TRN Stock Summary and Trading Ideas (Trinity Industries | NYSE:TRN)

Trinity Industries Inc. sells and leases railroad products and railcar maintenance services in North America. The company operates under the name TrinityRail in three main segments: railcar leasing and management services, which owns railcars and provides fleet management and administration services; rail products, which builds, sells, and modifies freight and tank railcars and their components; and all other, which sells highway products such as guardrail and other highway barriers. Customers include railroads, leasing companies, and shipping companies in the industries of agriculture, construction, consumer products, energy, and chemicals.

Trinity Industries trades on the NYSE stock market under the symbol TRN.

As of April 24, 2024, TRN stock price climbed to $27.08 with 433,803 million shares trading.

TRN has a beta of 1.42, meaning it tends to be more sensitive to market movements. TRN has a correlation of 0.24 to the broad based SPY ETF.

TRN has a market cap of $2.22 billion. This is considered a Mid Cap stock.

Last quarter Trinity Industries reported $798 million in Revenue and $.82 earnings per share. This beat revenue expectation by $38 million and exceeded earnings estimates by $.18.

In the last 3 years, TRN stock traded as high as $35.35 and as low as $20.04.

The top ETF exchange traded funds that TRN belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

TRN stock has underperformed the market in the last year with a return of +17.6%, while SPY returned +24.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in TRN shares. However, TRN has outperformed the market in the last 3 month and 2 week periods, returning +7.0% and -2.0%, while SPY returned +4.7% and -2.6%, respectively. This indicates TRN has been having a stronger performance recently.

TRN support price is $26.31 and resistance is $27.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TRN stock will trade within this expected range on the day.