SRH Advisors LLC Lowers Stock Position in Trinity Industries, Inc. $TRN

SRH Advisors LLC lowered its position in Trinity Industries, Inc. (NYSE:TRN) by 35.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,250 shares of the transportation company’s stock after selling 700 shares during the period. SRH Advisors LLC’s holdings in Trinity Industries were worth $34,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC increased its holdings in Trinity Industries by 2.0% during the first quarter. Jennison Associates LLC now owns 3,661,394 shares of the transportation company’s stock worth $102,739,000 after buying an additional 73,160 shares during the last quarter. American Century Companies Inc. increased its holdings in Trinity Industries by 15.9% during the first quarter. American Century Companies Inc. now owns 2,534,417 shares of the transportation company’s stock worth $71,116,000 after buying an additional 347,051 shares during the last quarter. Invesco Ltd. increased its holdings in Trinity Industries by 48.5% during the first quarter. Invesco Ltd. now owns 1,281,326 shares of the transportation company’s stock worth $35,954,000 after buying an additional 418,371 shares during the last quarter. Northern Trust Corp increased its holdings in Trinity Industries by 2.6% during the first quarter. Northern Trust Corp now owns 1,202,608 shares of the transportation company’s stock worth $33,745,000 after buying an additional 30,572 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Trinity Industries during the first quarter worth about $22,940,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Trinity Industries in a report on Saturday, September 27th. Susquehanna cut 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 report on Tuesday, July 29th. 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 research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.50.

Trinity Industries Price Performance

TRN stock opened at $28.11 on Monday. Trinity Industries, Inc. has a 12 month low of $22.38 and a 12 month high of $39.83. The firm has a market capitalization of $2.27 billion, a P/E ratio of 24.65 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. The firm has a 50 day moving average of $27.68 and a 200-day moving average of $26.84.

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 the consensus estimate of $0.31 by ($0.12). Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The company had revenue of $506.20 million for the quarter, compared to the consensus estimate of $589.96 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The company’s revenue for the quarter was down 39.8% compared to the same quarter last year. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. As a group, sell-side analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

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