10 Best Railroad Stocks To Buy According To Billionaires

8. Trinity Industries, Inc. (NYSE:TRN)

Number of Billionaire Investors: 8

Stake Value of Billionaire Holdings: $65,860,700

Trinity Industries, Inc. (NYSE:TRN) is a major player in the North American rail industry. The company is involved in leasing, servicing, and manufacturing railcars. Its leasing segment not only rents out freight and tank railcars but also provides maintenance, fleet management, and logistics support. Trinity managed a fleet of around 110,000 railcars serving agriculture, energy, chemicals, and consumer goods sectors. It is one of the best railroad stocks to consider.

On March 31, Trinity Industries, Inc. (NYSE:TRN) announced a quarterly cash dividend of $0.30 per share. The dividend will be paid on April 30, to shareholders on record as of April 15. This is the company’s 244th consecutive dividend payment.

Trinity Industries, Inc. (NYSE:TRN) reported adjusted earnings per share of $1.82 for 2024, a 32% increase from last year. This growth was fueled by higher lease rates, stronger margins, and increased external repair activity. The company’s adjusted return on equity reached 14.6%, right within its target range. Cash flow from operations also saw a big boost, rising 65% to $645 million. TRN’s Railcar Leasing and Services Group posted a 10% revenue increase for the year, successfully repricing over half the fleet at better rates while keeping utilization high. Meanwhile, the Rail Products Group improved profits by 68%, due to smoother operations and labor efficiencies, even though revenue stayed flat.

According to Insider Monkey’s Q4 database, Trinity Industries, Inc. (NYSE:TRN) was part of 8 billionaire portfolios. Billionaire Ken Fisher’s Fisher Asset Management was one of the top shareholders of the company, with 253,871 shares worth $8.91 million.