Momentum Stock Watch: Trinity Industries, Inc. (TRN)

Company Profile:

Trinity Industries, Inc. provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Trinity reports its financial results in five principal business segments: the Rail Group, the Railcar Leasing and Management Services Group, the Inland Barge Group, the Construction Products Group, and the Energy Equipment Group. Trinity Industries, Inc. was founded in 1933 and is headquartered in Dallas, Texas.

Recent News:

On June 20, 2018, its wholly-owned subsidiaries, Trinity Industries Leasing Company and Trinity Rail Leasing 2018 LLC, closed a two-tranche, railcar asset-backed securitization in the aggregate amount of $482.5 million with a blended coupon of approximately 4.41% and a weighted average life of approximately 8 years.

On May 8, 2018, the company has declared a quarterly dividend of 13 cents per share on its $0.01 par value common stock. The quarterly cash dividend, is payable July 31, 2018 to stockholders of record on July 13, 2018.

For the first quarter ended March 31, 2018, the company reported earnings per common diluted share of $0.26 compared to $0.30 per share in 2017. Anticipates full year 2018 earnings per common diluted share of between $1.20 and $1.40.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

TRN’s strengths can be seen in its better growth and better profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in stoxine trend and signal lines. The RSI(15) stands at 52.86 with positive bias. We rate Trinity Industries, Inc. (TRN) a STRONG BUY.

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