Trinity Industries Inc (NYSE:TRN) – KeyCorp issued their Q1 2019 earnings estimates for Trinity Industries in a report issued on Thursday. KeyCorp analyst S. Barger forecasts that the transportation company will earn $0.42 per share for the quarter. KeyCorp also issued estimates for Trinity Industries’ Q2 2019 earnings at $0.50 EPS, Q3 2019 earnings at $0.49 EPS, Q4 2019 earnings at $0.44 EPS and FY2019 earnings at $1.85 EPS.
Several other research analysts also recently commented on TRN. UBS Group upgraded shares of Trinity Industries from a “neutral” rating to a “positive” rating in a research report on Monday, November 6th. Susquehanna Bancshares upgraded shares of Trinity Industries from a “neutral” rating to a “positive” rating in a research report on Monday, November 6th. Cowen boosted their price objective on shares of Trinity Industries from $36.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, December 13th. Stifel Nicolaus restated a “buy” rating and set a $43.00 price objective on shares of Trinity Industries in a research report on Friday, December 22nd. Finally, ValuEngine upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. Trinity Industries presently has a consensus rating of “Buy” and an average price target of $38.90.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, February 21st. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Trinity Industries had a net margin of 19.15% and a return on equity of 5.34%. The business had revenue of $906.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned $0.44 earnings per share. The company’s revenue was down 17.9% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, January 11th. This represents a $0.52 annualized dividend and a dividend yield of 1.55%. Trinity Industries’s dividend payout ratio (DPR) is presently 37.41%.
Trinity Industries announced that its board has authorized a share buyback plan on Tuesday, December 12th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
In other news, SVP William A. Mcwhirter sold 20,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $36.90, for a total transaction of $738,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,339 shares in the company, valued at $7,060,409.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. ValueAct Holdings L.P. increased its holdings in shares of Trinity Industries by 10.7% during the third quarter. ValueAct Holdings L.P. now owns 17,255,115 shares of the transportation company’s stock worth $550,438,000 after buying an additional 1,672,510 shares in the last quarter. Cipher Capital LP acquired a new stake in Trinity Industries in the third quarter valued at $816,000. Chesapeake Asset Management LLC increased its holdings in Trinity Industries by 95.9% in the third quarter. Chesapeake Asset Management LLC now owns 54,497 shares of the transportation company’s stock valued at $1,738,000 after purchasing an additional 26,682 shares during the period. James Investment Research Inc. increased its holdings in Trinity Industries by 15.2% in the fourth quarter. James Investment Research Inc. now owns 413,366 shares of the transportation company’s stock valued at $15,485,000 after purchasing an additional 54,610 shares during the period. Finally, Creative Planning increased its holdings in Trinity Industries by 11.7% in the fourth quarter. Creative Planning now owns 22,260 shares of the transportation company’s stock valued at $834,000 after purchasing an additional 2,328 shares during the period. Institutional investors own 82.66% of the company’s stock.
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Trinity Industries Company Profile
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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