analysts’ expectations of $696.00 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, research analysts anticipate that Trinity Industries, Inc. will post 1.75 earnings per share for the current year.

Trinity Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.05%. The ex-dividend date is Wednesday, January 15th. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s dividend payout ratio (DPR) is presently 58.54%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Matrix Trust Co acquired a new stake in shares of Trinity Industries in the 3rd quarter valued at $25,000. GAMMA Investing LLC boosted its holdings in Trinity Industries by 85.6% in the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 469 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Trinity Industries in the second quarter worth about $54,000. KBC Group NV raised its holdings in Trinity Industries by 71.6% during the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after purchasing an additional 1,649 shares during the last quarter. Finally, CWM LLC raised its holdings in Trinity Industries by 13.3% during the 3rd quarter. CWM LLC now owns 5,197 shares of the transportation company’s stock worth $181,000 after purchasing an additional 609 shares during the last quarter. 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.