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TRN Trinity Industries

Trinity Industries, Inc., headquartered in Dallas, Texas, owns businesses that are leading providers of rail transportation products and services in North America. Its rail-related businesses market their railcar products and services under the trade name TrinityRail®. The TrinityRail platform provides railcar leasing and management services, as well as railcar manufacturing, maintenance and modifications. Trinity also owns businesses engaged in the manufacture of products used on the nation's roadways and in traffic control. Trinity reports its financial results in three principal business segments: the Railcar Leasing and Management Services Group, the Rail Products Group, and the All Other Group.

Company profile

Ticker
TRN
Exchange
NYSE
Website
www.trin.net
CEO
E. Jean Savage
Employees
Incorporated
Delaware
Location
Texas
Fiscal year end
Dec 31
Sector
Manufacturing > Heavy Duty Truck Manufacturing
Industry (SIC)
Railroad Equipment
Westinghouse Air Brake Technologies • Greenbrier Cos. • FreightCar America • Kelso ...
SEC CIK
0000099780
Corporate docs
IRS number
750225040

TRN stock data

(
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News

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Benzinga's Top Ratings Upgrades, Downgrades For July 26, 2021
26 Jul 21
Susquehanna Upgrades Trinity Industries to Positive, Announces $36 Price Target
26 Jul 21
Susquehanna analyst Bascome Majors upgrades Trinity Industries (NYSE:TRN) from Neutral to Positive and announces $36 price target.
Wells Fargo Maintains Overweight on Trinity Industries, Raises Price Target to $36
23 Jul 21
Wells Fargo analyst Allison Poliniak Cusic maintains Trinity Industries (NYSE:TRN) with a Overweight and raises the price target from $35 to $36.
Trinity Industries Reports Mixed Q2 Results
22 Jul 21
Recap: Trinity Industries Q2 Earnings
22 Jul 21

Press releases

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Trinity Industries, Inc. Announces Second Quarter 2021 Results
22 Jul 21
Reports quarterly GAAP and adjusted earnings from continuing operations of $0.12 and $0.15 per diluted share, respectively Generates year-to-date operating and total free cash flow of $335 million and $359 million,
Trinity Industries, Inc. Announces Date for Earnings Release
8 Jul 21
Trinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three and six months ended June 30, 2021 before the financial markets open on July 22, 2021. Trinity
Trinity Industries, Inc. Announces Successful Refinancing of Outstanding Debt for Partially-owned Lease Subsidiaries and Provides Liquidity Update
1 Jun 21
Trinity Industries, Inc. (NYSE:TRN) ("Trinity" or the "Company") announced today that its partially-owned lease subsidiaries TRIP Rail Holdings LLC ("TRIP Holdings") and RIV 2013 Rail Holdings LLC ("RIV 2013") have

Calendar

27 Jul 21
3 Aug 21
31 Dec 21

Financial summary

Financial statements Chart TRN financial data
Quarter (USD)
 Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 255.7M 255.7M 255.7M 255.7M 255.7M 255.7M
Cash burn (monthly) 9.93M 3.18M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 11.57M 3.71M n/a n/a n/a n/a
Cash remaining 244.13M 251.99M n/a n/a n/a n/a
Runway (months of cash) 24.6 79.2 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

TRN insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 21 Lovett Melendy E Trinity Phantom Stock Units Common Stock Grant Aquire A No No 26.89 115 3.09K 14,867
30 Jun 21 Todd Maclin Trinity Phantom Stock Units Common Stock Grant Aquire A No No 26.89 1,045 28.1K 3,850
30 Jun 21 Echols Leldon E Trinity Phantom Stock Units Common Stock Grant Aquire A No No 26.89 489 13.15K 63,070
15 May 21 Madison Brian D Common Stock Payment of exercise Dispose F No No 29.14 5,116 149.08K 69,153
15 May 21 Madison Brian D Common Stock Grant Aquire A No No 0 4,823 0 74,269
15 May 21 Teachout Sarah Common Stock Payment of exercise Dispose F No No 29.14 2,003 58.37K 60,820
15 May 21 Teachout Sarah Common Stock Grant Aquire A No No 0 3,546 0 62,823
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

