Voya Investment Management LLC Reduces Stake in Trinity Industries, Inc. $TRN

Voya Investment Management LLC decreased its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 10.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,352 shares of the transportation company’s stock after selling 2,699 shares during the quarter. Voya Investment Management LLC’s holdings in Trinity Industries were worth $655,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Strs Ohio purchased a new stake in shares of Trinity Industries during the 1st quarter worth approximately $25,000. Headlands Technologies LLC lifted its position in Trinity Industries by 3,418.2% in the first quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 1,504 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Trinity Industries by 97.4% in the first quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company’s stock valued at $101,000 after acquiring an additional 1,778 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of Trinity Industries by 6.5% during the first quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company’s stock worth $205,000 after purchasing an additional 444 shares during the last quarter. Finally, Matrix Trust Co grew its holdings in shares of Trinity Industries by 60.2% during the first quarter. Matrix Trust Co now owns 7,888 shares of the transportation company’s stock worth $221,000 after purchasing an additional 2,965 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TRN. Susquehanna decreased their target price on Trinity Industries from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, July 29th. Wall Street Zen upgraded shares of Trinity Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Trinity Industries has an average rating of “Hold” and an average target price of $27.50.

Trinity Industries Trading Down 0.2%

NYSE:TRN opened at $27.77 on Friday. Trinity Industries, Inc. has a 12-month low of $22.38 and a 12-month high of $39.83. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66. The stock’s 50 day simple moving average is $27.49 and its 200-day simple moving average is $26.93. The firm has a market cap of $2.24 billion, a P/E ratio of 24.36 and a beta of 1.53.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.12). The company had revenue of $506.20 million for the quarter, compared to analyst estimates of $589.96 million. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.Trinity Industries’s revenue for the quarter was down 39.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. Equities analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Wednesday, October 15th. Trinity Industries’s payout ratio is 105.26%.

Trinity Industries 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.