Trinity Industries, Inc. (NYSE:TRN) Plans $0.28 Quarterly Dividend

Trinity Industries, Inc. (NYSE:TRN - Get Free Report) announced a quarterly dividend on Monday, May 20th, RTT News reports. Investors of record on Monday, July 15th will be paid a dividend of 0.28 per share by the transportation company on Wednesday, July 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.64%.

Trinity Industries has increased its dividend by an average of 11.0% annually over the last three years and has raised its dividend every year for the last 15 years. Trinity Industries has a dividend payout ratio of 53.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Trinity Industries to earn $2.05 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 54.6%.

Trinity Industries Stock Performance

Shares of TRN traded down $0.29 during midday trading on Monday, hitting $30.75. 362,229 shares of the stock traded hands, compared to its average volume of 505,397. Trinity Industries has a 1-year low of $20.04 and a 1-year high of $31.59. The firm has a market capitalization of $2.52 billion, a PE ratio of 20.64 and a beta of 1.39. The company has a debt-to-equity ratio of 4.55, a quick ratio of 0.91 and a current ratio of 1.88. The business's 50 day moving average price is $27.92 and its two-hundred day moving average price is $26.37.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.33 earnings per share (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 company had revenue of $809.60 million during the quarter, compared to the consensus estimate of $750.97 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company's revenue for the quarter was up 26.2% compared to the same quarter last year. Equities research analysts predict that Trinity Industries will post 1.5 EPS for the current fiscal year.

Insider Buying and Selling

In other Trinity Industries news, CFO Eric R. Marchetto sold 9,781 shares of Trinity Industries stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total transaction of $273,868.00. Following the transaction, the chief financial officer now owns 233,704 shares of the company's stock, valued at approximately $6,543,712. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Eric R. Marchetto sold 9,781 shares of the business's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total value of $273,868.00. Following the completion of the sale, the chief financial officer now owns 233,704 shares of the company's stock, valued at approximately $6,543,712. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Eric R. Marchetto sold 8,816 shares of the business's stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $30.00, for a total value of $264,480.00. Following the completion of the sale, the chief financial officer now directly owns 224,888 shares of the company's stock, valued at approximately $6,746,640. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

TRN has been the subject of several analyst reports. TD Cowen boosted their price target on shares of Trinity Industries from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, May 2nd. Susquehanna upped their price objective on shares of Trinity Industries from $30.00 to $34.00 and gave the stock a "positive" rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $31.00.

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.