Currently, there are 82.40M common shares owned by the public and among those 81.10M shares have been available to trade.
The company’s stock has a 5-day price change of 9.24% and 6.74% over the past three months. TRN shares are trading 8.77% year to date (YTD), with the 12-month market performance up to 60.15% higher. It has a 12-month low price of $23.40 and touched a high of $39.00 over the same period. TRN has an average intraday trading volume of 508.27K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.31%, 3.72%, and 16.62% respectively.
Institutional ownership of Trinity Industries, Inc (NYSE: TRN) shares accounts for 86.38% of the company’s 82.40M shares outstanding.
It has a market capitalization of $3.14B and a beta (3y monthly) value of 1.38. The stock’s trailing 12-month PE ratio is 18.57, while the earnings-per-share (ttm) stands at $2.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.32% over the week and 2.98% over the month.
Earnings per share for the fiscal year are expected to increase by 26.81%, and -8.57% over the next financial year.
Looking at the support for the TRN, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on November 18, 2024, with the firm’s price target at $39. Susquehanna coverage for the Trinity Industries, Inc (TRN) stock in a research note released on October 21, 2024 offered a Neutral rating with a price target of $35. TD Cowen was of a view on May 02, 2024 that the stock is Buy, while Susquehanna gave the stock Positive rating on October 16, 2023, issuing a price target of $29- $32. Susquehanna on their part issued Neutral rating on November 07, 2022.
