Orchard Capital Management LLC grew its stake in shares of Trinity Industries, Inc. (NYSE:TRN – Free Report) by 55.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,836 shares of the transportation company’s stock after acquiring an additional 26,978 shares during the quarter. Trinity Industries comprises about 1.8% of Orchard Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Orchard Capital Management LLC’s holdings in Trinity Industries were worth $2,126,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. Strs Ohio bought a new position in Trinity Industries during the first quarter valued at approximately $25,000. Parkside Financial Bank & Trust grew its position in Trinity Industries by 129.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,058 shares of the transportation company’s stock worth $29,000 after purchasing an additional 597 shares during the period. Hantz Financial Services Inc. raised its stake in Trinity Industries by 117.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,287 shares of the transportation company’s stock valued at $36,000 after buying an additional 695 shares during the last quarter. Federated Hermes Inc. raised its stake in Trinity Industries by 77.6% during the 3rd 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. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Trinity Industries by 47.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the transportation company’s stock valued at $57,000 after buying an additional 676 shares during the period. 86.57% of the stock is currently owned by institutional investors.
Trinity Industries Price Performance
NYSE TRN opened at $33.15 on Friday. The business’s fifty day moving average is $30.27 and its 200 day moving average is $28.49. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $35.62. The company has a debt-to-equity ratio of 4.75, a quick ratio of 1.08 and a current ratio of 1.90. The company has a market capitalization of $2.65 billion, a PE ratio of 10.76 and a beta of 1.42.
Trinity Industries Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, April 15th. This represents a $1.24 dividend on an annualized basis and a yield of 3.7%. Trinity Industries’s dividend payout ratio (DPR) is presently 40.26%.
Wall Street Analyst Weigh In
Several brokerages recently commented on TRN. Susquehanna set a $34.00 price objective on Trinity Industries and gave the stock a “neutral” rating in a report on Friday, February 13th. Wall Street Zen raised Trinity Industries from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trinity Industries in a research report on Monday, December 29th. Finally, The Goldman Sachs Group set a $33.00 price objective on shares of Trinity Industries and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $33.50.
Check Out Our Latest Report on Trinity Industries
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.
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