Trinity Industries, Inc. $TRN Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in Trinity Industries, Inc. (NYSE:TRN) by 75.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,114 shares of the transportation company’s stock after purchasing an additional 479 shares during the period. GAMMA Investing LLC’s holdings in Trinity Industries were worth $30,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jennison Associates LLC boosted its holdings in Trinity Industries by 2.0% in the first quarter. Jennison Associates LLC now owns 3,661,394 shares of the transportation company’s stock valued at $102,739,000 after purchasing an additional 73,160 shares during the period. American Century Companies Inc. boosted its holdings in Trinity Industries by 15.9% in the first quarter. American Century Companies Inc. now owns 2,534,417 shares of the transportation company’s stock valued at $71,116,000 after purchasing an additional 347,051 shares during the period. Invesco Ltd. boosted its holdings in Trinity Industries by 48.5% in the first quarter. Invesco Ltd. now owns 1,281,326 shares of the transportation company’s stock valued at $35,954,000 after purchasing an additional 418,371 shares during the period. Northern Trust Corp boosted its holdings in Trinity Industries by 2.6% in the first quarter. Northern Trust Corp now owns 1,202,608 shares of the transportation company’s stock valued at $33,745,000 after purchasing an additional 30,572 shares during the period. Finally, Nuveen LLC purchased a new position in Trinity Industries in the first quarter valued at $22,940,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TRN. Susquehanna decreased their target price on Trinity Industries from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, July 29th. Wall Street Zen upgraded Trinity Industries from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Trinity Industries in a report on Saturday, September 27th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.50.

Trinity Industries Stock Up 1.2%

Trinity Industries stock opened at $28.11 on Monday. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $39.83. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96. The company has a market capitalization of $2.27 billion, a P/E ratio of 24.65 and a beta of 1.52. The stock has a 50-day simple moving average of $27.68 and a 200-day simple moving average of $26.84.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.12). Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The firm had revenue of $506.20 million during the quarter, compared to analysts’ expectations of $589.96 million. During the same period in the previous year, the firm posted $0.66 earnings per share. The firm’s revenue for the quarter was down 39.8% on a year-over-year basis. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. Equities research analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.3%. The ex-dividend date is Wednesday, October 15th. Trinity Industries’s payout ratio is 105.26%.

About Trinity Industries

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.