Trinity Industries (NYSE:TRN) Shares Gap Up – Still a Buy?

Trinity Industries, Inc. (NYSE:TRN)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $25.06, but opened at $25.92. Trinity Industries shares last traded at $25.0470, with a volume of 37,651 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TRN shares. Susquehanna restated a “neutral” rating and set a $23.00 price target on shares of Trinity Industries in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Trinity Industries in a report on Thursday. The Goldman Sachs Group set a $31.00 target price on shares of Trinity Industries and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Wall Street Zen upgraded shares of Trinity Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Trinity Industries has an average rating of “Hold” and an average target price of $27.00.

Trinity Industries Price Performance

The stock has a 50 day simple moving average of $27.46 and a 200-day simple moving average of $27.03. The firm has a market cap of $2.01 billion, a PE ratio of 22.05 and a beta of 1.52. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, October 30th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. The firm had revenue of $454.10 million during the quarter, compared to analysts’ expectations of $532.66 million. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The firm’s revenue was down 43.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.550-1.70 EPS. Equities analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, October 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.8%. Trinity Industries’s dividend payout ratio (DPR) is presently 105.26%.

Hedge Funds Weigh In On Trinity Industries

Several institutional investors have recently bought and sold shares of TRN. Strs Ohio bought a new stake in Trinity Industries in the 1st quarter valued at $25,000. Parkside Financial Bank & Trust grew its position in shares of Trinity Industries by 129.5% during the second quarter. Parkside Financial Bank & Trust now owns 1,058 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 597 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Trinity Industries by 75.4% in the second quarter. GAMMA Investing LLC now owns 1,114 shares of the transportation company’s stock worth $30,000 after purchasing an additional 479 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Trinity Industries by 117.4% in the third quarter. Hantz Financial Services Inc. now owns 1,287 shares of the transportation company’s stock worth $36,000 after buying an additional 695 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in Trinity Industries by 77.6% during the third quarter. Federated Hermes Inc. now owns 1,403 shares of the transportation company’s stock valued at $39,000 after buying an additional 613 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

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.