TriMas (NASDAQ:TRS) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of TriMas (NASDAQ:TRS) from a sell rating to a hold rating in a research note released on Tuesday morning, BidAskClub reports.

TRS has been the topic of a number of other research reports. William Blair upgraded shares of TriMas from a market perform rating to an outperform rating in a research report on Thursday, April 2nd. Zacks Investment Research raised shares of TriMas from a sell rating to a hold rating and set a $21.00 price target for the company in a research note on Saturday, May 16th.

TriMas stock opened at $23.81 on Tuesday. The company’s 50-day moving average price is $22.75 and its two-hundred day moving average price is $25.94. TriMas has a twelve month low of $18.05 and a twelve month high of $33.07. The stock has a market cap of $984.96 million, a P/E ratio of 11.61 and a beta of 1.03. The company has a quick ratio of 3.30, a current ratio of 4.64 and a debt-to-equity ratio of 0.69.

TriMas (NASDAQ:TRS) last announced its earnings results on Thursday, April 30th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.04. TriMas had a net margin of 11.16% and a return on equity of 10.72%. The firm had revenue of $182.80 million for the quarter, compared to analyst estimates of $177.23 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. Equities analysts anticipate that TriMas will post 1.25 earnings per share for the current fiscal year.

In other TriMas news, Director Holly M. Boehne acquired 2,582 shares of TriMas stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $19.31 per share, for a total transaction of $49,858.42. Following the completion of the acquisition, the director now directly owns 6,952 shares of the company’s stock, valued at $134,243.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in TRS. Wellington Management Group LLP raised its position in TriMas by 2.6% in the first quarter. Wellington Management Group LLP now owns 3,521,152 shares of the industrial products company’s stock worth $81,339,000 after acquiring an additional 90,780 shares during the period. Fiduciary Management Inc. WI raised its position in shares of TriMas by 12.2% in the first quarter. Fiduciary Management Inc. WI now owns 3,507,379 shares of the industrial products company’s stock valued at $81,020,000 after purchasing an additional 382,134 shares during the period. Champlain Investment Partners LLC raised its position in shares of TriMas by 29.0% in the first quarter. Champlain Investment Partners LLC now owns 2,094,140 shares of the industrial products company’s stock valued at $48,375,000 after purchasing an additional 470,215 shares during the period. Victory Capital Management Inc. raised its position in shares of TriMas by 4.4% in the first quarter. Victory Capital Management Inc. now owns 2,003,237 shares of the industrial products company’s stock valued at $46,275,000 after purchasing an additional 85,118 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of TriMas by 25.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,480,937 shares of the industrial products company’s stock valued at $34,210,000 after purchasing an additional 304,735 shares during the period. Institutional investors and hedge funds own 96.57% 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 end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs, manufactures, and sells specialty closure products, including steel and plastic drum closures, plastic pail dispensers and plugs, and plastic enclosures; specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, airless dispensers, and other packaging solutions for the cosmetic, personal care, and household product markets; and specialty plastic closures for bottles and jars in the food and beverage markets under the Rieke name.

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