Trinity Industries (NYSE:TRN) Sets New 1-Year High – Time to Buy?

Trinity Industries, Inc. (NYSE:TRN)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock 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.

Analysts Set New Price Targets

A number of brokerages have recently commented on TRN. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and upped their price target for the company from $34.00 to $35.00 in a research note on Monday, October 21st. StockNews.com cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group assumed coverage on shares of Trinity Industries in a report on Monday, November 18th. They issued a “neutral” rating and a $39.00 target price on the stock.

Trinity Industries Stock Performance

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

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 net margin of 5.31% and a return on equity of 14.57%. The firm had revenue of $798.80 million for the quarter, compared to the consensus estimate of $696.00 million. During the same period last year, the company posted $0.26 EPS. The business’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, analysts anticipate that Trinity Industries, Inc. will post 1.75 EPS for the current fiscal year.

Trinity Industries Increases Dividend

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

Hedge Funds Weigh In On Trinity Industries

A number of large investors have recently added to or reduced their stakes in TRN. Sanctuary Advisors LLC raised its holdings in shares of Trinity Industries by 3.5% in the third quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company’s stock valued at $376,000 after purchasing an additional 338 shares during the last quarter. GAMMA Investing LLC grew its position 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 purchasing an additional 469 shares in the last quarter. CWM LLC increased its stake in Trinity Industries by 13.3% in the 3rd quarter. CWM LLC now owns 5,197 shares of the transportation company’s stock valued at $181,000 after buying an additional 609 shares during the last quarter. Matrix Trust Co bought a new stake in Trinity Industries during the 3rd quarter worth about $25,000. Finally, Creative Planning boosted its stake in shares of Trinity Industries by 6.1% during the 3rd quarter. Creative Planning now owns 17,388 shares of the transportation company’s stock worth $606,000 after buying an additional 1,000 shares during the last quarter. 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.