Momentum Is Strong For Trinity Industries, Inc. (NYSE: TRN)

After Hours

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.

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Stocks Info

This NYSE-listed company operates within the Railroads industry segment, falling under the Industrials sector. The current market capitalization of Trinity Industries, Inc. is $2.80B. A total of 1.09 million shares were traded on the day, compared to an average of 623.50K 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

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Trinity Industries, Inc. pays an annual dividend of $1.10, resulting in a dividend yield of 3.24%, and it has a price to earnings (P/E) ratio of 17.48. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, TRN has a high of $37.04 and a low of $20.04.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $12.93, while its Total Shareholder’s Equity was $1.30B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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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