Trinity Industries, Inc. (NYSE:TRN) CEO Jean Savage Acquires 4,485 Shares of Stock

Trinity Industries, Inc. (NYSE:TRN – Get Rating) CEO Jean Savage acquired 4,485 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was purchased at an average price of $22.29 per share, with a total value of $99,970.65. Following the completion of the acquisition, the chief executive officer now owns 189,876 shares in the company, valued at $4,232,336.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Trinity Industries Stock Performance

Shares of TRN stock traded down $0.95 during mid-day trading on Friday, reaching $22.06. 1,504,647 shares of the company’s stock traded hands, compared to its average volume of 523,543. Trinity Industries, Inc. has a 12 month low of $20.94 and a 12 month high of $35.35. The firm has a 50 day moving average price of $27.05 and a two-hundred day moving average price of $26.91. The firm has a market capitalization of $1.79 billion, a PE ratio of 30.64 and a beta of 1.40.

Trinity Industries (NYSE:TRN – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Trinity Industries had a net margin of 3.04% and a return on equity of 6.26%. The firm had revenue of $591.20 million during the quarter, compared to the consensus estimate of $786.03 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. As a group, equities analysts expect that Trinity Industries, Inc. will post 1.67 earnings per share for the current fiscal year.

Trinity Industries announced that its Board of Directors has initiated a share repurchase plan on Thursday, December 8th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the transportation company to reacquire up to 10.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Trinity Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, April 14th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Thursday, April 13th. Trinity Industries’s payout ratio is 144.44%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TRN shares. Susquehanna decreased their price objective on shares of Trinity Industries from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, March 7th. Wells Fargo & Company cut their target price on shares of Trinity Industries from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Wednesday, February 22nd. StockNews.com started coverage on shares of Trinity Industries in a research report on Thursday. They issued a “hold” rating for the company. TheStreet raised shares of Trinity Industries from a “c+” rating to a “b” rating in a research report on Friday, November 18th. Finally, Stephens cut their target price on shares of Trinity Industries from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $28.00.

Institutional Investors Weigh In On Trinity Industries

Hedge funds have recently modified their holdings of the business. Strs Ohio bought a new position in Trinity Industries in the 4th quarter worth $26,000. Exchange Traded Concepts LLC boosted its holdings in Trinity Industries by 75.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,160 shares of the transportation company’s stock worth $34,000 after buying an additional 497 shares during the period. ICA Group Wealth Management LLC bought a new position in Trinity Industries in the 4th quarter worth $35,000. Whittier Trust Co. boosted its holdings in Trinity Industries by 2,272.7% in the 3rd quarter. Whittier Trust Co. now owns 2,088 shares of the transportation company’s stock worth $45,000 after buying an additional 2,000 shares during the period. Finally, U.S. Capital Wealth Advisors LLC bought a new position in Trinity Industries in the 4th quarter worth $68,000. Institutional investors own 86.23% of the company’s stock.

Trinity Industries Company Profile

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Trinity Industries, Inc engages in the provision of rail transportation products and services in North America. It operates through the following segments: Railcar Leasing and Management Services Group, Rail Products Group and All Other. The Railcar Leasing and Management Services Group segment provides railcar industry services.