Trinity Industries, Inc. (TRN) To Go Ex-Dividend on January 15th

Trinity Industries, Inc. (NYSE:TRN) declared a quarterly dividend on Wednesday, December 3rd. Shareholders of record on Thursday, January 15th will be given a dividend of 0.31 per share by the transportation company on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, January 15th. This is a 3.3% increase from Trinity Industries’s previous quarterly dividend of $0.30.

Trinity Industries has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 16 consecutive years. Trinity Industries has a dividend payout ratio of 70.6% meaning its dividend is sufficiently covered by earnings.

Trinity Industries Trading Up 1.9%

Shares of TRN opened at $27.64 on Friday. Trinity Industries has a fifty-two week low of $22.38 and a fifty-two week high of $39.83. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 24.25 and a beta of 1.48. The firm has a 50 day moving average price of $26.97 and a 200-day moving average price of $27.06. The company has a debt-to-equity ratio of 4.75, a quick ratio of 0.80 and a current ratio of 1.88.

Trinity Industries (NYSE:TRN) last issued its earnings results on Thursday, October 30th. The transportation company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $454.10 million for the quarter, compared to analysts’ expectations of $532.66 million. Trinity Industries had a net margin of 4.39% and a return on equity of 8.18%. The firm’s revenue was down 43.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. Trinity Industries has set its FY 2025 guidance at 1.550-1.70 EPS. As a group, equities research analysts forecast that Trinity Industries will post 1.65 earnings per share for the current year.

Institutional Investors Weigh In On Trinity Industries

Large investors have recently made changes to their positions in the business. Strs Ohio bought a new position in shares of Trinity Industries during the first quarter valued at approximately $25,000. Parkside Financial Bank & Trust increased its position in Trinity Industries by 129.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,058 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 597 shares during the period. GAMMA Investing LLC raised its holdings in Trinity Industries by 75.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,114 shares of the transportation company’s stock worth $30,000 after purchasing an additional 479 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Trinity Industries by 117.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,287 shares of the transportation company’s stock worth $36,000 after purchasing an additional 695 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Trinity Industries by 77.6% in the 3rd quarter. Federated Hermes Inc. now owns 1,403 shares of the transportation company’s stock worth $39,000 after purchasing an additional 613 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Company 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.