Jennison Associates LLC Trims Holdings in Trinity Industries, Inc. $TRN

Jennison Associates LLC reduced its stake in Trinity Industries, Inc. (NYSE:TRN) by 12.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,443,321 shares of the transportation company’s stock after selling 344,915 shares during the quarter. Jennison Associates LLC’s holdings in Trinity Industries were worth $78,626,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Strs Ohio acquired a new stake in Trinity Industries in the 1st quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its stake in Trinity Industries by 94.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,016 shares of the transportation company’s stock worth $27,000 after purchasing an additional 494 shares in the last quarter. Whittier Trust Co. boosted its position in shares of Trinity Industries by 880.7% during the first quarter. Whittier Trust Co. now owns 863 shares of the transportation company’s stock worth $28,000 after buying an additional 775 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Trinity Industries by 24.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,538 shares of the transportation company’s stock worth $41,000 after buying an additional 298 shares during the period. Finally, Kelleher Financial Advisors acquired a new stake in shares of Trinity Industries in the third quarter valued at $41,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Performance

NYSE:TRN opened at $36.45 on Monday. The company has a fifty day simple moving average of $34.41 and a two-hundred day simple moving average of $32.38. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 11.68 and a beta of 1.36. The company has a quick ratio of 0.94, a current ratio of 1.87 and a debt-to-equity ratio of 4.70. Trinity Industries, Inc. has a 52 week low of $22.38 and a 52 week high of $37.88.

Trinity Industries (NYSE:TRN) last announced 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 return on equity of 21.86% and a net margin of 12.37%.The business had revenue of $492.00 million during the quarter, compared to analysts’ expectations of $538.87 million. During the same quarter last year, the business posted $0.29 EPS. The business’s quarterly revenue 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. As a group, equities analysts anticipate that Trinity Industries, Inc. will post 2.3 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.24 annualized dividend and a yield of 3.4%. Trinity Industries’s dividend payout ratio (DPR) is 39.74%.

Wall Street Analyst Weigh In

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

About Trinity Industries

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.