TriMas (NASDAQ:TRS) Raised to Hold at StockNews.com

TriMas (NASDAQ:TRS) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Separately, BWS Financial reaffirmed a “buy” rating and issued a $40.00 price objective on shares of TriMas in a research report on Tuesday, November 5th.

TriMas Stock Down 3.4 %

TriMas stock opened at $25.58 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 2.83 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.04 billion, a P/E ratio of 40.55 and a beta of 0.66. The business has a fifty day moving average of $26.11 and a two-hundred day moving average of $25.87. TriMas has a twelve month low of $22.45 and a twelve month high of $28.51.

TriMas (NASDAQ:TRS) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14). TriMas had a return on equity of 9.21% and a net margin of 2.93%. The company had revenue of $229.36 million for the quarter, compared to analysts’ expectations of $239.33 million. During the same quarter last year, the company earned $0.57 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, analysts forecast that TriMas will post 1.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TriMas

A number of large investors have recently modified their holdings of TRS. Quantbot Technologies LP boosted its stake in TriMas by 5.7% in the 1st quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock worth $239,000 after purchasing an additional 478 shares in the last quarter. Algert Global LLC raised its holdings in shares of TriMas by 4.2% in the second quarter. Algert Global LLC now owns 15,779 shares of the industrial products company’s stock worth $403,000 after buying an additional 639 shares during the last quarter. FMR LLC lifted its stake in shares of TriMas by 1.7% during the third quarter. FMR LLC now owns 44,082 shares of the industrial products company’s stock worth $1,125,000 after buying an additional 729 shares during the period. Rhumbline Advisers grew its holdings in shares of TriMas by 1.4% during the second quarter. Rhumbline Advisers now owns 69,328 shares of the industrial products company’s stock valued at $1,772,000 after buying an additional 985 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of TriMas in the 2nd quarter valued at $26,000. Hedge funds and other institutional investors own 99.42% of the company’s stock.

About TriMas

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.