Granite Investment Partners LLC Sells 21,309 Shares of Trinity Industries, Inc. $TRN

Granite Investment Partners LLC decreased its holdings in Trinity Industries, Inc. (NYSE:TRN) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 381,728 shares of the transportation company’s stock after selling 21,309 shares during the period. Granite Investment Partners LLC owned about 0.48% of Trinity Industries worth $12,284,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital International Investors grew its stake in shares of Trinity Industries by 65.1% in the fourth quarter. Capital International Investors now owns 8,927,843 shares of the transportation company’s stock worth $236,251,000 after acquiring an additional 3,518,796 shares during the period. Bridgeway Capital Management LLC bought a new position in Trinity Industries during the third quarter valued at approximately $15,673,000. Millennium Management LLC boosted its holdings in Trinity Industries by 329.2% in the first quarter. Millennium Management LLC now owns 637,990 shares of the transportation company’s stock worth $17,902,000 after purchasing an additional 489,348 shares during the last quarter. Bank of America Corp DE boosted its holdings in Trinity Industries by 99.9% in the second quarter. Bank of America Corp DE now owns 772,648 shares of the transportation company’s stock worth $20,869,000 after purchasing an additional 386,102 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Trinity Industries by 46.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,158,014 shares of the transportation company’s stock worth $30,618,000 after purchasing an additional 368,604 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Performance

Shares of NYSE TRN opened at $34.16 on Thursday. Trinity Industries, Inc. has a 12-month low of $22.38 and a 12-month high of $37.36. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 10.95 and a beta of 1.36. The company has a current ratio of 1.87, a quick ratio of 0.94 and a debt-to-equity ratio of 4.70. The firm has a 50 day moving average of $34.15 and a 200 day moving average of $31.97.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. The business had revenue of $492.00 million for the quarter, compared to the consensus estimate of $538.87 million. Trinity Industries had a net margin of 12.37% and a return on equity of 21.86%. The company’s quarterly revenue was down 16.0% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. Trinity Industries has set its FY 2026 guidance at 2.200-2.400 EPS. On average, research analysts anticipate that Trinity Industries, Inc. will post 2.3 earnings per share for the current year.

Trinity Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.