Trinity Industries (NYSE:TRN) Stock Price Down 8.7% – Should You Sell?

Trinity Industries, Inc. (NYSE:TRN)’s stock price dropped 8.7% on Thursday . The stock traded as low as $30.50 and last traded at $31.25. Approximately 736,524 shares traded hands during trading, an increase of 49% from the average daily volume of 493,549 shares. The stock had previously closed at $34.21.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TRN shares. The Goldman Sachs Group started coverage on Trinity Industries in a research note on Monday, November 18th. They issued a “neutral” rating and a $39.00 price objective for the company. StockNews.com cut Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Trinity Industries Price Performance

The firm has a market capitalization of $2.57 billion, a P/E ratio of 15.26 and a beta of 1.40. The company has a fifty day moving average of $36.52 and a 200 day moving average of $35.28. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. Sell-side analysts predict that Trinity Industries, Inc. will post 1.75 earnings per share for the current year.

Trinity Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.84%. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, January 15th. Trinity Industries’s dividend payout ratio is presently 58.54%.

Hedge Funds Weigh In On Trinity Industries

Large investors have recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Trinity Industries by 2.3% in the 3rd quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock worth $112,395,000 after purchasing an additional 73,183 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Trinity Industries by 125.9% in the 3rd quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company’s stock worth $1,975,000 after purchasing an additional 31,758 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Trinity Industries in the 3rd quarter worth $572,000. Royce & Associates LP lifted its holdings in shares of Trinity Industries by 8.2% in the 3rd quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock worth $12,801,000 after purchasing an additional 27,870 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Trinity Industries by 387.2% in the 3rd quarter. Barclays PLC now owns 179,500 shares of the transportation company’s stock worth $6,254,000 after purchasing an additional 142,660 shares in the last quarter. 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.