Trinity Industries (TRN) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Trinity Industries in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TRN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRN, but not buy additional shares or sell existing shares.
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4 brokers have issued 1-year price objectives for Trinity Industries' shares. Their TRN share price forecasts range from $26.00 to $31.00. On average, they expect the company's share price to reach $29.00 in the next twelve months. This suggests a possible upside of 17.2% from the stock's current price.
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Trinity Industries' stock was trading at $29.57 at the beginning of the year. Since then, TRN shares have decreased by 16.3% and is now trading at $24.74.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our TRN earnings forecast.

Trinity Industries, Inc. (NYSE:TRN) issued its earnings results on Tuesday, August, 1st. The transportation company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by $0.09. The transportation company had revenue of $722 million for the quarter, compared to analysts' expectations of $626.30 million. Trinity Industries had a trailing twelve-month return on equity of 7.20% and a net margin of 3.20%. The company's revenue for the quarter was up 73.2% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS.

Trinity Industries announced a quarterly dividend on Wednesday, September 6th. Investors of record on Friday, October 13th will be given a dividend of $0.26 per share on Tuesday, October 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Thursday, October 12th. This is a boost from the stock's previous quarterly dividend of $0.01.
Read our dividend analysis for TRN.

ETFs with the largest weight of Trinity Industries (NYSE:TRN) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), ProShares Russell 2000 Dividend Growers ETF (SMDV) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).SPDR S&P 600 Small Cap ETF (SLY).

Trinity Industries (NYSE:TRN) pays an annual dividend of $1.04 per share and currently has a dividend yield of 4.10%. TRN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 110.64%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, TRN will have a dividend payout ratio of 57.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRN.

Shares of Trinity Industries split before market open on Friday, June 20th 2014. The 2-1 split was announced on Monday, May 5th 2014. The newly issued shares were payable to shareholders after the market closes on Thursday, June 19th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Trinity Industries declared that its board has authorized a stock repurchase plan on Thursday, December 8th 2022, which authorizes the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 10.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.

Trinity Industries updated its FY23 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of $1.35-$1.45 for the period, compared to the consensus earnings per share estimate of $1.51.

18 employees have rated Trinity Industries Chief Executive Officer Jean Savage on Glassdoor.com. Jean Savage has an approval rating of 77% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Trinity Industries investors own include Gilead Sciences (GILD), Alibaba Group (BABA), General Electric (GE), Bank of America (BAC), Walt Disney (DIS), Greenbrier Companies (GBX), Micron Technology (MU), Intel (INTC), Starbucks (SBUX) and Pfizer (PFE).

Trinity Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRN."

Trinity Industries' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.40%), Capital International Investors (10.60%), Dimensional Fund Advisors LP (7.28%), Jennison Associates LLC (5.64%), State Street Corp (3.62%) and Geode Capital Management LLC (1.93%). Insiders that own company stock include Brian D Madison, Gregory B Mitchell, Holdings LP Valueact, Jean Savage, John L Adams, Melendy E Lovett and Todd Maclin.
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Shares of TRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TRN stock can currently be purchased for approximately $24.74.

Trinity Industries (NYSE:TRN) has a market capitalization of $2.02 billion and generates $1.98 billion in revenue each year. The transportation company earns $60.10 million in net income (profit) each year or $0.94 on an earnings per share basis.

The company employs 9,215 workers across the globe.

Trinity Industries' mailing address is 2525 NORTH STEMMONS FREEWAY, DALLAS TX, 75207. The official website for the company is www.trin.net. The transportation company can be reached via phone at (214) 631-4420, via email at trinityinvestorrelations@trin.net, or via fax at 214-589-8824.