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Wednesday, December 6, 2023

Is Trinity Industries, Inc. (NYSE: TRN) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Trinity Industries, Inc. (TRN) shows that investor sentiment remained same, with the stock’s consolidated last price to $24.00. The Trinity Industries, Inc. has recorded 26,924 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Trinity Industries, Inc. Announces Third Quarter 2023 Results.

Stocks Info

This NYSE-listed company operates within the Railroads industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $24.00 and fluctuated between $24.27 as its day high and $23.15 as its day low. The current market capitalization of Trinity Industries, Inc. is $1.96B. A total of 0.62 million shares were traded on the day, compared to an average of 357.91K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, TRN has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 12,560 shares. Over the last 12 months, there were 17 BUYs and 11 SELLs from insiders. Insiders purchased 396,293 shares during that period but sold 133,089.

In the most recent transaction, Marchetto Eric R sold 11,765 shares of TRN for 25.00 per share on Sep 28. After the transaction, the EVP & CFO now owns 262,265 company shares. In a previous transaction on Mar 20, Savage Jean bought 4,300 shares at 23.19 per share. TRN shares that President & CEO owns now total 194,176.

Among the insiders who bought shares, MACLIN TODD acquired of 4,500 shares on Mar 17 at a per-share price of $21.19. This resulted in the Director holding 27,548 shares of TRN after the transaction. In another insider transaction, Savage Jean bought 4,485 shares at $22.29 per share on Mar 15. Company shares held by the President & CEO now total 189,876.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Trinity Industries, Inc. pays an annual dividend of $1.04, resulting in a dividend yield of 4.33%, and it has a price to earnings (P/E) ratio of 26.83. TRN’s most recent ex-dividend date was 10/12/2023 when it declared a $0.26 quarterly dividend that was paid in cash on 10/31/2023. Previously, the company paid the dividend on 7/31/2023 with an ex-dividend date of 7/13/2023. The TRN stock dividend was $0.01 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for TRN in the last 3 months, the mean price target is $30.00 with high estimates of $32.00 and low estimates of $26.00. In terms of 52-week highs and lows, TRN has a high of $31.68 and a low of $20.04.

As of this writing, TRN has an earnings estimate of $0.29 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.37 per share and a lower estimate of $0.17. The company reported an EPS of $0.07 in the last quarter, which was -72.00% lower than expectations of $0.25.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. TRN’s latest balance sheet shows that the firm has $167.30M in Cash & Short Term Investments as of fiscal 2021. There were $5.17B in debt and $513.80M in liabilities at the time. Its Book Value Per Share was $12.23, while its Total Shareholder’s Equity was $1.30B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TRN is Buy with a score of 4.20.

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