Trinity Industries (NYSE:TRN) Stock Price Down 3.6% on Analyst Downgrade

Trinity Industries, Inc. (NYSE:TRN - Get Free Report)'s stock price dropped 3.6% on Tuesday after Susquehanna lowered their price target on the stock from $35.00 to $24.00. Susquehanna currently has a neutral rating on the stock. Trinity Industries traded as low as $24.19 and last traded at $24.11. Approximately 75,891 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 580,818 shares. The stock had previously closed at $25.00.

Separately, The Goldman Sachs Group dropped their price objective on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th.

Insider Activity

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $31.02, for a total transaction of $288,051.72. Following the completion of the sale, the executive vice president now directly owns 111,879 shares of the company's stock, valued at $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Trinity Industries

A number of hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its position in shares of Trinity Industries by 387.2% during the third quarter. Barclays PLC now owns 179,500 shares of the transportation company's stock valued at $6,254,000 after buying an additional 142,660 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Trinity Industries by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company's stock valued at $376,000 after acquiring an additional 338 shares in the last quarter. Tidal Investments LLC boosted its holdings in Trinity Industries by 17.9% during the 3rd quarter. Tidal Investments LLC now owns 16,186 shares of the transportation company's stock worth $564,000 after acquiring an additional 2,456 shares during the last quarter. Matrix Trust Co grew its stake in shares of Trinity Industries by 599.3% in the 4th quarter. Matrix Trust Co now owns 4,923 shares of the transportation company's stock worth $173,000 after acquiring an additional 4,219 shares in the last quarter. Finally, Spring Capital Management LLC purchased a new stake in shares of Trinity Industries in the fourth quarter valued at about $632,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Trinity Industries Price Performance

The company has a market capitalization of $2.04 billion, a P/E ratio of 15.24 and a beta of 1.49. The business's 50-day moving average is $28.25 and its two-hundred day moving average is $33.67. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The firm had revenue of $629.40 million during the quarter, compared to analyst estimates of $589.30 million. As a group, analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.20 annualized dividend and a yield of 4.80%. Trinity Industries's dividend payout ratio is currently 73.17%.

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.