Trinity Industries, Inc. $TRN Shares Purchased by Truist Financial Corp

Truist Financial Corp boosted its stake in Trinity Industries, Inc. (NYSE:TRN) by 12.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,067 shares of the transportation company’s stock after acquiring an additional 2,975 shares during the period. Truist Financial Corp’s holdings in Trinity Industries were worth $704,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new position in Trinity Industries during the 4th quarter worth approximately $241,000. GAMMA Investing LLC increased its position in Trinity Industries by 1,303.0% during the 1st quarter. GAMMA Investing LLC now owns 17,818 shares of the transportation company’s stock worth $500,000 after purchasing an additional 16,548 shares during the period. SG Americas Securities LLC acquired a new position in Trinity Industries during the 1st quarter worth approximately $404,000. Fifth Third Bancorp increased its position in Trinity Industries by 3,212.1% during the 1st quarter. Fifth Third Bancorp now owns 12,023 shares of the transportation company’s stock worth $337,000 after purchasing an additional 11,660 shares during the period. Finally, Illinois Municipal Retirement Fund increased its position in Trinity Industries by 1.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 44,168 shares of the transportation company’s stock worth $1,239,000 after purchasing an additional 462 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Trading Up 1.8%

Shares of TRN opened at $28.10 on Wednesday. The stock has a fifty day moving average of $28.06 and a two-hundred day moving average of $26.78. 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 PE ratio of 24.64 and a beta of 1.52. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $39.83.

Trinity Industries (NYSE:TRN) last issued 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). The firm had revenue of $506.20 million during the quarter, compared to analysts’ expectations of $589.96 million. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The company’s quarterly revenue was down 39.8% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. As a group, analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

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 issued 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 dividend payout ratio is currently 105.26%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Trinity Industries in a research note on Wednesday, October 8th. Susquehanna decreased their price target on Trinity Industries from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 29th. Finally, Wall Street Zen raised Trinity Industries from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.50.

Trinity Industries Company Profile

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.