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 brokerages have issued 12 month target prices for Trinity Industries' shares. Their TRN share price forecasts range from $22.00 to $30.00. On average, they predict the company's stock price to reach $27.00 in the next year. This suggests a possible upside of 18.5% from the stock's current price.
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Trinity Industries' stock was trading at $29.57 at the beginning of 2023. Since then, TRN stock has decreased by 23.0% and is now trading at $22.78.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our TRN earnings forecast.

Trinity Industries, Inc. (NYSE:TRN) announced its quarterly earnings data on Tuesday, May, 2nd. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by $0.25. The transportation company earned $641.70 million during the quarter, compared to the consensus estimate of $654.63 million. Trinity Industries had a trailing twelve-month return on equity of 6.61% and a net margin of 3.04%. The business's revenue for the quarter was up 35.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share.

Trinity Industries declared a quarterly dividend on Tuesday, May 9th. Stockholders of record on Friday, July 14th will be given a dividend of $0.01 per share on Monday, July 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Thursday, July 13th.
Read our dividend analysis for TRN.

ETFs with the largest weight of Trinity Industries (NYSE:TRN) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), ProShares Russell 2000 Dividend Growers ETF (SMDV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS),

Trinity Industries (NYSE:TRN) pays an annual dividend of $1.04 per share and currently has a dividend yield of 4.92%. 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 133.33%. 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 60.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRN.

Trinity Industries's stock 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 issued 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 share repurchase program on Thursday, December 8th 2022, which authorizes the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 10.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Trinity Industries updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $1.50-$1.70 for the period, compared to the consensus EPS estimate of $1.64. The company issued revenue guidance of -.

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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.60%), Dimensional Fund Advisors LP (7.35%), Jennison Associates LLC (5.52%), State Street Corp (3.66%), Geode Capital Management LLC (1.91%) and Bank of New York Mellon Corp (1.51%). 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 $22.78.

Trinity Industries (NYSE:TRN) has a market capitalization of $1.85 billion and generates $1.98 billion in revenue each year. The transportation company earns $60.10 million in net income (profit) each year or $0.78 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.