TRN institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
 Current Prev Q Change
Total holders 294 274 +7.3%
Opened positions 49 37 +32.4%
Closed positions 29 35 -17.1%
Increased positions 67 77 -13.0%
Reduced positions 130 111 +17.1%
13F shares
 Current Prev Q Change
Total value 3.58B 6.56B -45.3%
Total shares 122.24M 133.68M -8.6%
Total puts 181.8K 1.35M -86.5%
Total calls 444.1K 392.8K +13.1%
Total put/call ratio 0.4 3.4 -88.1%
Largest owners
 Shares Value Change
VA Partners I 23.11M $760.41M -9.8%
ValueAct 23.11M $658.29M -14.4%
Capital International Investors 12.79M $364.43M +3.0%
Vanguard 8.08M $230.19M +8.0%
BLK Blackrock 7.12M $202.73M +3.3%
Dimensional Fund Advisors 6.23M $177.56M -0.1%
STT State Street 2.37M $67.48M -1.0%
Cooperman Leon G 2.15M $61.2M -28.9%
Cardinal Capital Management 2.11M $60.21M -9.5%
Vaughan Nelson Investment Management 2.05M $58.5M -15.0%
Largest transactions
 Shares Bought/sold Change
ValueAct 23.11M -3.9M -14.4%
LSV Asset Management 145.6K -2.56M -94.6%
VA Partners I 23.11M -2.51M -9.8%
Harris Associates L P 746.89K -1.72M -69.7%
Fiduciary Management 1.52M -1.46M -49.0%
Norges Bank 0 -1.34M EXIT
Caas Capital Management 1.05M +1.05M NEW
Cooperman Leon G 2.15M -872K -28.9%
Nuveen Asset Management 194.76K -710.63K -78.5%
Raymond James & Associates 681.13K +625.66K +1128.0%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Broadwind • FreightCar America
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: advance, advanced, applied, consent, Davidson, drew, flat, Green, iv, largest, recovery, refinancing, repaid, repayment, shareholder, sought, targeted, Triumph, TRP, unopposed, ValueAct, wholly, York
Removed: expired, lifted, permanent, planned, preserve, receiving, streamlined, underway, volume, workforce
From filing 10-Q 2021 Q2

Financial reports

View all
10-Q
2021 Q2
Quarterly report
27 Jul 21
10-Q
2021 Q1
Quarterly report
27 Apr 21
10-K
2020 FY
Annual report
24 Feb 21
10-Q
2020 Q3
Quarterly report
26 Oct 20
10-Q
2020 Q2
Quarterly report
23 Jul 20
10-Q
2020 Q1
Quarterly report
30 Apr 20
10-K
2019 FY
Annual report
20 Feb 20
10-Q
2019 Q3
Quarterly report
24 Oct 19
10-Q
2019 Q2
Quarterly report
25 Jul 19
10-Q
2019 Q1
Quarterly report
25 Apr 19

Current reports

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8-K
Regulation FD Disclosure
28 Jul 21
8-K
Trinity Industries, Inc. Announces Second Quarter 2021 Results
22 Jul 21
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
30 Jun 21
8-K
Entry into a Material Definitive Agreement
23 Jun 21
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
16 Jun 21
8-K
Entry into a Material Definitive Agreement
1 Jun 21
8-K
Entry into a Material Definitive Agreement
21 May 21
8-K
Regulation FD Disclosure
5 May 21
8-K
Entry into a Material Definitive Agreement
5 May 21
8-K
Entry into a Material Definitive Agreement
29 Apr 21

