TriMas Corp (NASDAQ:TRS) – KeyCorp lifted their Q4 2018 EPS estimates for TriMas in a research report issued on Tuesday, October 30th. KeyCorp analyst S. Barger now anticipates that the industrial products company will earn $0.36 per share for the quarter, up from their previous estimate of $0.35. KeyCorp also issued estimates for TriMas’ Q4 2019 earnings at $0.41 EPS.
TriMas (NASDAQ:TRS) last issued its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. TriMas had a net margin of 7.27% and a return on equity of 13.54%. The business had revenue of $223.78 million for the quarter, compared to analysts’ expectations of $218.65 million. During the same period last year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis.
TRS has been the topic of a number of other reports. ValuEngine cut shares of TriMas from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. BidaskClub upgraded shares of TriMas from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded shares of TriMas from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. JPMorgan Chase & Co. cut shares of TriMas from an “overweight” rating to a “neutral” rating in a research report on Thursday, July 12th. Finally, BMO Capital Markets increased their price target on shares of TriMas from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. TriMas has an average rating of “Hold” and a consensus target price of $31.75.
Shares of NASDAQ TRS opened at $29.45 on Friday. TriMas has a one year low of $22.70 and a one year high of $31.80. The company has a current ratio of 3.02, a quick ratio of 1.53 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 3.38 and a beta of 1.79.
Several institutional investors have recently modified their holdings of TRS. Wells Fargo & Company MN grew its holdings in shares of TriMas by 4.9% in the first quarter. Wells Fargo & Company MN now owns 44,107 shares of the industrial products company’s stock worth $1,158,000 after purchasing an additional 2,049 shares during the last quarter. Barclays PLC grew its holdings in shares of TriMas by 60.4% in the first quarter. Barclays PLC now owns 11,711 shares of the industrial products company’s stock worth $307,000 after purchasing an additional 4,411 shares during the last quarter. Millennium Management LLC grew its holdings in shares of TriMas by 503.1% in the first quarter. Millennium Management LLC now owns 105,924 shares of the industrial products company’s stock worth $2,781,000 after purchasing an additional 88,360 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in shares of TriMas in the first quarter worth approximately $244,000. Finally, James Investment Research Inc. grew its holdings in shares of TriMas by 8.7% in the second quarter. James Investment Research Inc. now owns 122,955 shares of the industrial products company’s stock worth $3,615,000 after purchasing an additional 9,885 shares during the last quarter. Hedge funds and other institutional investors own 98.20% of the company’s stock.
In other news, CFO Robert J. Zalupski sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $31.08, for a total value of $155,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.
TriMas Company Profile
TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas markets worldwide. The company operates through four segments: Packaging, Aerospace, Energy, and Engineered Components. The Packaging segment designs and manufactures industrial closure products, including steel drum and plastic enclosures, plastic drum closures, and plastic pail dispensers and plugs; and specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, and other packaging solutions for the cosmetic, personal care, and household product markets, as well as specialty plastic closures for bottles and jars, and dispensing pumps for the food and beverage markets.
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