Granite Investment Partners LLC Sells 249,024 Shares of Trinity Industries, Inc. $TRN

Granite Investment Partners LLC trimmed its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 34.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 477,560 shares of the transportation company’s stock after selling 249,024 shares during the period. Granite Investment Partners LLC owned approximately 0.60% of Trinity Industries worth $13,391,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TRN. Royal Bank of Canada lifted its holdings in shares of Trinity Industries by 0.6% during the 1st quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company’s stock worth $2,069,000 after acquiring an additional 457 shares during the period. AQR Capital Management LLC raised its position in Trinity Industries by 33.8% during the first quarter. AQR Capital Management LLC now owns 44,772 shares of the transportation company’s stock valued at $1,244,000 after purchasing an additional 11,319 shares in the last quarter. Millennium Management LLC lifted its stake in Trinity Industries by 329.2% during the first quarter. Millennium Management LLC now owns 637,990 shares of the transportation company’s stock worth $17,902,000 after purchasing an additional 489,348 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Trinity Industries by 1,341.9% in the 1st quarter. Jane Street Group LLC now owns 134,098 shares of the transportation company’s stock valued at $3,763,000 after purchasing an additional 124,798 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of Trinity Industries by 44.0% in the 1st quarter. Intech Investment Management LLC now owns 48,014 shares of the transportation company’s stock valued at $1,347,000 after purchasing an additional 14,678 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Trinity Industries Price Performance

Trinity Industries stock opened at $34.97 on Monday. The stock has a 50-day moving average price of $29.17 and a two-hundred day moving average price of $28.09. Trinity Industries, Inc. has a 12 month low of $22.38 and a 12 month high of $35.62. The company has a market capitalization of $2.79 billion, a PE ratio of 11.35 and a beta of 1.47. The company has a current ratio of 1.90, a quick ratio of 1.08 and a debt-to-equity ratio of 4.75.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Thursday, February 12th. The transportation company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.01. The company had revenue of $611.20 million for the quarter, compared to analysts’ expectations of $570.45 million. Trinity Industries had a return on equity of 21.02% and a net margin of 11.73%.The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. Trinity Industries has set its FY 2026 guidance at 1.850-2.100 EPS. Analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were given a $0.31 dividend. This is an increase from Trinity Industries’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, January 15th. This represents a $1.24 annualized dividend and a yield of 3.5%. Trinity Industries’s dividend payout ratio is currently 40.26%.

Analyst Ratings Changes

Several brokerages recently weighed in on TRN. Wall Street Zen upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Susquehanna set a $34.00 target price on Trinity Industries and gave the stock a “neutral” rating in a research note on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Trinity Industries in a research note on Monday, December 29th. Finally, The Goldman Sachs Group set a $33.00 price target on shares of Trinity Industries and gave the company a “neutral” rating in a report on Thursday, February 12th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $33.50.

Trinity Industries Company Profile

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.