TriMas (NASDAQ:TRS) Rating Increased 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 report issued on Wednesday.

Separately, BWS Financial reissued a “buy” rating and set a $40.00 target price on shares of TriMas in a research note on Tuesday, November 5th.

TriMas Stock Performance

NASDAQ TRS opened at $25.58 on Wednesday. TriMas has a fifty-two week low of $22.45 and a fifty-two week high of $28.51. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.44 and a current ratio of 2.83. The firm has a market capitalization of $1.04 billion, a P/E ratio of 40.55 and a beta of 0.66. The stock has a 50-day simple moving average of $26.11 and a two-hundred day simple moving average of $25.87.

TriMas (NASDAQ:TRS) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14). The company had revenue of $229.36 million during the quarter, compared to analyst estimates of $239.33 million. TriMas had a net margin of 2.93% and a return on equity of 9.21%. The company’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 earnings per share. On average, equities analysts forecast that TriMas will post 1.74 earnings per share for the current year.

Institutional Investors Weigh In On TriMas

Several large investors have recently bought and sold shares of TRS. FMR LLC lifted its holdings in TriMas by 1.7% in the 3rd quarter. FMR LLC now owns 44,082 shares of the industrial products company’s stock valued at $1,125,000 after purchasing an additional 729 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of TriMas by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 582,846 shares of the industrial products company’s stock worth $14,880,000 after buying an additional 4,977 shares in the last quarter. Intech Investment Management LLC acquired a new position in TriMas during the third quarter worth about $269,000. Sasco Capital Inc. CT grew its stake in TriMas by 26.6% during the 3rd quarter. Sasco Capital Inc. CT now owns 44,980 shares of the industrial products company’s stock valued at $1,148,000 after acquiring an additional 9,460 shares in the last quarter. Finally, Impax Asset Management Group plc raised its holdings in TriMas by 216.4% in the 3rd quarter. Impax Asset Management Group plc now owns 410,000 shares of the industrial products company’s stock valued at $10,467,000 after acquiring an additional 280,431 shares during the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

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.