TriMas Corp (TRS) Given Average Recommendation of “Hold” by Analysts
TriMas Corp (NYSE:TRS) has been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $24.67.
A number of brokerages have weighed in on TRS. BidaskClub lowered TriMas Corp from a “buy” rating to a “hold” rating in a research report on Thursday. J P Morgan Chase & Co raised TriMas Corp from a “neutral” rating to an “overweight” rating and set a $27.00 target price for the company in a research report on Wednesday, August 9th. Jefferies Group LLC reissued a “hold” rating and issued a $24.00 target price (up previously from $22.00) on shares of TriMas Corp in a research report on Monday, July 31st. ValuEngine raised TriMas Corp from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research lowered TriMas Corp from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th.
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Shares of TriMas Corp (NYSE:TRS) opened at 23.90 on Friday. The stock’s market cap is $1.09 billion. The stock has a 50 day moving average of $22.84 and a 200 day moving average of $21.95. TriMas Corp has a one year low of $17.00 and a one year high of $25.00.
TriMas Corp (NYSE:TRS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. TriMas Corp had a return on equity of 11.47% and a net margin of 6.96%. The business had revenue of $213.39 million during the quarter, compared to analyst estimates of $205.22 million. During the same quarter in the previous year, the firm earned $0.34 EPS. TriMas Corp’s revenue was up 5.0% on a year-over-year basis. On average, analysts forecast that TriMas Corp will post $1.43 EPS for the current year.
In other TriMas Corp news, CFO Robert J. Zalupski sold 2,200 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $22.00, for a total transaction of $48,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Swart sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $24.76, for a total value of $74,280.00. The disclosure for this sale can be found here. In the last three months, insiders sold 11,082 shares of company stock valued at $268,554.
Several large investors have recently added to or reduced their stakes in TRS. Pzena Investment Management LLC increased its stake in TriMas Corp by 34.9% in the first quarter. Pzena Investment Management LLC now owns 2,708,647 shares of the industrial products company’s stock worth $56,204,000 after buying an additional 700,756 shares in the last quarter. Royce & Associates LP increased its stake in TriMas Corp by 372.3% in the second quarter. Royce & Associates LP now owns 519,572 shares of the industrial products company’s stock worth $10,833,000 after buying an additional 409,572 shares in the last quarter. Thrivent Financial For Lutherans purchased a new stake in TriMas Corp during the second quarter worth about $6,643,000. Fiduciary Management Inc. WI increased its stake in TriMas Corp by 8.7% in the first quarter. Fiduciary Management Inc. WI now owns 2,731,135 shares of the industrial products company’s stock worth $56,671,000 after buying an additional 218,125 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in TriMas Corp by 8.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,641,954 shares of the industrial products company’s stock worth $54,821,000 after buying an additional 210,804 shares in the last quarter.
About TriMas Corp
TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.
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