Insider Selling: Trinity Industries (NYSE:TRN) EVP Sells $502,350.00 in Stock

Trinity Industries, Inc. (NYSE:TRN) EVP Kevin Poet sold 17,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $29.55, for a total value of $502,350.00. Following the sale, the executive vice president owned 69,225 shares in the company, valued at $2,045,598.75. The trade was a 19.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trinity Industries Stock Performance

Shares of NYSE:TRN opened at $29.25 on Friday. Trinity Industries, Inc. has a twelve month low of $24.76 and a twelve month high of $38.31. The firm has a market cap of $2.33 billion, a PE ratio of 7.05 and a beta of 1.37. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.91 and a current ratio of 1.89. The business has a fifty day moving average of $33.31 and a 200-day moving average of $33.17.

Institutional Investors Weigh In On Trinity Industries

A number of institutional investors and hedge funds have recently made changes to their positions in TRN. Strs Ohio acquired a new position in shares of Trinity Industries during the first quarter valued at $25,000. Northwestern Mutual Wealth Management Co. increased its position in Trinity Industries by 94.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,016 shares of the transportation company’s stock worth $27,000 after purchasing an additional 494 shares during the period. Whittier Trust Co. raised its holdings in Trinity Industries by 880.7% during the 1st quarter. Whittier Trust Co. now owns 863 shares of the transportation company’s stock worth $28,000 after purchasing an additional 775 shares during the last quarter. Nykredit A S bought a new stake in Trinity Industries during the 2nd quarter worth about $31,000. Finally, Smartleaf Asset Management LLC lifted its position in Trinity Industries by 24.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,538 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 298 shares during the period. Institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

TRN has been the subject of several research reports. Wall Street Zen cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings lowered shares of Trinity Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Finally, Susquehanna decreased their price target on shares of Trinity Industries from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Trinity Industries currently has a consensus rating of “Hold” and a consensus target price of $35.00.

About Trinity Industries

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.