Trinity Industries, Inc. (TRN)’s Stock Is Buy After Forming Descending Triangle

April 23, 2018 - By Henry Gaston

Trinity Industries, Inc. (NYSE:TRN) Logo

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.24, from 0.81 in 2017Q3. It is positive, as 32 investors sold Trinity Industries, Inc. shares while 114 reduced holdings. 61 funds opened positions while 92 raised stakes. 128.36 million shares or 4.41% more from 122.94 million shares in 2017Q3 were reported.
Thompson Siegel & Walmsley Limited Liability Com reported 0% stake. Greenwood Gearhart holds 168,543 shares. State Of Wisconsin Board has invested 0% in Trinity Industries, Inc. (NYSE:TRN). Credit Suisse Ag reported 733,727 shares. Rhumbline Advisers holds 0.02% or 287,798 shares in its portfolio. Jefferies Group Limited Company has 0.01% invested in Trinity Industries, Inc. (NYSE:TRN). Capital Advisers Limited Co, California-based fund reported 22,429 shares. Thrivent Fincl For Lutherans owns 33,126 shares or 0% of their US portfolio. Impala Asset Management Ltd Liability Com holds 1.59% or 1.20M shares in its portfolio. Alphamark Advsr holds 0.01% or 503 shares in its portfolio. Loomis Sayles And Com Lp, Massachusetts-based fund reported 760 shares. Afam has invested 0.48% in Trinity Industries, Inc. (NYSE:TRN). Burney Company has 0.02% invested in Trinity Industries, Inc. (NYSE:TRN) for 7,334 shares. First Financial Bank Of Mount Dora Trust Invest Ser holds 1.68% of its portfolio in Trinity Industries, Inc. (NYSE:TRN) for 102,179 shares. Bb&T has 275,204 shares for 0.19% of their portfolio.

Since October 26, 2017, it had 6 insider buys, and 0 insider sales for $118.07 million activity.

The stock of Trinity Industries, Inc. (TRN) formed a descending triangle with $33.94 target or 7.00 % above today’s $31.72 share price. The 8 months triangle pattern indicates low risk for the $4.77 billion company. If the $33.94 price target is reached, the company will be worth $333.76 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock decreased 0.06% or $0.02 during the last trading session, reaching $31.72. About 1.03M shares traded. Trinity Industries, Inc. (NYSE:TRN) has risen 25.06% since April 23, 2017 and is uptrending. It has outperformed by 13.51% the S&P500.

Analysts await Trinity Industries, Inc. (NYSE:TRN) to report earnings on April, 25 after the close. They expect $0.22 earnings per share, down 26.67 % or $0.08 from last year’s $0.3 per share. TRN’s profit will be $33.07 million for 36.05 P/E if the $0.22 EPS becomes a reality. After $0.43 actual earnings per share reported by Trinity Industries, Inc. for the previous quarter, Wall Street now forecasts -48.84 % negative EPS growth.

Trinity Industries, Inc. (NYSE:TRN) Ratings Coverage

Among 6 analysts covering Trinity Industries (NYSE:TRN), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. Trinity Industries had 12 analyst reports since October 26, 2017 according to SRatingsIntel. Wells Fargo upgraded the stock to “Outperform” rating in Friday, February 16 report. As per Wednesday, December 13, the company rating was maintained by Cowen & Co. The stock of Trinity Industries, Inc. (NYSE:TRN) earned “Buy” rating by Stifel Nicolaus on Friday, December 22. The firm earned “Buy” rating on Friday, February 9 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, February 23 report. The firm has “Positive” rating given on Monday, November 6 by Susquehanna. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, December 12. The firm earned “Buy” rating on Friday, October 27 by Stifel Nicolaus. Susquehanna maintained it with “Buy” rating and $52.0 target in Tuesday, February 20 report. The rating was maintained by Cowen & Co with “Buy” on Thursday, October 26.

Trinity Industries, Inc. (NYSE:TRN) Institutional Positions Chart

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