Below are the billionaire Lee Cooperman’s 5 favorite stocks heading into 2021. For a comprehensive list please see How Billionaire Lee Cooperman Is Preparing For Massive Inflation.
5. Trinity Industries, Inc. (NYSE:TRN)
The rail transportation products and services provider Trinity Industries, Inc. (NYSE: TRN) is one of the billionaire Lee Cooperman’s favorite stocks heading into 2021. The legendary investor first initiated a position in Trinity in 2017 and the firm has raised its stake by 6% in the latest quarter. It is the fifth-largest stock holding of the Omega family office portfolio.
Shares of Trinity Industries rallied almost 16% in 2020. In addition, the company also offers a hefty dividend yield of 3.16%. It has raised dividends in the past ten consecutive years, while the average dividend growth rate stood around 20% in the past five years. Diamond Hill talked about TRN in June and said the following:
“We closed our position in transportation products and services provider Trinity Industries, Inc. as the shares approached our estimate of intrinsic value.”
TRN shares appreciated by 30% since then.