TriMas Corp (TRS) Given Average Rating of “Hold” by Analysts
Shares of TriMas Corp (NYSE:TRS) have earned a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $25.25.
Several research firms recently issued reports on TRS. BidaskClub lowered shares of TriMas Corp from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research lowered shares of TriMas Corp from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Seaport Global Securities lowered shares of TriMas Corp from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a report on Friday, September 15th. J P Morgan Chase & Co upgraded shares of TriMas Corp from a “neutral” rating to an “overweight” rating and set a $27.00 target price on the stock in a report on Wednesday, August 9th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $24.00 target price (up previously from $22.00) on shares of TriMas Corp in a report on Monday, July 31st.
TriMas Corp (NYSE:TRS) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $209.30 million for the quarter, compared to analyst estimates of $208.89 million. TriMas Corp had a net margin of 6.96% and a return on equity of 11.47%. TriMas Corp’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC raised its holdings in shares of TriMas Corp by 148.8% during the second quarter. Acrospire Investment Management LLC now owns 5,085 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 3,041 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of TriMas Corp by 231.1% during the second quarter. BNP Paribas Arbitrage SA now owns 7,742 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 5,404 shares during the period. Sei Investments Co. raised its holdings in shares of TriMas Corp by 32.2% during the second quarter. Sei Investments Co. now owns 9,276 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 2,259 shares during the period. GW&K Investment Management LLC acquired a new position in shares of TriMas Corp during the second quarter valued at about $205,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of TriMas Corp during the second quarter valued at about $248,000.
TriMas Corp Company Profile
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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