Trinity Industries (TRN) Receiving Somewhat Favorable Media Coverage, Analysis Shows
News coverage about Trinity Industries (NYSE:TRN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Trinity Industries earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 46.3868895501924 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Trinity Industries (TRN) Lifted to Hold at Zacks Investment Research (americanbankingnews.com)
- Is technical analysis on Trinity Industries, Inc. (TRN) is useful? – Wall Street Morning (wallstreetmorning.com)
- TRN April 27th Options Begin Trading – Nasdaq (nasdaq.com)
- Trinity Industries Inc (TRN) Major Shareholder Holdings L.P. Valueact Buys 20,539 Shares (americanbankingnews.com)
- Trinity Industries, Inc. Declares Quarterly Dividend (finance.yahoo.com)
Trinity Industries (NYSE:TRN) traded down $0.04 during trading on Wednesday, reaching $33.15. 315,997 shares of the company’s stock were exchanged, compared to its average volume of 1,306,557. Trinity Industries has a 12 month low of $25.01 and a 12 month high of $38.25. The firm has a market cap of $5,052.56, a price-to-earnings ratio of 7.40, a PEG ratio of 2.53 and a beta of 2.03. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.43 and a current ratio of 3.47.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 13th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Thursday, April 12th. Trinity Industries’s payout ratio is 11.61%.
Trinity Industries announced that its Board of Directors has authorized a stock buyback plan on Tuesday, December 12th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of research analysts recently issued reports on TRN shares. Cowen boosted their target price 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 reiterated a “buy” rating and issued a $43.00 price objective on shares of Trinity Industries in a research report on Friday, December 22nd. ValuEngine upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Tuesday, January 2nd. Finally, Seaport Global Securities assumed coverage on shares of Trinity Industries in a research note on Thursday, January 4th. They set a “neutral” rating for the company. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $35.75.
In other Trinity Industries news, SVP William A. Mcwhirter sold 15,606 shares of Trinity Industries stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $33.49, for a total transaction of $522,644.94. Following the completion of the transaction, the senior vice president now owns 175,733 shares in the company, valued at $5,885,298.17. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP William A. Mcwhirter sold 20,000 shares of Trinity Industries stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the sale, the senior vice president now owns 191,339 shares of the company’s stock, valued at $7,060,409.10. The disclosure for this sale can be found here. In the last ninety days, insiders bought 976,882 shares of company stock worth $32,124,543. Insiders own 2.00% 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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