TriMas’ (TRS) “Buy” Rating Reiterated at BWS Financial

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

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

TriMas Stock Performance

TRS stock opened at $25.40 on Thursday. The business’s 50-day moving average price is $25.07 and its two-hundred day moving average price is $25.44. TriMas has a 1-year low of $22.24 and a 1-year high of $28.51. 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 firm has a market cap of $1.03 billion, a PE ratio of 39.69 and a beta of 0.67.

TriMas (NASDAQ:TRS) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.14). The business had revenue of $229.36 million for the quarter, compared to analyst estimates of $239.33 million. TriMas had a return on equity of 9.21% and a net margin of 2.93%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 EPS. As a group, research analysts forecast that TriMas will post 1.69 earnings per share for the current year.

Institutional Trading of TriMas

Hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its holdings in shares of TriMas by 1.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145,236 shares of the industrial products company’s stock worth $80,298,000 after purchasing an additional 51,701 shares during the period. Wellington Management Group LLP raised its stake in shares of TriMas by 10.7% in the third quarter. Wellington Management Group LLP now owns 2,619,359 shares of the industrial products company’s stock valued at $66,872,000 after buying an additional 252,537 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of TriMas by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,530,874 shares of the industrial products company’s stock valued at $64,689,000 after buying an additional 19,436 shares during the last quarter. State Street Corp increased its holdings in TriMas by 4.1% in the 3rd quarter. State Street Corp now owns 994,114 shares of the industrial products company’s stock worth $25,380,000 after acquiring an additional 39,497 shares during the last quarter. Finally, Barington Capital Group L.P. raised its stake in TriMas by 4.3% in the 3rd quarter. Barington Capital Group L.P. now owns 608,000 shares of the industrial products company’s stock valued at $15,522,000 after acquiring an additional 25,000 shares during the period. 99.42% of the stock is currently owned by institutional investors.

TriMas Company Profile

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.