TriMas Corp (TRS) Receives Consensus Rating of “Hold” from Analysts

TriMas Corp (NASDAQ:TRS) has been given an average recommendation of “Hold” by the eight analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $26.83.

TRS has been the subject of a number of research analyst reports. BidaskClub lowered TriMas from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. ValuEngine upgraded TriMas from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded TriMas from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Monday, January 22nd. Finally, Deutsche Bank set a $29.00 price target on TriMas and gave the stock a “hold” rating in a report on Friday, January 19th.

In other news, CFO Robert J. Zalupski sold 2,816 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $25.94, for a total transaction of $73,047.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joshua A. Sherbin sold 13,828 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $25.50, for a total value of $352,614.00. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC grew its position in TriMas by 0.3% in the second quarter. TIAA CREF Investment Management LLC now owns 123,277 shares of the industrial products company’s stock valued at $2,570,000 after acquiring an additional 352 shares during the period. Teachers Advisors LLC grew its position in TriMas by 2.3% in the second quarter. Teachers Advisors LLC now owns 80,677 shares of the industrial products company’s stock valued at $1,682,000 after acquiring an additional 1,829 shares during the period. Parametric Portfolio Associates LLC grew its position in TriMas by 2.2% in the second quarter. Parametric Portfolio Associates LLC now owns 100,021 shares of the industrial products company’s stock valued at $2,085,000 after acquiring an additional 2,159 shares during the period. American International Group Inc. grew its position in TriMas by 8.1% in the third quarter. American International Group Inc. now owns 30,530 shares of the industrial products company’s stock valued at $824,000 after acquiring an additional 2,283 shares during the period. Finally, Voya Investment Management LLC grew its position in TriMas by 12.4% in the second quarter. Voya Investment Management LLC now owns 20,657 shares of the industrial products company’s stock valued at $431,000 after acquiring an additional 2,284 shares during the period. Institutional investors and hedge funds own 97.32% of the company’s stock.

TriMas (NASDAQ:TRS) opened at $24.50 on Friday. TriMas has a 1-year low of $19.75 and a 1-year high of $28.85. The company has a market capitalization of $1,122.45, a P/E ratio of -34.03, a PEG ratio of 3.08 and a beta of 1.94. The company has a current ratio of 2.67, a quick ratio of 1.33 and a debt-to-equity ratio of 0.62.

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TriMas 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.

Analyst Recommendations for TriMas (NASDAQ:TRS)

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