Trinity Industries - TRN Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Trinity Industries in the last year. There are currently 1 hold 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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1 brokers have issued 12-month price targets for Trinity Industries' stock. Their TRN share price forecasts range from $27.00 to $27.00. On average, they predict the company's stock price to reach $27.00 in the next twelve months. This suggests a possible upside of 11.8% from the stock's current price.
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Trinity Industries' stock was trading at $30.20 at the beginning of 2022. Since then, TRN shares have decreased by 20.1% and is now trading at $24.14.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
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Trinity Industries, Inc. (NYSE:TRN) issued its quarterly earnings results on Wednesday, July, 27th. The transportation company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The transportation company earned $416.80 million during the quarter, compared to the consensus estimate of $586.57 million. Trinity Industries had a net margin of 9.06% and a trailing twelve-month return on equity of 3.74%. The business's revenue was up 42.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS.

Trinity Industries announced a quarterly dividend on Wednesday, September 7th. Shareholders of record on Friday, October 14th will be paid a dividend of $0.23 per share on Monday, October 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.81%.
Read our dividend analysis for TRN.

Trinity Industries (NYSE:TRN) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.90%. 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 53.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRN will have a dividend payout ratio of 44.88% next year. This indicates that the company will be able to sustain or increase its dividend.
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Trinity Industries shares split on the morning of Friday, June 20th 2014. The 2-1 split was announced on Monday, May 5th 2014. The newly minted shares were distributed 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 initiated a share buyback program on Wednesday, September 8th 2021, which authorizes the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Trinity Industries issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $0.90-$1.10 for the period, compared to the consensus earnings per share estimate of $0.99. 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 shareholders include Jennison Associates LLC (4.21%), State Street Corp (3.24%), Gamco Investors INC. ET AL (1.30%), Truist Financial Corp (1.27%), Northern Trust Corp (1.06%) and Victory Capital Management Inc. (1.00%). Insiders that own company stock include Brandon B Boze, 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 $24.14.

Trinity Industries (NYSE:TRN) has a market capitalization of $1.98 billion and generates $1.52 billion in revenue each year. The transportation company earns $182 million in net income (profit) each year or $1.73 on an earnings per share basis.

The company employs 2,000 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.