Trinity Industries, Inc. $TRN Shares Purchased by Granite Investment Partners LLC

Granite Investment Partners LLC grew its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 44.7% during the 2nd quarter, Holdings Channel reports. The firm owned 726,584 shares of the transportation company’s stock after purchasing an additional 224,578 shares during the period. Trinity Industries comprises 1.0% of Granite Investment Partners LLC’s investment portfolio, making the stock its 29th largest position. Granite Investment Partners LLC’s holdings in Trinity Industries were worth $19,625,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TRN. Strs Ohio acquired a new position in Trinity Industries during the first quarter worth about $25,000. Parkside Financial Bank & Trust boosted its position in shares of Trinity Industries by 129.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,058 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 597 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Trinity Industries by 75.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,114 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 479 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of Trinity Industries by 3,418.2% in the 1st quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company’s stock worth $43,000 after purchasing an additional 1,504 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of Trinity Industries in the 2nd quarter worth approximately $43,000. Institutional investors own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TRN shares. Weiss Ratings restated a “hold (c)” rating on shares of Trinity Industries in a report on Wednesday, November 19th. Susquehanna reaffirmed a “neutral” rating and set a $23.00 target price on shares of Trinity Industries in a research report on Friday, October 31st. Wall Street Zen raised Trinity Industries from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Finally, The Goldman Sachs Group set a $31.00 price target on Trinity Industries and gave the stock a “neutral” rating in a research note on Friday, October 31st. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.00.

Trinity Industries Stock Down 0.5%

Trinity Industries stock opened at $26.39 on Tuesday. Trinity Industries, Inc. has a twelve month low of $22.38 and a twelve month high of $39.83. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96. The firm has a market cap of $2.12 billion, a PE ratio of 23.15 and a beta of 1.52. The firm’s 50 day moving average price is $27.02 and its two-hundred day moving average price is $27.06.

Trinity Industries (NYSE:TRN) last posted 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 3.83% and a return on equity of 8.49%. The business had revenue of $454.10 million for the quarter, compared to analysts’ expectations of $532.66 million. During the same period in the previous year, the company posted $0.43 EPS. Trinity Industries’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, research analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, October 15th. Trinity Industries’s dividend payout ratio is presently 105.26%.

About Trinity Industries

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.