The Vanguard Group, Inc. recently announced the acquisition of new stake in Trinity Industries, Inc. (NYSE:TRN). The institutional investor has increased its shareholding in the Industrials company by 0.09% to 9.44 million shares with purchase of 8412.0 shares. This fresh investment now brings its stake to 11.53% valued currently at $235.65 million. In addition, Dimensional Fund Advisors LP raised its holdings by 55118.0 to 6.01 million shares. And Jennison Associates LLC has lifted its position by 3.20% or 0.15 million shares – to 4.72 million shares.
With over 0.43 million Trinity Industries, Inc. (TRN) shares trading Friday and a closing price of $26.35 on the day, the dollar volume was approximately $11.42 million. The shares have shown a positive half year performance of 11.09% and its price on 12/22/23 lost nearly -0.04%. Currently, there are 81.10M common shares owned by the public and among those 80.78M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for TRN have a consensus price objective of $30.00. The analysts have set the share’s price value over the next 12 months at a high of $32.00 and a low of $26.00. The average price target is 12.17% above its recent price level and a downside to the estimated low will see the stock lose -1.35% over that period. But an upside of 17.66% will see the stock hit the forecast high price target while median target price for the stock is $31.00.
Insiders at the company have transacted a total of 29 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 396,293 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 145,625 shares.
The top 3 mutual fund holders in Trinity Industries, Inc. are Capital Income Builder, iShares Core S&P Small Cap ETF, and Vanguard Total Stock Market ETF. Capital Income Builder owns 7.71 million shares of the company’s stock, all valued at over $192.49 million. iShares Core S&P Small Cap ETF bought 2712.0 shares to see its total holdings expand to 5.48 million shares valued at over $136.73 million and representing 6.69% of the shares outstanding. Vanguard Total Stock Market ETF bought 5044.0 shares to bring its total holdings to over 2.6 million shares at a value of $64.84 million. Vanguard Total Stock Market ETF now owns shares totaling to 3.17% of the shares outstanding.
Shares of Trinity Industries, Inc. (NYSE: TRN) opened at $26.58, up $0.22 from a prior closing price of $26.36. However, the script later moved the day high at 26.80, down -0.04%. The company’s stock has a 5-day price change of -6.99% and 3.90% over the past three months. TRN shares are trading -10.89% year to date (YTD), with the 12-month market performance down to -13.78% lower. It has a 12-month low price of $20.04 and touched a high of $30.34 over the same period. TRN has an average intraday trading volume of 432.12K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.70%, 9.42%, and 10.03% respectively.
Institutional ownership of Trinity Industries, Inc. (NYSE: TRN) shares accounts for 83.19% of the company’s 81.10M shares outstanding. Mutual fund holders own 24.10%, while other institutional holders and individual stakeholders account for 59.50% and 23.70% respectively.
It has a market capitalization of $2.16B and a beta (3y monthly) value of 1.38. The stock’s trailing 12-month PE ratio is 29.46, while the earnings-per-share (ttm) stands at $0.89. The company has a PEG of 2.95 and a Quick Ratio of 1.02 with the debt-to-equity ratio at 5.89. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.57% over the week and 2.63% over the month.
Analysts forecast that Trinity Industries, Inc. (TRN) will achieve an EPS of $0.69 for the current quarter, $0.42 for the next quarter and $1.92 for 2024. The lowest estimate earnings-per-share for the quarter is $0.64 while analysts give the company a high EPS estimate of $0.74. Comparatively, EPS for the current quarter was $0.44 a year ago. Earnings per share for the fiscal year are expected to increase by 32.77%, and 54.17% over the next financial year. EPS should grow at an annualized rate of 10.00% over the next five years, compared to -29.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Trinity Industries, Inc. (TRN) as a “Strong Buy” at a consensus score of 1.80. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 2 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the TRN, a number of firms have released research notes about the stock. Susquehanna stated their Positive rating for the stock in a research note on October 16, 2023, with the firm’s price target at $29-$32.