Registration and prospectus

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S-8
Registration of securities for employees
27 Mar 19
S-8
Registration of securities for employees
12 Dec 16
S-8
Registration of securities for employees
4 May 15
424B5
Prospectus supplement for primary offering
22 Sep 14
424B5
Prospectus supplement for primary offering
21 Sep 14
FWP
Free writing prospectus
21 Sep 14
S-3ASR
Automatic shelf registration
14 Sep 14
S-8
Registration of securities for employees
16 Sep 12
S-8
Registration of securities for employees
16 Sep 10
SC TO-T/A
Third party tender offer statement (amended)
4 Feb 10

Proxies

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DEF 14A
Definitive proxy
1 Apr 21
DEF 14A
Definitive proxy
3 Apr 20
DEF 14A
Definitive proxy
5 Apr 19
DEFA14A
Additional proxy soliciting materials
23 Apr 18
DEF 14A
Definitive proxy
5 Apr 18
DEF 14A
Definitive proxy
30 Mar 17
DEFR14A
Revised proxy
3 Apr 16
DEF 14A
Definitive proxy
31 Mar 16
DEF 14A
Definitive proxy
31 Mar 15
PRE 14A
Preliminary proxy
19 Mar 15

Other

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SD
Conflict minerals disclosure
26 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
29 May 19
SD
Conflict minerals disclosure
23 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
SD
Conflict minerals disclosure
28 May 15
SD
Conflict minerals disclosure
1 Jun 14
UPLOAD
Letter from SEC
15 Jan 14
CORRESP
Correspondence with SEC
14 Jan 14

Ownership

View all
4
TRINITY INDUSTRIES / LELDON E ECHOLS ownership change
1 Jul 21
4
TRINITY INDUSTRIES / TODD MACLIN ownership change
1 Jul 21
4
TRINITY INDUSTRIES / Melendy E Lovett ownership change
1 Jul 21
11-K
Annual report of employee stock purchases
2 Jun 21
4
TRINITY INDUSTRIES / Neil J West ownership change
18 May 21
4
TRINITY INDUSTRIES / Steven L McDowell ownership change
18 May 21
4
TRINITY INDUSTRIES / Gregory B Mitchell ownership change
18 May 21
4
TRINITY INDUSTRIES / Melendy E Lovett ownership change
18 May 21
4
TRINITY INDUSTRIES / Eric R Marchetto ownership change
18 May 21
4
TRINITY INDUSTRIES / Sarah Teachout ownership change
18 May 21

Patents

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APP
Utility
Railcar Door Operating Systems and Methods with Capstan Drives
1 Jul 21
According to some embodiments, a longitudinal door system comprising one or more longitudinal doors for a railcar and a longitudinal operating beam coupled to the one or more longitudinal doors via one or more struts.
APP
Utility
Composite Insulated Boxcar Floor
20 May 21
A floor section for an insulated railcar includes a floor plate and a composite section coupled to the floor plate.
APP
Utility
Capstan-driven Air Pump System for Opening and Closing a Longitudinal Railcar Door
29 Apr 21
According to some embodiments, an apparatus comprises an air pump configured to couple to a capstan, and a pneumatic cylinder coupled to the air pump at a first end of the pneumatic cylinder.
APP
Utility
Welding Tool
5 Aug 20
An apparatus includes a welding torch, a laser capable of projecting a beam towards a seam on a surface, a camera directed towards the surface, a memory, and a processor.
GRANT
Utility
Pre-loaded compression strut
8 Jun 20
According to some embodiments, a compression strut comprises a first strut body comprising a threaded end and a hollow end, and a second strut body comprising a threaded end and a shaped end.

Transcripts

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2021 Q2
Earnings call transcript
22 Jul 21
2021 Q1
Earnings call transcript
22 Apr 21
2020 Q4
Earnings call transcript
24 Feb 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
30 Apr 20
2019 Q4
Earnings call transcript
20 Feb 20
2019 Q3
Earnings call transcript
24 Oct 19
2019 Q2
Earnings call transcript
25 Jul 19
2019 Q1
Earnings call transcript
25 Apr 19

Reddit threads

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