Trinity Industries (NYSE:TRN) Given Hold (C-) Rating at Weiss Ratings

Key Points

• Trinity Industries received a "hold (C-)" rating from Weiss Ratings, maintaining a consensus "Hold" rating with an average target price of $27.50.
• The company's earnings report revealed an EPS of $0.19, missing the consensus estimate of $0.31, and a revenue decline of 39.8% year-over-year.
• Trinity Industries' stock increased by 1.9% to $28.09, with a market cap of $2.27 billion and an average trading volume of 603,364 shares.

Trinity Industries (NYSE:TRN - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

TRN has been the subject of several other reports. Wall Street Zen upgraded Trinity Industries from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Susquehanna lowered their price objective on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, July 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $27.50.

Trinity Industries Stock Up 1.9%

Trinity Industries stock traded up $0.53 on Wednesday, hitting $28.09. 354,811 shares of the stock traded hands, compared to its average volume of 603,364. Trinity Industries has a 1 year low of $22.38 and a 1 year high of $39.83. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66. The business's fifty day simple moving average is $27.76 and its 200 day simple moving average is $26.83. The firm has a market cap of $2.27 billion, a P/E ratio of 24.64 and a beta of 1.52.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its 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 firm had revenue of $506.20 million during the quarter, compared to analysts' expectations 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 for the quarter was down 39.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. As a group, sell-side analysts forecast that Trinity Industries will post 1.65 earnings per share for the current year.

Institutional Investors Weigh In On Trinity Industries

A number of large investors have recently bought and sold shares of TRN. Wealth Enhancement Advisory Services LLC acquired a new stake in Trinity Industries during the 4th quarter worth $241,000. GAMMA Investing LLC raised its position in shares of Trinity Industries by 1,303.0% in the first quarter. GAMMA Investing LLC now owns 17,818 shares of the transportation company's stock valued at $500,000 after buying an additional 16,548 shares in the last quarter. Rhumbline Advisers raised its position in shares of Trinity Industries by 0.9% in the first quarter. Rhumbline Advisers now owns 253,749 shares of the transportation company's stock valued at $7,120,000 after buying an additional 2,334 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Trinity Industries by 5,200.7% during the first quarter. Harbor Capital Advisors Inc. now owns 23,323 shares of the transportation company's stock valued at $654,000 after purchasing an additional 22,883 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Trinity Industries during the first quarter worth $404,000. 86.57% of the stock is currently owned by institutional investors.

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.

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