Trinity Industries (NYSE:TRN) Sets New 52-Week High at $36.83

Trinity Industries, Inc. (NYSE:TRN) shares hit a new 52-week high on Thursday . The company traded as high as $36.83 and last traded at $36.62, with a volume of 68673 shares changing hands. The stock had previously closed at $33.06.

Analysts Set New Price Targets

TRN has been the topic of a number of research reports. Susquehanna lifted their price target on shares of Trinity Industries from $30.00 to $34.00 and gave the company a “positive” rating in a research note on Thursday, May 2nd. TD Cowen boosted their target price on shares of Trinity Industries from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Trinity Industries Stock Performance

The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 24.52 and a beta of 1.41. The company’s fifty day simple moving average is $30.42 and its 200 day simple moving average is $28.14. 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) last released its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. Trinity Industries had a net margin of 3.98% and a return on equity of 10.93%. The firm had revenue of $809.60 million for the quarter, compared to the consensus estimate of $750.97 million. During the same period in the previous year, the company earned $0.07 earnings per share. The company’s quarterly revenue was up 26.2% on a year-over-year basis. On average, equities research analysts expect that Trinity Industries, Inc. will post 1.45 earnings per share for the current year.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were issued a $0.28 dividend. The ex-dividend date was Monday, July 15th. This represents a $1.12 annualized dividend and a dividend yield of 3.07%. Trinity Industries’s dividend payout ratio is currently 75.17%.

Institutional Investors Weigh In On Trinity Industries

A number of institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of Trinity Industries by 4.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company’s stock valued at $265,000 after acquiring an additional 417 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Trinity Industries by 5.1% in the second quarter. Sequoia Financial Advisors LLC now owns 8,771 shares of the transportation company’s stock valued at $262,000 after acquiring an additional 423 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Trinity Industries by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 36,223 shares of the transportation company’s stock valued at $1,084,000 after acquiring an additional 497 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of 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 valued at $1,956,000 after acquiring an additional 574 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of Trinity Industries by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 41,200 shares of the transportation company’s stock valued at $1,233,000 after acquiring an additional 700 shares during the period. Institutional investors own 86.57% of the company’s stock.

About Trinity Industries

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.