TriMas Corporation (NASDAQ:TRS) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $25.25.
Several research firms have commented on TRS. BidaskClub raised shares of TriMas from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 27th. Zacks Investment Research downgraded shares of TriMas from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, Seaport Global Securities downgraded shares of TriMas from a “buy” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a report on Friday, September 15th.
TriMas (NASDAQ:TRS) opened at $26.85 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1,230.00, a PE ratio of 19.21, a P/E/G ratio of 2.93 and a beta of 2.05. TriMas has a fifty-two week low of $19.75 and a fifty-two week high of $28.85.
TriMas (NASDAQ:TRS) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.39. The company had revenue of $209.30 million for the quarter, compared to the consensus estimate of $208.89 million. TriMas had a negative net margin of 4.01% and a positive return on equity of 12.18%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. analysts predict that TriMas will post 1.4 earnings per share for the current fiscal year.
In related news, insider Joshua A. Sherbin sold 13,828 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $25.50, for a total value of $352,614.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Paul Swart sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $26.57, for a total transaction of $39,855.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,944 shares of company stock worth $486,796. Company insiders own 1.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of TRS. Victory Capital Management Inc. purchased a new stake in shares of TriMas during the third quarter valued at approximately $42,807,000. Royce & Associates LP boosted its stake in shares of TriMas by 372.3% during the second quarter. Royce & Associates LP now owns 519,572 shares of the industrial products company’s stock valued at $10,833,000 after purchasing an additional 409,572 shares during the period. Thrivent Financial For Lutherans purchased a new stake in shares of TriMas during the second quarter valued at approximately $6,643,000. Fiduciary Management Inc. WI boosted its stake in shares of TriMas by 4.9% during the third quarter. Fiduciary Management Inc. WI now owns 2,879,901 shares of the industrial products company’s stock valued at $77,757,000 after purchasing an additional 134,255 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of TriMas by 2.9% during the second quarter. Vanguard Group Inc. now owns 3,753,870 shares of the industrial products company’s stock valued at $78,268,000 after purchasing an additional 106,133 shares during the period. Institutional investors and hedge funds 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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