VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $573,000 Investment in Trinity Industries, Inc. $TRN

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Trinity Industries, Inc. (NYSE:TRN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 21,200 shares of the transportation company’s stock, valued at approximately $573,000.

Other large investors have also made changes to their positions in the company. Strs Ohio acquired a new stake in shares of Trinity Industries during the 1st quarter worth approximately $25,000. 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 worth $30,000 after acquiring an additional 479 shares in the last quarter. Headlands Technologies LLC boosted its position in shares of Trinity Industries by 3,418.2% during the 1st quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company’s stock worth $43,000 after acquiring an additional 1,504 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of Trinity Industries during the 2nd quarter worth approximately $43,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Trinity Industries by 97.4% during the 1st quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company’s stock worth $101,000 after acquiring an additional 1,778 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Susquehanna reduced their price target on shares of Trinity Industries from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 29th. Wall Street Zen upgraded shares of Trinity Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Trinity Industries in a research report on Friday. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Trinity Industries presently has an average rating of “Hold” and an average price target of $27.50.

Trinity Industries Price Performance

TRN stock opened at $28.21 on Friday. The company has a fifty day moving average price of $28.11 and a 200-day moving average price of $26.87. The company has a market capitalization of $2.28 billion, a P/E ratio of 24.74 and a beta of 1.52. Trinity Industries, Inc. has a 52-week low of $22.38 and a 52-week 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.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.12). The business had revenue of $506.20 million for the quarter, compared to the consensus estimate of $589.96 million. Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. Trinity Industries’s revenue was down 39.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 EPS. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. As a group, equities analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. Trinity Industries’s dividend payout ratio (DPR) 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.