TriMas (TRS) Downgraded to Hold at BidaskClub

TriMas (NASDAQ:TRS) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Other analysts have also issued reports about the company. Seaport Global Securities lowered TriMas from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research note on Friday, September 15th. ValuEngine upgraded TriMas from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research cut TriMas from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $25.25.

Shares of TriMas (TRS) opened at $26.75 on Wednesday. The stock has a market capitalization of $1,220.00, a price-to-earnings ratio of -37.15, a price-to-earnings-growth ratio of 3.53 and a beta of 2.05. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.67 and a quick ratio of 1.33. TriMas has a one year low of $19.75 and a one year high of $28.85.

TriMas (NASDAQ:TRS) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The firm had revenue of $209.30 million for the quarter, compared to analyst estimates of $208.89 million. TriMas had a positive return on equity of 12.18% and a negative net margin of 4.01%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. equities research analysts predict that TriMas will post 1.4 EPS for the current year.

In related news, CFO Robert J. Zalupski sold 2,816 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $25.94, for a total transaction of $73,047.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul Swart sold 1,500 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $26.57, for a total value of $39,855.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,944 shares of company stock valued at $486,796. 1.40% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc grew its position in TriMas by 1.9% during the second quarter. Legal & General Group Plc now owns 15,985 shares of the industrial products company’s stock worth $333,000 after buying an additional 301 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in shares of TriMas by 0.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 123,277 shares of the industrial products company’s stock worth $2,570,000 after purchasing an additional 352 shares in the last quarter. Citadel Advisors LLC boosted its holdings in shares of TriMas by 0.5% in the 2nd quarter. Citadel Advisors LLC now owns 134,308 shares of the industrial products company’s stock worth $2,800,000 after purchasing an additional 693 shares in the last quarter. Brandywine Global Investment Management LLC boosted its holdings in shares of TriMas by 0.9% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 122,135 shares of the industrial products company’s stock worth $2,547,000 after purchasing an additional 1,149 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in shares of TriMas by 2.3% in the 2nd quarter. Teachers Advisors LLC now owns 80,677 shares of the industrial products company’s stock worth $1,682,000 after purchasing an additional 1,829 shares in the last quarter. 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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