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.
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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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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