Petrus Trust Company LTA Invests $452,000 in Trinity Industries, Inc. $TRN

Petrus Trust Company LTA acquired a new position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 16,110 shares of the transportation company's stock, valued at approximately $452,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC grew its stake in 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 purchasing an additional 1,504 shares in the last quarter. Russell Investments Group Ltd. increased its position in Trinity Industries by 97.4% in the 1st quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company's stock valued at $101,000 after acquiring an additional 1,778 shares during the period. Stephens Inc. AR increased its position in Trinity Industries by 6.5% in the 1st quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock valued at $205,000 after acquiring an additional 444 shares during the period. Matrix Trust Co increased its position in Trinity Industries by 60.2% during the 1st quarter. Matrix Trust Co now owns 7,888 shares of the transportation company's stock worth $221,000 after purchasing an additional 2,965 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Trinity Industries in the 4th quarter worth approximately $225,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Susquehanna reduced their price target on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 29th. Wall Street Zen raised Trinity Industries from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $27.50.

Trinity Industries Stock Performance

Shares of NYSE:TRN traded down $0.27 on Friday, hitting $28.30. 145,743 shares of the company were exchanged, compared to its average volume of 612,091. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 24.83 and a beta of 1.53. The company's 50 day moving average price is $27.45 and its two-hundred day moving average price is $27.08. Trinity Industries, Inc. has a one year low of $22.38 and a one year 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 - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.12). Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The firm had revenue of $506.20 million for the quarter, compared to the consensus estimate of $589.96 million. During the same period in the prior year, the company posted $0.66 earnings per share. Trinity Industries's quarterly revenue was down 39.8% compared to the same quarter last year. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. Research analysts expect 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. Stockholders of record on Wednesday, October 15th will be given 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 4.2%. Trinity Industries's dividend payout ratio is currently 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.