The Question Is Whether To Buy Or Not To Buy Trinity Industries, Inc. (NYSE: TRN)

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Trinity Industries, Inc. Declares Quarterly Dividend.

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Stocks Info

Trinity Industries, Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Railroads industry. At the end of the last regular session, the stock closed at $27.85 and fluctuated between $28.22 as its day high and $27.72 as its day low. The current market capitalization of Trinity Industries, Inc. is $2.28B. A total of 0.64 million shares were traded on the day, compared to an average of 480.99K shares.

In the most recent transaction, Marchetto Eric R sold 9,781 shares of TRN for 28.00 per share on Mar 27 ’24. After the transaction, the EVP & CFO now owns 233,704 company shares. In a previous transaction on Mar 06 ’24, Poet Kevin sold 6,000 shares at 25.45 per share. TRN shares that EVP Operations & Support Svcs owns now total 30,718.

Among the insiders who sold shares, Marchetto Eric R disposed of 11,863 shares on Dec 13 ’23 at a per-share price of $27.00. This resulted in the EVP & CFO holding 250,402 shares of TRN after the transaction. In another insider transaction, Mitchell Gregory B sold 12,536 shares at $23.17 per share on Nov 08 ’23. Company shares held by the EVP & Chief Commercial Officer now total 127,714.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Trinity Industries, Inc. pays an annual dividend of $1.06, resulting in a dividend yield of 3.81%, and it has a price to earnings (P/E) ratio of 21.93. TRN’s most recent ex-dividend date was 4/12/2024 when it declared a $0.28 quarterly dividend that was paid in cash on 4/30/2024. Previously, the company paid the dividend on 1/31/2024 with an ex-dividend date of 1/11/2024. The TRN stock dividend was $0.28 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, TRN has a high of $28.86 and a low of $20.04.

As of this writing, TRN has an earnings estimate of $0.23 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.3 per share and a lower estimate of $0.14.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $12.68, while its Total Shareholder’s Equity was $1.30B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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