BidaskClub Lowers TriMas (TRS) to Sell

BidaskClub lowered shares of TriMas (NASDAQ:TRS) from a hold rating to a sell rating in a research report report published on Wednesday, November 15th.

TRS has been the topic of several other reports. Jefferies Group reiterated a hold rating and issued a $24.00 target price (up from $22.00) on shares of TriMas in a report on Monday, July 31st. Zacks Investment Research cut TriMas from a hold rating to a sell rating in a report on Monday, October 2nd. J P Morgan Chase & Co raised TriMas from a neutral rating to an overweight rating and set a $27.00 price target on the stock in a research note on Wednesday, August 9th. Seaport Global Securities lowered TriMas from a buy rating to a neutral rating and set a $27.00 price target on the stock. in a research note on Friday, September 15th. Finally, ValuEngine raised TriMas from a hold rating to a buy rating in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $25.25.

TriMas (NASDAQ:TRS) traded up $0.35 during trading hours on Wednesday, hitting $26.05. The stock had a trading volume of 185,179 shares, compared to its average volume of 182,566. The company has a market capitalization of $1,175.03, a PE ratio of 18.49, a P/E/G ratio of 2.82 and a beta of 2.05. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 2.67. TriMas has a 52 week low of $19.75 and a 52 week high of $28.85.

TriMas (NASDAQ:TRS) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.39 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The company had revenue of $209.30 million for the quarter, compared to analysts’ expectations of $208.89 million. TriMas had a positive return on equity of 12.18% and a negative net margin of 4.01%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 earnings per share. equities analysts forecast that TriMas will post 1.4 earnings per share for the current fiscal year.

In other TriMas news, CFO Robert J. Zalupski sold 2,816 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $25.94, for a total value of $73,047.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Swart sold 1,500 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $26.57, for a total value of $39,855.00. The disclosure for this sale can be found here. Insiders sold a total of 18,944 shares of company stock valued at $486,796 over the last three months. 1.40% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of TriMas by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 3,753,870 shares of the industrial products company’s stock worth $78,268,000 after acquiring an additional 106,133 shares during the period. Fiduciary Management Inc. WI lifted its holdings in TriMas by 4.9% during the 3rd quarter. Fiduciary Management Inc. WI now owns 2,879,901 shares of the industrial products company’s stock worth $77,757,000 after purchasing an additional 134,255 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in TriMas during the 3rd quarter worth about $42,807,000. State Street Corp lifted its holdings in TriMas by 6.7% during the 2nd quarter. State Street Corp now owns 904,136 shares of the industrial products company’s stock worth $18,849,000 after purchasing an additional 56,764 shares in the last quarter. Finally, Bernzott Capital Advisors lifted its holdings in TriMas by 5.2% during the 2nd quarter. Bernzott Capital Advisors now owns 759,980 shares of the industrial products company’s stock worth $15,846,000 after purchasing an additional 37,325 shares in the last quarter. Institutional investors own 97.66% of the company’s stock.

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TriMas Company Profile

TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.

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