TriMas (NASDAQ:TRS) Receives “Buy” Rating from BWS Financial

BWS Financial reaffirmed their buy rating on shares of TriMas (NASDAQ:TRSFree Report) in a research note published on Thursday,Benzinga reports. BWS Financial currently has a $40.00 price target on the industrial products company’s stock.

Separately, StockNews.com raised shares of TriMas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.

View Our Latest Stock Analysis on TRS

TriMas Stock Down 0.1 %

Shares of NASDAQ TRS opened at $25.40 on Thursday. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average of $25.07 and a 200-day moving average of $25.44. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 39.69 and a beta of 0.67. TriMas has a 12 month low of $22.24 and a 12 month high of $28.51.

TriMas (NASDAQ:TRSGet Free Report) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.14). The firm had revenue of $229.36 million for the quarter, compared to the consensus estimate of $239.33 million. TriMas had a return on equity of 9.21% and a net margin of 2.93%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.57 EPS. Sell-side analysts expect that TriMas will post 1.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TriMas

Institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. lifted its position in shares of TriMas by 12.5% in the second quarter. American Century Companies Inc. now owns 65,505 shares of the industrial products company’s stock worth $1,674,000 after buying an additional 7,304 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in TriMas by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,530,874 shares of the industrial products company’s stock worth $64,689,000 after acquiring an additional 19,436 shares during the last quarter. Sei Investments Co. raised its holdings in shares of TriMas by 21.3% during the 2nd quarter. Sei Investments Co. now owns 78,825 shares of the industrial products company’s stock worth $2,015,000 after acquiring an additional 13,844 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of TriMas by 47.5% during the 2nd quarter. Squarepoint Ops LLC now owns 50,044 shares of the industrial products company’s stock valued at $1,279,000 after acquiring an additional 16,127 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of TriMas in the second quarter valued at $611,000. 99.42% of the stock is owned by institutional investors.

TriMas Company Profile

(Get Free Report)

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.

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