Somewhat Favorable News Coverage Somewhat Unlikely to Impact Trinity Industries (TRN) Share Price

Press 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 analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Trinity Industries earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news stories about the transportation company an impact score of 46.1452579400132 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

Shares of Trinity Industries (TRN) traded up $0.48 during trading hours on Monday, hitting $37.19. 1,037,837 shares of the company were exchanged, compared to its average volume of 1,316,207. The company has a quick ratio of 2.62, a current ratio of 3.70 and a debt-to-equity ratio of 0.75. The stock has a market cap of $5,571.99, a P/E ratio of 24.47, a P/E/G ratio of 2.46 and a beta of 2.26. Trinity Industries has a 52 week low of $25.01 and a 52 week high of $38.25.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.11. The company had revenue of $973.60 million for the quarter, compared to the consensus estimate of $951.60 million. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. analysts predict that Trinity Industries will post 1.49 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, January 11th. Trinity Industries’s dividend payout ratio (DPR) is currently 34.67%.

Trinity Industries declared that its Board of Directors has authorized a share buyback program on Tuesday, December 12th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

TRN has been the topic of a number of analyst reports. ValuEngine raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Cowen lifted their price objective on shares of Trinity Industries from $36.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, December 13th. Zacks Investment Research downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Saturday, September 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $42.00 price objective (up from $31.00) on shares of Trinity Industries in a report on Sunday, October 1st. Finally, UBS raised shares of Trinity Industries from a “neutral” rating to a “positive” rating in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. Trinity Industries presently has an average rating of “Buy” and a consensus target price of $35.00.

In related news, major shareholder Valueact Capital Master Fund, purchased 832,600 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average cost of $31.68 per share, with a total value of $26,376,768.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Holdings L.P. Valueact purchased 300,000 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was bought at an average cost of $31.45 per share, for a total transaction of $9,435,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 1,722,237 shares of company stock worth $55,164,869 over the last three months. 2.00% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Trinity Industries (NYSE:TRN)

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