Daily Stock Analysis: Trinity Industries
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Trinity Industries Inc is known by the trading ticker symbol, TRN. It is listed in the Industrials sector as a Railroad Company. This is my second report on Trinity Industries for my Vista stock Portfolio most recently I discussed this company on June 15th.
Trinity Industries Inc. sells and leases railroad products and railcar maintenance services in North America.
'The company operates under the name TrinityRail in three main segments: (1) railcar leasing and management services, which owns railcars and provides fleet management and administration services; (2) rail products, which builds, sells, and modifies freight and tank railcars and their components; and (3) all other, which sells highway products such as guardrail and other highway barriers.
Customers include railroads, leasing companies, and shipping companies in the industries of agriculture, construction, consumer products, energy, and chemicals.
It sells or leases products and services through its own sales personnel and independent sales representatives. Trinity Industries, Inc. was incorporated in 1933 and is headquartered in Dallas, Texas.
Three key data points gauge dividend equities or funds like Trinity Industries Inc (TRN):
(1) Price
(2) Dividends
(3) Returns
Those three basic keys best tell whether any company has made, is making, and will make money.
TRN Price
Trinity's price per share was $27.77 as of yesterday's market close. One year ago its price was $20.40. So TRN's share price has increased just over 36% in the past year.
If Trinity Industries stock trades in the range of $19.00 to $35.00 this next year, its recent $27.77 price might rise by $5.23 to reach $33.00 by August 19, 2022. My estimate is 0.50 under the median of five target estimates from brokerage analysts.
TRN Dividends
Trinity's most recent regular quarterly dividend payout of $0.21 was paid on July 30. The resulting annual payout of $0.84 yields 3.02% based on yesterday's $27.77 closing price. TRTN has paid quarterly dividends for 36 years and increasing those payouts annually for the past 19 years.
TRTN Returns
Adding the $0.84 annual TRTN forward-looking dividend to my $5.23 price upside estimate shows a $6.07 potential gross gain, per share, to be reduced by any costs to trade TRN shares.
At yesterday's $27.77 price per share, a little under $1000 would buy 36 shares.
A $10 broker fee (if charged) would be paid half at purchase and half at a sale and might cost us about $0.28 per share.
Subtract that maybe $0.28 brokerage cost from my estimated $6.07 gross gain per share results in a net gain of $5.80 X 36 shares = $208.80 for a 20.9% net gain on a $999.72 investment.
So it is that Trinity Industries Inc shows a possible 20.9% net gain including a 3.02% forward estimated dividend yield.
Over the next year at this time, a $1000 investment in Trinity Industries Inc could generate $30.20 in cash dividends alone. And a single share bought at yesterday's closing price was $27.77! Thus, TRN share price is now $2.44 under the dividend income from $1K invested. So, according to my dividend dogcatcher ideal, this is the ideal time to pick up Trinity Industries shares. The dividend from $1k invested leads the single share price by $2.44. Consider yourself alerted.
All of the estimates above are speculation based on the past history of Trinity Industries Inc. Only time and money invested in this stock will determine its market value.
Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...
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