|Bid||18.01 x 1400|
|Ask||19.92 x 800|
|Day's Range||19.25 - 19.99|
|52 Week Range||18.99 - 28.33|
|Beta (3Y Monthly)||1.74|
|PE Ratio (TTM)||19.06|
|Forward Dividend & Yield||0.68 (3.53%)|
|1y Target Est||N/A|
Trinity Industries, Inc. (TRN) (“Trinity”) announced today that its wholly owned subsidiary, TrinityRail Maintenance Services, Inc. (“TRMS”), has agreed to purchase land for the construction of a new railcar maintenance services facility in Shell Rock, Iowa. TRMS has selected the 230-acre site for its expansion, which is expected to employ over 250 people following Trinity’s planned capital investment of approximately $60 million in the Butler County, Iowa, community. Upon completion, the new facility will provide a full range of railcar services, including repairs and maintenance, coatings, cleaning, inspections, and testing.
Trinity Industries, Inc. has declared a quarterly dividend of 17 cents per share on its $0.01 par value common stock. The quarterly cash dividend, representing Trinity’s 221st consecutively paid dividend, is payable July 31, 2019 to stockholders of record on July 15, 2019.
Trinity Industries, Inc. announced today that it will report its financial results for the three months ended March 31, 2019 after the financial markets close on April 24, 2019.
Trinity Industries, Inc. (TRN) (“Trinity” or the “Company”) today announced that Eric R. Marchetto, currently Executive Vice President and Chief Commercial Officer of TrinityRail, has been named Senior Vice President of Trinity and Group President of TrinityRail. The Company also announced the separation of the roles of Chairman of the Board of Directors and Chief Executive Officer.
Trinity Industries, Inc. (TRN) (“Trinity”) today announced that it has completed its previously announced accelerated share repurchase (“ASR”) program, consuming the Company’s current $500 million share repurchase program authorized by Trinity’s Board of Directors in December 2017. As a result, Trinity’s Board has approved a new $350 million share repurchase program effective immediately, that expires on December 31, 2020. Trinity’s Board of Directors has also declared a 31% increase to the Company’s quarterly dividend to 17 cents per share on its $0.01 par value common stock from the current quarterly dividend of 13 cents per share.
Trinity Industries, Inc. today announced earnings results for the fourth quarter and full year ended December 31, 2018, including the following highlights:
Trinity Industries, Inc. (TRN) announced today that the United States Supreme Court has denied Joshua Harman’s request to review the Fifth Circuit Court of Appeals’ holding that the company did not violate the False Claims Act regarding the ET Plus® highway end terminal system. The Supreme Court’s denial of Mr. Harman’s petition ends this case. Please refer to Note 18 to the financial statements in Trinity’s Form 10-Q for the period ended September 30, 2018, for additional information about Joshua Harman, on behalf of the United States of America, Plaintiff/Relator v. Trinity Industries, Inc., Defendant and the Company’s highway products and other litigation.
Trinity Industries, Inc. (TRN) (“Trinity” or the “Company”) today announced that James E. Perry, the Company’s current Senior Vice President and Chief Financial Officer, has notified the Company of his decision to transition from employment with the Company to pursue other opportunities. Mr. Perry will remain in the Chief Financial Officer role until Trinity has filed its Annual Report on Form 10-K for the year ended December 31, 2018. The Company plans to enter into a transition agreement with Mr. Perry consistent with the terms of Trinity’s executive officers’ Transition Compensation Plan.
NEW YORK, Dec. 10, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Trinity Industries, Inc. (TRN) (“Trinity” or the “Company”) announced today that the Company has entered into an accelerated share repurchase (“ASR”) program with JPMorgan Chase Bank, National Association (“JPMorgan”) to repurchase $350 million of its common stock. The accelerated share repurchase program will complete Trinity’s current share repurchase authorization for an aggregate of $500 million of its common stock. Trinity will fund the accelerated share repurchase with proceeds received from an increase in borrowing under the Amended and Restated Term Loan Agreement of Trinity Rail Leasing 2017 LLC.
Trinity Industries, Inc. today announced new executive appointments in light of completion of the spin-off of its infrastructure related businesses as Arcosa, Inc.
Trinity Industries, Inc. (TRN) (“Trinity”), announced today that it has completed the separation of its infrastructure-related business, Arcosa, Inc. (“Arcosa”), a growth-oriented manufacturer of infrastructure-related products and services with leading positions in construction, energy, and transportation markets. The spin-off was effected through a pro rata dividend to Trinity’s stockholders of all outstanding Arcosa shares and is intended to qualify as a tax free distribution for federal income tax purposes. Arcosa will begin trading “regular way” on the New York Stock Exchange under the ticker symbol “ACA” at market open today.
NEW YORK, Nov. 01, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
NEW YORK , Oct. 30, 2018 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600: S&P MidCap 400 constituent Keysight Technologies Inc. ...
Trinity Industries, Inc. today announced earnings results for the third quarter ended September 30, 2018, including the following highlights:
Trinity Industries, Inc. , as previously announced, will host an Investor Day today at 9:00 a.m. Eastern time in New York. The presentation will be webcast and participants can register at www.trin.net/events-and-presentations.
Trinity Industries, Inc. (TRN) (“Trinity”) and Arcosa, Inc. (“Arcosa”) today announced that they will host separate Investor Day meetings in New York City on Thursday, October 4, 2018 in anticipation of the expected tax-free distribution of Arcosa to Trinity stockholders on November 1, 2018. During the first half of the Investor Day, members of Trinity management will discuss the rationale for the spin-off, highlight Trinity’s businesses and integrated rail platform, and review the company's go-forward strategy for future investment in the business and resulting capital structure to support growth. In the afternoon, members of Arcosa management will host a separate session and will provide an overview of Arcosa and its operating structure, additional insights on each business segment, and Arcosa's strategic roadmap and capital allocation strategy.
Trinity Industries, Inc. (TRN) (“Trinity”) announced today that its Board of Directors formally approved the separation of its infrastructure-related businesses from Trinity through a distribution of all of the common stock of Arcosa, Inc. (“Arcosa”) held by Trinity to Trinity stockholders. In connection with the approval, the board has also set the distribution ratio, record date, and distribution date for the separation.
Trinity Industries, Inc. (TRN) (“Trinity”) today announced the composition of the Board of Directors of Arcosa, Inc. (“Arcosa”), the new independent publicly-traded company to be formed by the planned spin-off of Trinity’s infrastructure-related businesses. Today, Trinity separately announced the composition of its future Trinity Board of Directors. To ensure continuity and retention of valuable experience, at the time of the spin-off, each company’s board will include five members of the current Trinity Board of Directors, with no overlapping directors.
Trinity Industries, Inc. (TRN) (“Trinity”) today announced the composition of the Trinity Board of Directors following the previously announced planned separation of its infrastructure-related businesses, Arcosa, Inc. (“Arcosa”). Trinity today separately announced the composition of the Board of Directors for Arcosa. To ensure continuity and retention of valuable Trinity experience, at the time of the spin-off, each company’s board will include five members of the current Trinity Board of Directors, with no overlapping directors.