StockNews.com Upgrades TriMas (NASDAQ:TRS) to Hold

StockNews.com upgraded shares of TriMas (NASDAQ:TRS) from a sell rating to a hold rating in a research note published on Wednesday.

Separately, BWS Financial restated a “buy” rating and set a $40.00 target price on shares of TriMas in a report on Tuesday, November 5th.

TriMas Stock Down 0.2 %

TRS opened at $25.54 on Wednesday. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. The business’s 50-day moving average price is $26.15 and its 200-day moving average price is $25.86. The company has a market cap of $1.04 billion, a P/E ratio of 39.91 and a beta of 0.66. TriMas has a 12 month low of $22.45 and a 12 month high of $28.51.

TriMas (NASDAQ:TRS) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14). The firm had revenue of $229.36 million during the quarter, compared to analysts’ expectations of $239.33 million. TriMas had a net margin of 2.93% and a return on equity of 9.21%. TriMas’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. On average, equities analysts expect that TriMas will post 1.74 EPS for the current year.

TriMas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Tuesday, November 5th. TriMas’s payout ratio is currently 25.00%.

Institutional Trading of TriMas

Large investors have recently bought and sold shares of the company. Impax Asset Management Group plc raised its position in shares of TriMas by 216.4% in the 3rd quarter. Impax Asset Management Group plc now owns 410,000 shares of the industrial products company’s stock worth $10,467,000 after acquiring an additional 280,431 shares in the last quarter. Wellington Management Group LLP raised its holdings in TriMas by 10.7% in the third quarter. Wellington Management Group LLP now owns 2,619,359 shares of the industrial products company’s stock worth $66,872,000 after purchasing an additional 252,537 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in TriMas by 197.8% in the first quarter. Kennedy Capital Management LLC now owns 273,200 shares of the industrial products company’s stock worth $7,303,000 after purchasing an additional 181,447 shares in the last quarter. Invenomic Capital Management LP purchased a new position in TriMas during the third quarter valued at $3,655,000. Finally, Vanguard Group Inc. boosted its holdings in shares of TriMas by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 4,358,524 shares of the industrial products company’s stock valued at $116,503,000 after buying an additional 100,068 shares in the last quarter. 99.42% of the stock is owned by institutional investors.

TriMas Company Profile

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.