Capital Investment Advisors LLC Takes Position in Trinity Industries, Inc. $TRN

Key Points

• Capital Investment Advisors LLC acquired a new stake in Trinity Industries, purchasing 9,559 shares valued at approximately $258,000 in the second quarter.
• Trinity Industries reported a loss in earnings per share of $0.19 for the last quarter, missing the consensus estimate by $0.12 and experiencing a 39.8% year-over-year revenue decline.
• The company has announced a quarterly dividend of $0.30 per share, resulting in a 4.3% yield, with a dividend payout ratio of 105.26%.

Capital Investment Advisors LLC acquired a new stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 9,559 shares of the transportation company's stock, valued at approximately $258,000.

Several other hedge funds also recently modified their holdings of the stock. Jennison Associates LLC grew its holdings in shares of Trinity Industries by 2.0% in the 1st quarter. Jennison Associates LLC now owns 3,661,394 shares of the transportation company's stock valued at $102,739,000 after acquiring an additional 73,160 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Trinity Industries by 15.9% in the 1st quarter. American Century Companies Inc. now owns 2,534,417 shares of the transportation company's stock valued at $71,116,000 after acquiring an additional 347,051 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Trinity Industries by 48.5% in the 1st quarter. Invesco Ltd. now owns 1,281,326 shares of the transportation company's stock valued at $35,954,000 after acquiring an additional 418,371 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Trinity Industries by 2.6% in the 1st quarter. Northern Trust Corp now owns 1,202,608 shares of the transportation company's stock valued at $33,745,000 after acquiring an additional 30,572 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Trinity Industries in the 1st quarter valued at about $22,940,000. Institutional investors own 86.57% of the company's stock.

Trinity Industries Trading Up 1.2%

Shares of TRN stock opened at $28.11 on Friday. The firm has a 50 day moving average price of $27.68 and a two-hundred day moving average price of $26.87. The company has a quick ratio of 1.01, a current ratio of 1.96 and a debt-to-equity ratio of 4.66. The company has a market capitalization of $2.27 billion, a PE ratio of 24.65 and a beta of 1.52. Trinity Industries, Inc. has a 12-month low of $22.38 and a 12-month high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $506.20 million for the quarter, compared to analyst estimates of $589.96 million. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The company's revenue was down 39.8% on a year-over-year basis. During the same quarter last year, the business earned $0.66 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. As a group, analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, October 15th. This represents a $1.20 annualized dividend and a yield of 4.3%. Trinity Industries's dividend payout ratio (DPR) is 105.26%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Trinity Industries from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Trinity Industries in a research note on Saturday, September 27th. Finally, Susquehanna cut their target price on shares of Trinity Industries from $26.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, July 29th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $27.50.

Trinity Industries Profile

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.

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