Capital Fund Management S.A. bought a new position in shares of TriMas Corp (NASDAQ:TRS) during the third quarter, Holdings Channel reports. The fund bought 7,000 shares of the industrial products company’s stock, valued at approximately $213,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new stake in shares of TriMas during the third quarter worth about $203,000. Meeder Asset Management Inc. increased its position in shares of TriMas by 580.4% during the third quarter. Meeder Asset Management Inc. now owns 7,335 shares of the industrial products company’s stock worth $224,000 after purchasing an additional 6,257 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of TriMas during the second quarter worth about $228,000. Zions Bancorporation acquired a new stake in shares of TriMas during the third quarter worth about $229,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of TriMas during the third quarter worth about $264,000. Institutional investors and hedge funds own 97.83% of the company’s stock.
A number of analysts have recently commented on the company. BMO Capital Markets reiterated a “buy” rating and set a $35.00 target price on shares of TriMas in a research report on Friday, September 21st. BidaskClub cut TriMas from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. ValuEngine upgraded TriMas from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research cut TriMas from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $31.75.
Shares of TRS stock opened at $27.46 on Friday. The stock has a market capitalization of $1.25 billion, a P/E ratio of 19.61, a P/E/G ratio of 3.12 and a beta of 1.82. TriMas Corp has a 52-week low of $22.70 and a 52-week high of $31.80. 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 issued its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $223.78 million for the quarter, compared to analysts’ expectations of $218.65 million. TriMas had a return on equity of 13.54% and a net margin of 7.27%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. As a group, equities research analysts forecast that TriMas Corp will post 1.75 EPS for the current fiscal year.
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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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