Key Points
- Trinity Industries EVP Kevin Poet sold 17,000 shares at an average price of $29.55, generating approximately $502,350. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his ownership by 19.72% to 69,225 shares.
- TRN shares opened at $29.49, below their 50-day and 200-day moving averages of $33.52 and $33.20, respectively. The stock has traded between $24.76 and $38.31 over the past year, with a market capitalization of about $2.35 billion.
- Analysts maintain a generally cautious view, with a consensus “Hold” rating and a $35 price target. Institutional investors own 86.57% of the company, while several major institutions increased their positions during the second quarter.
Trinity Industries, Inc. (NYSE:TRN - Get Free Report) EVP Kevin Poet sold 17,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $29.55, for a total value of $502,350.00. Following the completion of the sale, the executive vice president owned 69,225 shares in the company, valued at approximately $2,045,598.75. The trade was a 19.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Trinity Industries Price Performance
Shares of TRN stock opened at $29.49 on Thursday. The stock has a 50 day moving average price of $33.52 and a 200 day moving average price of $33.20. Trinity Industries, Inc. has a 52-week low of $24.76 and a 52-week high of $38.31. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.91 and a current ratio of 1.89. The firm has a market capitalization of $2.35 billion, a P/E ratio of 7.11 and a beta of 1.37.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Susquehanna lowered their target price on shares of Trinity Industries from $35.00 to $34.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Wall Street Zen downgraded shares of Trinity Industries from a "buy" rating to a "hold" rating in a research note on Saturday, June 13th. The Goldman Sachs Group reiterated a "neutral" rating and set a $36.00 price objective on shares of Trinity Industries in a report on Thursday, April 30th. Finally, Weiss Ratings cut shares of Trinity Industries from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $35.00.
Get Our Latest Stock Report on Trinity Industries
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Trinity Industries during the 2nd quarter valued at $313,000. First Eagle Investment Management LLC grew its position in shares of Trinity Industries by 11.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 463,319 shares of the transportation company's stock worth $16,022,000 after buying an additional 47,700 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Trinity Industries by 3,268.8% during the 2nd quarter. California State Teachers Retirement System now owns 3,305,053 shares of the transportation company's stock worth $114,289,000 after buying an additional 3,206,944 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Trinity Industries by 2.2% during the second quarter. TD Waterhouse Canada Inc. now owns 71,625 shares of the transportation company's stock valued at $2,431,000 after buying an additional 1,570 shares during the period. Finally, Nykredit A S purchased a new position in shares of Trinity Industries during the second quarter valued at $31,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.
About Trinity Industries
(
Get Free Report)
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.
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