Bridgeway Capital Management LLC Trims Position in Trinity Industries, Inc. $TRN

Bridgeway Capital Management LLC cut its holdings in shares of Trinity Industries, Inc. (NYSE:TRNFree Report) by 6.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 525,122 shares of the transportation company’s stock after selling 33,819 shares during the quarter. Bridgeway Capital Management LLC owned 0.65% of Trinity Industries worth $13,884,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Capital International Investors raised its position in Trinity Industries by 65.1% during the 4th quarter. Capital International Investors now owns 8,927,843 shares of the transportation company’s stock worth $236,251,000 after buying an additional 3,518,796 shares during the last quarter. State Street Corp raised its position in Trinity Industries by 2.6% during the 4th quarter. State Street Corp now owns 3,106,755 shares of the transportation company’s stock worth $82,143,000 after buying an additional 79,332 shares during the last quarter. American Century Companies Inc. raised its position in Trinity Industries by 8.6% during the 3rd quarter. American Century Companies Inc. now owns 2,976,431 shares of the transportation company’s stock worth $83,459,000 after buying an additional 236,837 shares during the last quarter. Invesco Ltd. raised its position in Trinity Industries by 11.0% during the 2nd quarter. Invesco Ltd. now owns 1,421,839 shares of the transportation company’s stock worth $38,404,000 after buying an additional 140,513 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Trinity Industries by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,298,487 shares of the transportation company’s stock worth $34,332,000 after buying an additional 20,576 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings raised shares of Trinity Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Susquehanna raised their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price objective on shares of Trinity Industries in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $35.50.

View Our Latest Research Report on TRN

Trinity Industries Price Performance

Shares of NYSE TRN opened at $34.37 on Thursday. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 11.01 and a beta of 1.37. Trinity Industries, Inc. has a 12 month low of $22.38 and a 12 month high of $37.36. The firm’s 50 day simple moving average is $33.55 and its 200-day simple moving average is $31.22. The company has a debt-to-equity ratio of 4.70, a current ratio of 1.87 and a quick ratio of 0.94.

Trinity Industries (NYSE:TRNGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Trinity Industries had a net margin of 12.37% and a return on equity of 21.86%. The business had revenue of $492.00 million for the quarter, compared to analysts’ expectations of $538.87 million. During the same quarter last year, the company earned $0.29 EPS. The business’s revenue was down 16.0% on a year-over-year basis. Trinity Industries has set its FY 2026 guidance at 2.200-2.400 EPS. Analysts expect that Trinity Industries, Inc. will post 2.3 EPS for the current year.

Trinity Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, July 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.6%. Trinity Industries’s dividend payout ratio (DPR) is 39.74%.

About Trinity Industries

(Free Report)

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.

Read More

Want to see what other hedge funds are holding TRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trinity Industries, Inc. (NYSE:TRNFree Report).

Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

Receive News & Ratings for Trinity Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries and related companies with MarketBeat.com's FREE daily email newsletter.