TriMas (TRS) Given a $29.00 Price Target at Deutsche Bank

TriMas (NASDAQ:TRS) has been assigned a $29.00 price objective by analysts at Deutsche Bank in a note issued to investors on Friday, Marketbeat Ratings reports. The firm currently has a “hold” rating on the industrial products company’s stock. Deutsche Bank’s price target would indicate a potential upside of 6.03% from the company’s current price.

Several other research firms have also issued reports on TRS. Zacks Investment Research lowered TriMas from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. BidaskClub upgraded TriMas from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Finally, ValuEngine upgraded TriMas from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $26.00.

TriMas (TRS) traded up $0.58 on Friday, reaching $27.35. The company’s stock had a trading volume of 291,328 shares, compared to its average volume of 139,173. TriMas has a 52 week low of $19.75 and a 52 week high of $28.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.67 and a quick ratio of 1.33. The stock has a market capitalization of $1,280.00, a price-to-earnings ratio of -37.99, a PEG ratio of 3.51 and a beta of 2.05.

TriMas (NASDAQ:TRS) last posted 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. TriMas had a positive return on equity of 12.18% and a negative net margin of 4.01%. The company had revenue of $209.30 million for the quarter, compared to analyst estimates of $208.89 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. research analysts predict that TriMas will post 1.4 earnings per share for the current fiscal year.

In other TriMas news, insider Joshua A. Sherbin sold 13,828 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $25.50, for a total value of $352,614.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert J. Zalupski sold 2,816 shares of TriMas stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $25.94, for a total value of $73,047.04. The disclosure for this sale can be found here. In the last three months, insiders sold 18,944 shares of company stock valued at $486,796. Corporate insiders own 1.40% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. lifted its holdings in shares of TriMas by 1.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 305,019 shares of the industrial products company’s stock worth $6,360,000 after purchasing an additional 3,602 shares during the period. American Century Companies Inc. lifted its holdings in shares of TriMas by 83.0% during the third quarter. American Century Companies Inc. now owns 137,061 shares of the industrial products company’s stock worth $3,701,000 after purchasing an additional 62,175 shares during the period. Barington Capital Group L.P. lifted its holdings in shares of TriMas by 13.5% during the second quarter. Barington Capital Group L.P. now owns 368,367 shares of the industrial products company’s stock worth $7,680,000 after purchasing an additional 43,700 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of TriMas by 41.3% during the third quarter. JPMorgan Chase & Co. now owns 124,676 shares of the industrial products company’s stock worth $3,367,000 after purchasing an additional 36,437 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of TriMas by 14.4% during the second quarter. Franklin Resources Inc. now owns 530,918 shares of the industrial products company’s stock worth $11,070,000 after purchasing an additional 66,700 shares during the period. 97.66% of the stock is owned by hedge funds and other institutional investors.

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About TriMas

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.

Analyst Recommendations for TriMas (NASDAQ:TRS)

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