Trinity Industries (NYSE:TRN) Sees Unusually-High Trading Volume – What’s Next?
by Kim Johansen · The Markets DailyTrinity Industries, Inc. (NYSE:TRN – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 2,992,942 shares were traded during trading, an increase of 285% from the previous session’s volume of 777,883 shares.The stock last traded at $27.3160 and had previously closed at $27.48.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Trinity Industries in a research note on Monday, December 29th. Susquehanna reiterated a “neutral” rating and issued a $23.00 price objective on shares of Trinity Industries in a research note on Friday, October 31st. Finally, The Goldman Sachs Group set a $31.00 price objective on Trinity Industries and gave the stock a “neutral” rating in a research report on Friday, October 31st. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.00.
View Our Latest Research Report on TRN
Trinity Industries Stock Down 0.4%
The firm has a 50-day moving average price of $27.14 and a two-hundred day moving average price of $27.44. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 24.00 and a beta of 1.46. The company has a debt-to-equity ratio of 4.75, a quick ratio of 0.80 and a current ratio of 1.88.
Trinity Industries (NYSE:TRN – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. Trinity Industries had a net margin of 4.39% and a return on equity of 8.18%. The company had revenue of $454.10 million for the quarter, compared to analyst estimates of $532.66 million. During the same period in the prior year, the firm posted $0.43 earnings per share. The firm’s revenue was down 43.2% on a year-over-year basis. Trinity Industries has set its FY 2025 guidance at 1.550-1.70 EPS. On average, sell-side analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.
Trinity Industries Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 4.5%. This is a boost from Trinity Industries’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, January 15th. Trinity Industries’s dividend payout ratio is presently 108.77%.
Institutional Trading of Trinity Industries
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ellsworth Advisors LLC boosted its position in shares of Trinity Industries by 15.2% in the 4th quarter. Ellsworth Advisors LLC now owns 47,929 shares of the transportation company’s stock valued at $1,317,000 after purchasing an additional 6,332 shares during the period. Fiduciary Financial Group LLC increased its position in Trinity Industries by 3.4% during the fourth quarter. Fiduciary Financial Group LLC now owns 14,014 shares of the transportation company’s stock worth $371,000 after buying an additional 465 shares during the period. SG Americas Securities LLC lifted its stake in Trinity Industries by 16.5% in the fourth quarter. SG Americas Securities LLC now owns 31,495 shares of the transportation company’s stock valued at $833,000 after buying an additional 4,466 shares during the last quarter. Farmers Trust Co. acquired a new stake in shares of Trinity Industries in the fourth quarter valued at approximately $581,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Trinity Industries during the third quarter worth approximately $57,000. Institutional investors and hedge funds own 86.57% of the company’s stock.
About Trinity Industries
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.