Truist Financial Corp Has $21.81 Million Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Truist Financial Corp reduced its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 820,196 shares of the transportation company's stock after selling 73,018 shares during the quarter. Truist Financial Corp owned approximately 1.00% of Trinity Industries worth $21,809,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank increased its holdings in Trinity Industries by 61.8% in the third quarter. Huntington National Bank now owns 1,382 shares of the transportation company's stock worth $34,000 after buying an additional 528 shares during the last quarter. Twelve Points Wealth Management LLC grew its position in Trinity Industries by 1.7% in the fourth quarter. Twelve Points Wealth Management LLC now owns 32,051 shares of the transportation company's stock worth $852,000 after acquiring an additional 528 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Trinity Industries by 7.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,969 shares of the transportation company's stock worth $451,000 after purchasing an additional 1,235 shares during the last quarter. Ramirez Asset Management Inc. bought a new position in shares of Trinity Industries during the 3rd quarter valued at $32,000. Finally, Swiss National Bank lifted its stake in shares of Trinity Industries by 1.0% in the 3rd quarter. Swiss National Bank now owns 169,500 shares of the transportation company's stock valued at $4,127,000 after purchasing an additional 1,700 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Stock Performance

TRN stock traded down $1.08 during midday trading on Tuesday, hitting $25.98. 852,574 shares of the company traded hands, compared to its average volume of 499,606. Trinity Industries, Inc. has a twelve month low of $20.04 and a twelve month high of $28.86. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 20.62 and a beta of 1.39. The company has a quick ratio of 0.78, a current ratio of 1.91 and a debt-to-equity ratio of 4.51. The business has a 50 day simple moving average of $26.40 and a 200-day simple moving average of $25.46.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its earnings results on Thursday, February 22nd. The transportation company reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.16. The business had revenue of $797.90 million for the quarter, compared to analyst estimates of $749.25 million. Trinity Industries had a net margin of 3.55% and a return on equity of 9.29%. Trinity Industries's revenue was up 35.0% compared to the same quarter last year. During the same period last year, the business posted $0.44 EPS. As a group, equities research analysts predict that Trinity Industries, Inc. will post 1.46 earnings per share for the current year.

Trinity Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $0.28 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.31%. Trinity Industries's payout ratio is presently 88.89%.

Insider Buying and Selling

In other Trinity Industries news, CFO Eric R. Marchetto sold 9,781 shares of the firm's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total value of $273,868.00. Following the sale, the chief financial officer now owns 233,704 shares of the company's stock, valued at approximately $6,543,712. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Susquehanna cut their target price on Trinity Industries from $32.00 to $30.00 and set a "positive" rating on the stock in a report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.00.

Trinity Industries Company 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.