Trinity Industries, Inc. $TRN Shares Purchased by Stephens Inc. AR

Stephens Inc. AR grew its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 11.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,163 shares of the transportation company’s stock after purchasing an additional 846 shares during the period. Stephens Inc. AR’s holdings in Trinity Industries were worth $220,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Strs Ohio acquired a new stake in shares of Trinity Industries in the first quarter valued at $25,000. GAMMA Investing LLC increased its holdings in shares of Trinity Industries by 75.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,114 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 479 shares during the last quarter. Headlands Technologies LLC raised its holdings in Trinity Industries by 3,418.2% during the first quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company’s stock worth $43,000 after purchasing an additional 1,504 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Trinity Industries in the 2nd quarter valued at $43,000. Finally, Russell Investments Group Ltd. increased its position in shares of Trinity Industries by 97.4% during the first quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company’s stock worth $101,000 after purchasing an additional 1,778 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TRN. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Trinity Industries in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Trinity Industries from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Susquehanna decreased their target price on shares of Trinity Industries from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, July 29th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.50.

Trinity Industries Trading Down 0.1%

Shares of Trinity Industries stock opened at $28.23 on Tuesday. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 24.76 and a beta of 1.52. Trinity Industries, Inc. has a 52-week low of $22.38 and a 52-week high of $39.83. The company’s 50-day simple moving average is $28.12 and its 200-day simple moving average is $26.90. The company has a quick ratio of 1.01, a current ratio of 1.96 and a debt-to-equity ratio of 4.66.

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

Trinity Industries Announces Dividend

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