Trinity Industries (NYSE:TRN) Upgraded to Hold at Wall Street Zen

Key Points

• Trinity Industries was upgraded by Wall Street Zen from a "sell" to a "hold" rating, indicating a more cautious but optimistic outlook for the stock.
• Susquehanna has lowered its price target on Trinity stock from $26.00 to $24.00 while maintaining a "neutral" rating, reflecting concerns about the company's recent performance.
• Trinity reported a 39.8% decline in revenue year-over-year and posted earnings per share of $0.19, falling short of analysts' expectations of $0.31.

Wall Street Zen upgraded shares of Trinity Industries (NYSE:TRN - Free Report) from a sell rating to a hold rating in a report issued on Saturday.

Separately, Susquehanna cut their price objective on shares of Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $27.50.

Trinity Industries Trading Up 2.4%

NYSE:TRN traded up $0.68 during midday trading on Friday, reaching $28.57. 494,842 shares of the stock traded hands, compared to its average volume of 623,859. Trinity Industries has a 12 month low of $22.38 and a 12 month high of $39.83. The stock has a market capitalization of $2.31 billion, a P/E ratio of 25.06 and a beta of 1.53. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96. The company has a fifty day moving average of $27.40 and a 200 day moving average of $27.21.

Trinity Industries (NYSE:TRN - Get Free Report) last released 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 business had revenue of $506.20 million during 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%. The business's revenue was down 39.8% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. On average, research analysts predict that Trinity Industries will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.2%. Trinity Industries's dividend payout ratio (DPR) is presently 105.26%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new stake in Trinity Industries in the fourth quarter valued at approximately $434,000. Northern Trust Corp boosted its position in Trinity Industries by 33.6% in the 4th quarter. Northern Trust Corp now owns 1,172,036 shares of the transportation company's stock valued at $41,138,000 after buying an additional 295,054 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Trinity Industries during the 4th quarter worth approximately $225,000. AXA S.A. grew its holdings in Trinity Industries by 119.8% during the 4th quarter. AXA S.A. now owns 126,152 shares of the transportation company's stock worth $4,428,000 after acquiring an additional 68,752 shares in the last quarter. Finally, Centiva Capital LP increased its holdings in Trinity Industries by 12.7% in the fourth quarter. Centiva Capital LP now owns 10,106 shares of the transportation company's stock valued at $355,000 after buying an additional 1,142 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

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.