Trinity Industries Inc (NYSE:TRN) Director Brandon B. Boze bought 143,576 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were acquired at an average price of $21.99 per share, with a total value of $3,157,236.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Trinity Industries stock traded up $0.05 during trading hours on Friday, reaching $22.26. The stock had a trading volume of 32,470 shares, compared to its average volume of 2,891,207. The company has a market cap of $3.25 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 1.36 and a beta of 2.25. Trinity Industries Inc has a twelve month low of $20.65 and a twelve month high of $39.35. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.38 and a current ratio of 2.50.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Wednesday, October 24th. The transportation company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The firm had revenue of $930.90 million during the quarter, compared to analyst estimates of $969.60 million. Trinity Industries had a return on equity of 5.38% and a net margin of 18.57%. During the same quarter last year, the company posted $0.43 EPS. Equities research analysts forecast that Trinity Industries Inc will post 1.63 EPS for the current year.
A number of research firms recently issued reports on TRN. Stifel Nicolaus set a $34.00 target price on shares of Trinity Industries and gave the company a “buy” rating in a research report on Saturday, November 17th. Zacks Investment Research reiterated a “hold” rating and issued a $24.00 price objective on shares of Trinity Industries in a research report on Saturday, November 17th. Cowen decreased their price objective on shares of Trinity Industries from $47.00 to $29.00 and set an “outperform” rating for the company in a research report on Monday, November 12th. ValuEngine downgraded shares of Trinity Industries from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, Wells Fargo & Co decreased their price objective on shares of Trinity Industries from $53.00 to $35.00 and set an “outperform” rating for the company in a research report on Thursday, November 1st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $33.44.
Hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new stake in shares of Trinity Industries during the second quarter worth about $130,000. Meeder Asset Management Inc. purchased a new stake in shares of Trinity Industries during the third quarter worth about $170,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Trinity Industries during the third quarter worth about $202,000. CIBC Asset Management Inc purchased a new stake in shares of Trinity Industries during the third quarter worth about $202,000. Finally, Fulton Bank N.A. purchased a new stake in shares of Trinity Industries during the third quarter worth about $206,000. 81.75% of the stock is owned by institutional investors and hedge funds.
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About Trinity Industries
Trinity Industries, Inc provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and railcar maintenance services.
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