Trinity Industries Inc (TRN) was Reiterated by Stifel to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 22 from a previous price target of $19 . Stifel advised their investors in a research report released on Nov 30, 2016.
Many Wall Street Analysts have commented on Trinity Industries Inc. Trinity Industries Inc was Initiated by CLSA to “Underperform” on Sep 30, 2016.
On the company’s financial health, Trinity Industries Inc reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.53. The company had revenue of $1111.70 million for the quarter, compared to analysts expectations of $1217.52 million. The company’s revenue was down -27.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.31 EPS.
Trinity Industries Inc closed down -0.34 points or -1.25% at $26.96 with 12,30,485 shares getting traded on Tuesday. Post opening the session at $27.1, the shares hit an intraday low of $26.86 and an intraday high of $27.31 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Aug 11, 2016, Mary E Henderson (Vice President & CAO) sold 5,000 shares at $23.24 per share price. According to the SEC, on Aug 10, 2016, William A Mcwhirter (Senior Vice President) sold 50,000 shares at $23.19 per share price. On Nov 3, 2015, D Stephen Menzies (Senior Vice President) sold 101,296 shares at $27.46 per share price, according to the Form-4 filing with the securities and exchange commission.
Trinity Industries Inc. is a diversified industrial company that owns businesses providing products and services to the energy transportation chemical and construction sectors. The Company’s products and services include railcars and railcar parts the leasing management and maintenance of railcars inland barges highway products aggregates storage and distribution containers structural wind towers electric utility structures and parts and steel components. The Company operates under the following segments: the Rail Group Construction Products Group Inland Barge Group Energy Equipment Group Railcar Leasing and Management Services Group and All Other. The Company caters to concrete producers which include commercial residential highway contractors manufacturers of masonry products and state and local municipalities. It also caters to commercial marine transportation companies wind turbine producers dealers and industrial users.