BWS Financial Reaffirms “Buy” Rating for TriMas (NASDAQ:TRS)

TriMas (NASDAQ:TRS)‘s stock had its “buy” rating reissued by equities researchers at BWS Financial in a report issued on Monday,Benzinga reports. They presently have a $45.00 price objective on the industrial products company’s stock. BWS Financial’s price target would suggest a potential upside of 17.40% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Zacks Research cut shares of TriMas from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. KeyCorp reaffirmed an “overweight” rating and issued a $38.00 price objective on shares of TriMas in a research note on Thursday, February 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TriMas in a research report on Monday, December 29th. Finally, Wall Street Zen lowered TriMas from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.

TriMas Stock Performance

TRS opened at $38.33 on Monday. The company has a quick ratio of 1.42, a current ratio of 2.68 and a debt-to-equity ratio of 0.56. The firm has a market cap of $1.56 billion, a PE ratio of 12.91 and a beta of 0.55. The business has a fifty day simple moving average of $35.71 and a 200-day simple moving average of $36.01. TriMas has a fifty-two week low of $19.45 and a fifty-two week high of $42.00.

TriMas (NASDAQ:TRS) last announced its earnings results on Thursday, February 26th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). TriMas had a return on equity of 12.02% and a net margin of 11.53%.The company had revenue of $155.49 million for the quarter, compared to analyst estimates of $192.96 million. During the same period last year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, equities analysts predict that TriMas will post 1.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in shares of TriMas during the 4th quarter worth about $29,000. Covestor Ltd increased its holdings in TriMas by 20,525.0% in the fourth quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock worth $29,000 after buying an additional 821 shares during the last quarter. Quarry LP bought a new position in TriMas during the third quarter valued at approximately $36,000. Ball & Co Wealth Management Inc. acquired a new stake in TriMas in the fourth quarter valued at approximately $35,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in TriMas in the third quarter worth approximately $48,000. Hedge funds and other institutional investors own 99.42% of the company’s stock.

TriMas Company Profile

TriMas Corporation is a diversified industrial company headquartered in Bloomfield Hills, Michigan. Established in 1980, TriMas has built a global reputation for designing and manufacturing specialized products that serve a wide array of end markets. The company operates through multiple segments, each focused on high-demand niches where engineered solutions and rigorous quality standards are essential.

The Packaging segment supplies closures, dispensing systems and related components for the personal care, household chemicals, food and beverage, and pharmaceutical markets.