TriMas Corp (NASDAQ:TRS) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday.
Other equities analysts have also issued reports about the stock. ValuEngine raised shares of TriMas Corp from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Seaport Global Securities lowered shares of TriMas Corp from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research report on Friday, September 15th. J P Morgan Chase & Co raised shares of TriMas Corp from a “neutral” rating to an “overweight” rating and set a $27.00 target price on the stock in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of TriMas Corp from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $24.00 target price (up from $22.00) on shares of TriMas Corp in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $25.25.
Shares of TriMas Corp (NASDAQ TRS) opened at $24.90 on Wednesday. TriMas Corp has a 1 year low of $19.75 and a 1 year high of $28.85.
TriMas Corp (NASDAQ:TRS) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.39 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.39. The business had revenue of $209.30 million for the quarter, compared to analyst estimates of $208.89 million. TriMas Corp had a net margin of 6.96% and a return on equity of 11.47%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share.
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In other news, insider Paul Swart sold 1,500 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $26.57, for a total transaction of $39,855.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its stake in shares of TriMas Corp by 148.8% during the second quarter. Acrospire Investment Management LLC now owns 5,085 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 3,041 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of TriMas Corp by 114.4% during the third quarter. Great West Life Assurance Co. Can now owns 6,790 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 3,623 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in TriMas Corp by 231.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,742 shares of the industrial products company’s stock valued at $161,000 after acquiring an additional 5,404 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in TriMas Corp in the third quarter valued at approximately $227,000. Finally, SG Americas Securities LLC acquired a new stake in TriMas Corp in the third quarter valued at approximately $228,000.
TriMas Corp 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.
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