Trinity Industries, Inc. (NYSE: TRN): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

TRN belongs to the Industrials sector of the NYSE while operating in the Railroads industry. The current market capitalization of Trinity Industries, Inc. is $2.71B. A total of 0.54 million shares were traded on the day, compared to an average of 620.45K shares.

In the most recent transaction, Marchetto Eric R sold 8,816 shares of TRN for 30.00 per share on May 02 ’24. After the transaction, the EVP & CFO now owns 224,888 company shares. In a previous transaction on Mar 27 ’24, Marchetto Eric R sold 9,781 shares at 28.00 per share. TRN shares that EVP & CFO owns now total 233,704.

Among the insiders who sold shares, Poet Kevin disposed of 6,000 shares on Mar 06 ’24 at a per-share price of $25.45. This resulted in the EVP Operations & Support Svcs holding 30,718 shares of TRN after the transaction. In another insider transaction, Marchetto Eric R sold 11,863 shares at $27.00 per share on Dec 13 ’23. Company shares held by the EVP & CFO now total 250,402.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Trinity Industries, Inc. pays an annual dividend of $1.10, resulting in a dividend yield of 3.33%, and it has a price to earnings (P/E) ratio of 22.03. TRN’s most recent ex-dividend date was 7/15/2024 when it declared a $0.28 quarterly dividend that was paid in cash on 7/31/2024. Previously, the company paid the dividend on 4/30/2024 with an ex-dividend date of 4/12/2024. The TRN stock dividend was $0.28 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, TRN has a high of $34.24 and a low of $20.04.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $12.83, while its Total Shareholder’s Equity was $1.30B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.00.

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