Trinity Industries (NYSE:TRN) Shares Gap Up to $26.02

Shares of Trinity Industries, Inc. (NYSE:TRN - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $26.02, but opened at $27.19. Trinity Industries shares last traded at $28.41, with a volume of 146,252 shares traded.

Analysts Set New Price Targets

Separately, Susquehanna reduced their target price on Trinity Industries from $32.00 to $30.00 and set a "positive" rating on the stock in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Trinity Industries has an average rating of "Moderate Buy" and an average price target of $29.00.

Trinity Industries Stock Up 13.6 %

The company has a quick ratio of 0.78, a current ratio of 1.91 and a debt-to-equity ratio of 4.51. The company has a fifty day moving average price of $26.40 and a 200-day moving average price of $25.46. The stock has a market capitalization of $2.42 billion, a P/E ratio of 22.41 and a beta of 1.39.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its earnings results on Thursday, February 22nd. The transportation company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.16. The firm had revenue of $797.90 million for the quarter, compared to analysts' expectations of $749.25 million. Trinity Industries had a return on equity of 9.29% and a net margin of 3.55%. The business's revenue was up 35.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 earnings per share. As a group, research analysts forecast that Trinity Industries, Inc. will post 1.46 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were given a $0.28 dividend. The ex-dividend date was Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 3.79%. Trinity Industries's dividend payout ratio is currently 88.89%.

Insider Buying and Selling

In related 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 value of $273,868.00. Following the completion of the transaction, the chief financial officer now owns 233,704 shares in the company, valued at $6,543,712. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TRN. TFO Wealth Partners LLC boosted its holdings in shares of Trinity Industries by 22,360.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company's stock valued at $30,000 after purchasing an additional 1,118 shares during the period. Ramirez Asset Management Inc. purchased a new stake in shares of Trinity Industries in the third quarter valued at approximately $32,000. ICA Group Wealth Management LLC purchased a new stake in shares of Trinity Industries in the fourth quarter valued at approximately $32,000. Huntington National Bank boosted its holdings in shares of Trinity Industries by 61.8% in the third quarter. Huntington National Bank now owns 1,382 shares of the transportation company's stock valued at $34,000 after purchasing an additional 528 shares during the period. Finally, Northwest Bank & Trust Co purchased a new stake in shares of Trinity Industries in the fourth quarter valued at approximately $66,000. Hedge funds and other 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.