VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Trinity Industries, Inc. $TRN

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Trinity Industries, Inc. (NYSE:TRN) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 21,200 shares of the transportation company’s stock, valued at approximately $573,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. New York State Teachers Retirement System raised its holdings in shares of Trinity Industries by 2.3% in the 2nd quarter. New York State Teachers Retirement System now owns 101,549 shares of the transportation company’s stock valued at $2,743,000 after purchasing an additional 2,309 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Trinity Industries in the 2nd quarter valued at about $541,000. CWM LLC raised its holdings in shares of Trinity Industries by 89.5% in the 2nd quarter. CWM LLC now owns 8,878 shares of the transportation company’s stock valued at $240,000 after purchasing an additional 4,193 shares during the period. Concurrent Investment Advisors LLC bought a new stake in shares of Trinity Industries in the 2nd quarter valued at about $817,000. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of Trinity Industries in the 2nd quarter valued at about $43,000. 86.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Trinity Industries from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Susquehanna lowered their price target on shares of Trinity Industries from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, July 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Trinity Industries in a report on Friday. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Trinity Industries presently has an average rating of “Hold” and an average target price of $27.50.

Trinity Industries Stock Performance

Shares of NYSE:TRN opened at $28.21 on Friday. The company’s 50 day moving average price is $28.11 and its two-hundred day moving average price is $26.87. Trinity Industries, Inc. has a 12-month low of $22.38 and a 12-month high of $39.83. The firm has a market cap of $2.28 billion, a PE ratio of 24.74 and a beta of 1.52. 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 earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.12). Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The business had revenue of $506.20 million for the quarter, compared to analyst estimates of $589.96 million. During the same quarter in the previous year, the company earned $0.66 EPS. The business’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 predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Dividend Announcement

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

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.