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NYSE:TRN

Trinity Industries (TRN) Stock Forecast, Price & News

$24.81
+0.22 (+0.89%)
(As of 09/27/2023 ET)
Compare
Today's Range
$24.58
$25.02
50-Day Range
$23.38
$26.87
52-Week Range
$20.07
$31.68
Volume
306,701 shs
Average Volume
416,322 shs
Market Capitalization
$2.03 billion
P/E Ratio
26.39
Dividend Yield
4.19%
Price Target
$29.00

Trinity Industries MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
16.9% Upside
$29.00 Price Target
Short Interest
Bearish
1.92% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.79
Upright™ Environmental Score
News Sentiment
1.07mentions of Trinity Industries in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
35.07%
From $1.34 to $1.81 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.43 out of 5 stars

Transportation Sector

51st out of 114 stocks

Railroad Equipment Industry

1st out of 4 stocks


TRN stock logo

About Trinity Industries (NYSE:TRN) Stock

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. As of December 31, 2022, it had a fleet of 108,440 railcars. This segment serves industrial shipper and railroad companies operating in agriculture, construction and metals, consumer products, energy, and refined products and chemicals markets. The Rail Products Group segment manufactures freight and tank railcars for transporting various liquids, gases, and dry cargo; and offers railcar maintenance and modification services. This segment serves railroads, leasing companies, and industrial shippers of products in the agriculture, construction and metals, consumer products, energy, and refined products and chemicals markets. It sells or leases products and services through its own sales personnel and independent sales representatives. Trinity Industries, Inc. was incorporated in 1933 and is headquartered in Dallas, Texas.

TRN Price History

TRN Stock News Headlines

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These are the three stocks pumping out growth left and right, which is exactly what markets are looking for in this lackluster economy.
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This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Trinity Industries Vs. 20-Year Bonds
Trinity Industries, Inc. (TTA.F)
Trinity Industries Q2 Earnings: Rolling Along
TD Cowen Reaffirms Their Buy Rating on Trinity Industries (TRN)
Q2 2023 Trinity Industries Inc Earnings Call
Trinity Industries Q2 Profit Increases, but misses estimates
Ryder (R) Q2 Earnings Surpass Estimates
See More Headlines
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TRN Company Calendar

Ex-Dividend for 7/31 Dividend
7/13/2023
Dividend Payable
7/31/2023
Last Earnings
8/01/2023
Today
9/27/2023
Ex-Dividend for 10/31 Dividend
10/12/2023
Next Earnings (Estimated)
10/24/2023
Dividend Payable
10/31/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Railroad equipment
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
89652210
Employees
9,215
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.00
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+17.2%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$60.10 million
Pretax Margin
5.20%

Debt

Sales & Book Value

Annual Sales
$1.98 billion
Cash Flow
$4.27 per share
Book Value
$15.60 per share

Miscellaneous

Free Float
80,872,000
Market Cap
$2.02 billion
Optionable
Optionable
Beta
1.42
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Key Executives

  • Ms. E. Jean Savage (Age 59)
    Pres, CEO & Director
    Comp: $1.73M
  • Mr. Eric R. Marchetto (Age 53)
    Exec. VP & CFO
    Comp: $959.25k
  • Mr. Kevin Poet (Age 56)
    Exec. VP of Operations & Support Services
    Comp: $723.25k
  • Mr. Gregory B. Mitchell (Age 57)
    Exec. VP & Chief Commercial Officer
    Comp: $736.77k
  • Mr. Steven L. McDowell (Age 61)
    VP & Chief Accounting Officer
  • Heidi Cox
    Chief Information Officer
  • Ms. Leigh Anne Mann
    VP of Investor Relations
  • Mr. Scott Ewing
    VP & Interim Gen. Counsel
  • Matt Pittman
    Chief Compliance Officer
  • Mr. R. Mark Cox (Age 55)
    Exec. VP of Corp. Devel.













TRN Stock - Frequently Asked Questions

Should I buy or sell Trinity Industries stock right now?

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.
View TRN analyst ratings
or view top-rated stocks.

What is Trinity Industries' stock price forecast for 2023?

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.
View analysts price targets for TRN
or view top-rated stocks among Wall Street analysts.

How have TRN shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Trinity Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our TRN earnings forecast
.

How were Trinity Industries' earnings last quarter?

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.

How often does Trinity Industries pay dividends? What is the dividend yield for Trinity Industries?

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
.

Is Trinity Industries a good dividend stock?

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.

When did Trinity Industries' stock split?

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.

How will Trinity Industries' stock buyback program work?

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.

What guidance has Trinity Industries issued on next quarter's earnings?

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.

What is Jean Savage's approval rating as Trinity Industries' CEO?

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.

What other stocks do shareholders of Trinity Industries own?

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).

What is Trinity Industries' stock symbol?

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

Who are Trinity Industries' major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of Trinity Industries?

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.
Compare Top Brokerages Here.

What is Trinity Industries' stock price today?

One share of TRN stock can currently be purchased for approximately $24.74.

How much money does Trinity Industries make?

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.

How many employees does Trinity Industries have?

The company employs 9,215 workers across the globe.

How can I contact Trinity Industries?

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.

This page (NYSE:TRN) was last updated on 9/27/2023 by MarketBeat.com Staff

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