TriMas Corp (NASDAQ:TRS) – Equities researchers at William Blair lifted their FY2018 earnings estimates for TriMas in a report released on Wednesday, October 31st. William Blair analyst N. Heymann now expects that the industrial products company will post earnings per share of $1.76 for the year, up from their previous forecast of $1.75. William Blair also issued estimates for TriMas’ Q4 2018 earnings at $0.39 EPS, Q1 2019 earnings at $0.43 EPS, Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.50 EPS and Q4 2019 earnings at $0.45 EPS.
A number of other equities analysts also recently commented on TRS. ValuEngine upgraded TriMas from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Zacks Investment Research downgraded TriMas from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. BidaskClub downgraded TriMas from a “strong-buy” rating to a “buy” rating in a report on Friday, July 13th. BMO Capital Markets increased their price target on TriMas from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 8th. Finally, JPMorgan Chase & Co. downgraded TriMas from an “overweight” rating to a “neutral” rating in a report on Thursday, July 12th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.75.
NASDAQ:TRS opened at $29.32 on Monday. TriMas has a 52 week low of $22.70 and a 52 week high of $31.80. The company has a market capitalization of $1.35 billion, a P/E ratio of 21.10, a PEG ratio of 3.37 and a beta of 1.79. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.72 and a current ratio of 3.02.
TriMas (NASDAQ:TRS) last released its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. TriMas had a return on equity of 13.54% and a net margin of 7.27%. The firm had revenue of $223.78 million for the quarter, compared to the consensus estimate of $218.65 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis.
In other TriMas news, CFO Robert J. Zalupski sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $31.08, for a total transaction of $155,400.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in TRS. Meeder Asset Management Inc. boosted its position in shares of TriMas by 580.4% in the third quarter. Meeder Asset Management Inc. now owns 7,335 shares of the industrial products company’s stock valued at $224,000 after acquiring an additional 6,257 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in shares of TriMas in the second quarter valued at approximately $228,000. Zions Bancorporation bought a new stake in shares of TriMas in the third quarter valued at approximately $229,000. Xact Kapitalforvaltning AB bought a new stake in shares of TriMas in the first quarter valued at approximately $244,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of TriMas in the third quarter valued at approximately $264,000. Institutional investors own 98.15% of the company’s stock.
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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