Trinity Industries (NYSE:TRN) Issues Earnings Results

Trinity Industries (NYSE:TRN) issued its quarterly earnings results on Thursday. The transportation company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.01, Briefing.com reports. Trinity Industries had a return on equity of 8.18% and a net margin of 4.39%.The business’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. Trinity Industries updated its FY 2026 guidance to 1.850-2.100 EPS.

Here are the key takeaways from Trinity Industries’ conference call:

• Trinity delivered strong 2025 results with EPS of $3.14 (up 73% YoY) and an adjusted ROE of 24.4%, which management says reflects resilient leasing cash flows, disciplined secondary-market activity, and manufacturing cost actions.
• A strategic railcar partnership restructuring with Napier Park generated a $194 million non‑cash gain in Q4, simplified ownership (adding ~6,235 fully owned cars), reduced minority interest, and management says it increases transparency and economic flexibility.
• Leasing fundamentals remain strong—fleet utilization was 97.1%, renewal success ~73% in Q4, and renewals were ~27% higher than expiring rates—supporting management’s view of durable, growing lease cash flows.
• 2026 guidance is notably lower than 2025, with EPS forecast at $1.85–$2.10 and industry deliveries expected to be ~25,000 cars (below replacement), signaling a challenging near‑term manufacturing backdrop despite planned gains and cost actions.
• Management highlights embedded asset upside—~101,000 railcars on the balance sheet at $6.3 billion cost with an estimated market value ~35%–45% above carrying value—providing optionality to hold for lease yield or sell for gains.

Trinity Industries Stock Up 10.3%

Shares of NYSE TRN traded up $3.26 during trading on Thursday, hitting $34.94. The stock had a trading volume of 897,294 shares, compared to its average volume of 946,520. The firm has a fifty day moving average of $28.22 and a two-hundred day moving average of $27.61. The company has a market capitalization of $2.80 billion, a PE ratio of 30.68 and a beta of 1.48. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.88 and a quick ratio of 0.80. Trinity Industries has a 12 month low of $22.38 and a 12 month high of $36.04.

Trinity Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $1.24 dividend on an annualized basis and a yield of 3.5%. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.30. Trinity Industries’s payout ratio is presently 108.77%.

Analysts Set New Price Targets

TRN has been the topic of several research analyst reports. Susquehanna set a $28.00 target price on shares of Trinity Industries and gave the stock a “neutral” rating in a research note on Monday, January 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Trinity Industries in a report on Monday, December 29th. Finally, The Goldman Sachs Group set a $31.00 price objective on shares of Trinity Industries and gave the stock a “neutral” rating in a research report on Friday, October 31st. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Trinity Industries presently has an average rating of “Hold” and an average price target of $29.50.

Institutional Investors Weigh In On Trinity Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in shares of 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 in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of 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 valued at $30,618,000 after acquiring an additional 368,604 shares in the last quarter. Bank of America Corp DE increased its position in shares of Trinity Industries by 45.7% during the third quarter. Bank of America Corp DE now owns 1,126,002 shares of the transportation company’s stock valued at $31,573,000 after acquiring an additional 353,354 shares during the last quarter. Millennium Management LLC lifted its holdings in Trinity Industries by 53.8% during the third quarter. Millennium Management LLC now owns 1,074,276 shares of the transportation company’s stock worth $30,123,000 after acquiring an additional 375,788 shares during the period. Finally, Qube Research & Technologies Ltd boosted its position in Trinity Industries by 43.1% in the second quarter. Qube Research & Technologies Ltd now owns 966,334 shares of the transportation company’s stock worth $26,101,000 after purchasing an additional 290,847 shares during the last quarter. Hedge funds and other institutional investors 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.