New CEO of Trinity Industries says its stock trades at 'meaningful discount'

Evan Hoopfer
New CEO of Trinity Industries says its stock trades at 'meaningful discount'

Trinity Industries shares soared more than 11.6 percent at one point Thursday after the Dallas-based company reported earnings that bested analyst estimates. Shares of Trinity Industries Inc. (NYSE: TRN), which operates in the railcar leasing and manufacturing industries, closed Thursday trading at $23.30, up 5.6 percent over Wednesday's close as the company concluded its first full year as a rail-focused company and welcomed a new CEO. Trinity shares were trading down about 2 percent in late trading on Friday.