Granite Investment Partners LLC Lowers Stock Position in Trinity Industries, Inc. $TRN

Granite Investment Partners LLC cut its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 5.3% in the first quarter, HoldingsChannel reports. The fund owned 381,728 shares of the transportation company’s stock after selling 21,309 shares during the period. Granite Investment Partners LLC’s holdings in Trinity Industries were worth $12,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRN. Royal Bank of Canada lifted its holdings in Trinity Industries by 0.6% during the first quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company’s stock valued at $2,069,000 after purchasing an additional 457 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Trinity Industries by 33.8% in the first quarter. AQR Capital Management LLC now owns 44,772 shares of the transportation company’s stock worth $1,244,000 after purchasing an additional 11,319 shares in the last quarter. Millennium Management LLC increased its stake in shares of Trinity Industries by 329.2% in the first quarter. Millennium Management LLC now owns 637,990 shares of the transportation company’s stock worth $17,902,000 after purchasing an additional 489,348 shares in the last quarter. Jane Street Group LLC raised its position in shares of Trinity Industries by 1,341.9% during the 1st quarter. Jane Street Group LLC now owns 134,098 shares of the transportation company’s stock valued at $3,763,000 after purchasing an additional 124,798 shares during the period. Finally, Intech Investment Management LLC raised its position in shares of Trinity Industries by 44.0% during the 1st quarter. Intech Investment Management LLC now owns 48,014 shares of the transportation company’s stock valued at $1,347,000 after purchasing an additional 14,678 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRN has been the topic of a number of analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 target price on shares of Trinity Industries in a research note on Thursday, April 30th. Wall Street Zen cut Trinity Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings raised Trinity Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Susquehanna boosted their price objective on Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.50.

Trinity Industries Trading Up 0.7%

Shares of TRN opened at $34.16 on Thursday. The company has a debt-to-equity ratio of 4.70, a current ratio of 1.87 and a quick ratio of 0.94. Trinity Industries, Inc. has a 1 year low of $22.38 and a 1 year high of $37.36. The company has a 50 day simple moving average of $34.15 and a two-hundred day simple moving average of $31.97. The firm has a market cap of $2.72 billion, a P/E ratio of 10.95 and a beta of 1.36.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. Trinity Industries had a net margin of 12.37% and a return on equity of 21.86%. The firm had revenue of $492.00 million for the quarter, compared to analysts’ expectations of $538.87 million. During the same quarter last year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was down 16.0% compared to the same quarter last year. Trinity Industries has set its FY 2026 guidance at 2.200-2.400 EPS. On average, equities analysts expect that Trinity Industries, Inc. will post 2.3 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Wednesday, July 15th. Trinity Industries’s payout ratio is currently 39.74%.

Trinity Industries Profile

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.