The stock of Trinity Industries Inc (NYSE:TRN) hit a new 52-week high and has $29.73 target or 8.00% above today’s $27.53 share price. The 7 months bullish chart indicates low risk for the $4.14 billion company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $29.73 price target is reached, the company will be worth $331.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 482,035 shares traded hands. Trinity Industries Inc (NYSE:TRN) has risen 35.48% since April 27, 2016 and is uptrending. It has outperformed by 30.25% the S&P500.
Analysts await Trinity Industries Inc (NYSE:TRN) to report earnings on February, 16. They expect $0.38 earnings per share, down 70.77% or $0.92 from last year’s $1.3 per share. TRN’s profit will be $57.12M for 18.12 P/E if the $0.38 EPS becomes a reality. After $0.55 actual earnings per share reported by Trinity Industries Inc for the previous quarter, Wall Street now forecasts -30.91% negative EPS growth.
Trinity Industries Inc (NYSE:TRN) Ratings Coverage
Out of 9 analysts covering Trinity Industries (NYSE:TRN), 2 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 22% are positive. $32 is the highest target while $10 is the lowest. The $20 average target is -27.35% below today’s ($27.53) stock price. Trinity Industries has been the topic of 15 analyst reports since September 4, 2015 according to StockzIntelligence Inc. Longbow downgraded the shares of TRN in a report on Monday, June 20 to “Neutral” rating. As per Friday, September 30, the company rating was initiated by CLSA. The stock of Trinity Industries Inc (NYSE:TRN) earned “Underweight” rating by BB&T Capital on Friday, February 19. The firm has “Outperform” rating by Cowen & Co given on Monday, February 22. The rating was downgraded by Wells Fargo to “Market Perform” on Monday, September 21. Cowen & Co maintained Trinity Industries Inc (NYSE:TRN) on Friday, February 12 with “Outperform” rating. The stock of Trinity Industries Inc (NYSE:TRN) has “Hold” rating given on Tuesday, April 19 by Stifel Nicolaus. The stock of Trinity Industries Inc (NYSE:TRN) earned “Outperform” rating by Cowen & Co on Monday, December 14. As per Friday, September 30, the company rating was maintained by Stifel Nicolaus. The stock of Trinity Industries Inc (NYSE:TRN) earned “Hold” rating by Stifel Nicolaus on Wednesday, November 30.
According to Zacks Investment Research, “Trinity Industries, Inc. is engaged in the manufacture, marketing, and leasing of a wide variety of products consisting of the following business segments or groups: Railcar Group, Inland Barge Group, Parts and Services Group, Highway Construction Product Group, Concrete & Aggregate Group, Industrial Group, and others. Others includes transportation services, the company’s captive insurance company, and other peripheral businesses.”
Insitutional Activity: The institutional sentiment increased to 1.2 in 2016 Q2. Its up 0.34, from 0.86 in 2016Q1. The ratio improved, as 44 funds sold all Trinity Industries Inc shares owned while 115 reduced positions. 33 funds bought stakes while 103 increased positions. They now own 110.60 million shares or 3.18% more from 107.20 million shares in 2016Q1.
Huntington Comml Bank holds 0.02% of its portfolio in Trinity Industries Inc (NYSE:TRN) for 20,650 shares. Liberty Mutual Grp Inc Asset has 0.04% invested in the company for 64,577 shares. Park Oh has 16,049 shares for 0.02% of their US portfolio. Gotham Asset Management Limited Liability Corp last reported 95,866 shares in the company. Stevens First Principles last reported 1,835 shares in the company. Blackrock Japan Ltd holds 1,888 shares or 0% of its portfolio. Fund Mgmt Sa has 0.05% invested in the company for 311,393 shares. Schwab Charles Mngmt Incorporated last reported 0.01% of its portfolio in the stock. Torchmark reported 120,700 shares or 2.07% of all its holdings. Fin Architects has invested 0.02% of its portfolio in Trinity Industries Inc (NYSE:TRN). Comerica Commercial Bank accumulated 117,249 shares or 0.02% of the stock. Blackrock Institutional Trust Co Na has invested 0.01% of its portfolio in Trinity Industries Inc (NYSE:TRN). West Chester Capital Advsr Incorporated owns 38,541 shares or 1.06% of their US portfolio. Deutsche National Bank Ag holds 0.01% of its portfolio in Trinity Industries Inc (NYSE:TRN) for 1.11M shares. Tctc Hldgs Limited Company accumulated 545,150 shares or 0.69% of the stock.
Insider Transactions: Since November 2, 2016, the stock had 1 buying transaction, and 0 insider sales for $9.77 million net activity. 461,605 shares with value of $9.77M were bought by ValueAct Holdings – L.P. on Wednesday, November 2.
TRN Company Profile
Trinity Industries, Inc., incorporated on August 4, 1986, is a diversified industrial firm that owns a range of businesses providing services and products to the energy, transportation, chemical and construction sectors. The Company’s services and products include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products. The Company’s divisions include the Rail Group, Railcar Leasing and Management Services Group, Construction Products Group, Energy Equipment Group, Inland Barge Group and All Other Groups.
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