ValuEngine upgraded shares of TriMas (NASDAQ:TRS) from a hold rating to a buy rating in a research report sent to investors on Wednesday.
Other research analysts also recently issued research reports about the stock. BMO Capital Markets reiterated a buy rating and set a $35.00 price target on shares of TriMas in a research report on Friday, September 21st. BidaskClub upgraded shares of TriMas from a hold rating to a buy rating in a research report on Friday, August 3rd. JPMorgan Chase & Co. downgraded shares of TriMas from an overweight rating to a neutral rating in a research report on Thursday, July 12th. Finally, Zacks Investment Research upgraded shares of TriMas from a sell rating to a hold rating in a research report on Thursday, July 12th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $31.75.
TRS opened at $29.45 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.53 and a current ratio of 3.02. TriMas has a twelve month low of $22.70 and a twelve month high of $31.80. The stock has a market capitalization of $1.35 billion, a PE ratio of 21.04, a PEG ratio of 3.38 and a beta of 1.79.
TriMas (NASDAQ:TRS) last posted its earnings results on Tuesday, October 30th. The industrial products company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 analyst estimates of $218.65 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts expect that TriMas will post 1.75 earnings per share for the current year.
In other TriMas news, CFO Robert J. Zalupski sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $31.08, for a total transaction of $155,400.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in TriMas by 4.3% during the 2nd quarter. BlackRock Inc. now owns 3,019,119 shares of the industrial products company’s stock valued at $88,761,000 after purchasing an additional 124,442 shares during the period. Dimensional Fund Advisors LP raised its position in shares of TriMas by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,592,708 shares of the industrial products company’s stock valued at $76,225,000 after acquiring an additional 76,955 shares during the period. Royce & Associates LP raised its position in shares of TriMas by 5.7% in the 2nd quarter. Royce & Associates LP now owns 761,460 shares of the industrial products company’s stock valued at $22,387,000 after acquiring an additional 41,000 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of TriMas by 14.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 743,411 shares of the industrial products company’s stock valued at $21,857,000 after acquiring an additional 96,410 shares during the period. Finally, United Services Automobile Association raised its position in shares of TriMas by 17.4% in the 2nd quarter. United Services Automobile Association now owns 733,022 shares of the industrial products company’s stock valued at $21,551,000 after acquiring an additional 108,880 shares during the period. Institutional investors own 98.20% of the company’s stock.
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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