TriMas (NASDAQ:TRS) Upgraded by TheStreet to B-

TheStreet upgraded shares of TriMas (NASDAQ:TRS) from a c rating to a b- rating in a research note published on Wednesday, TheStreetRatingsTable reports.

Separately, Zacks Investment Research cut shares of TriMas from a buy rating to a hold rating and set a $35.00 price objective for the company. in a report on Wednesday, June 30th.

Shares of TriMas stock opened at $34.51 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.95 and a current ratio of 3.02. The stock has a market capitalization of $1.48 billion, a PE ratio of -28.52 and a beta of 0.76. TriMas has a 52-week low of $22.82 and a 52-week high of $36.62. The company has a 50-day simple moving average of $31.34 and a two-hundred day simple moving average of $31.37.

TriMas (NASDAQ:TRS) last issued its earnings results on Wednesday, July 28th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.07. The business had revenue of $218.99 million during the quarter, compared to analysts’ expectations of $223.83 million. TriMas had a negative net margin of 6.43% and a positive return on equity of 12.88%. As a group, equities research analysts forecast that TriMas will post 2.3 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 10th. Stockholders of record on Wednesday, November 3rd will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, November 2nd. This represents a $0.16 annualized dividend and a dividend yield of 0.46%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bbva USA purchased a new stake in TriMas during the second quarter valued at approximately $30,000. Berman Capital Advisors LLC increased its holdings in TriMas by 51.3% during the third quarter. Berman Capital Advisors LLC now owns 1,024 shares of the industrial products company’s stock valued at $33,000 after buying an additional 347 shares during the last quarter. Federated Hermes Inc. increased its holdings in TriMas by 122.8% during the first quarter. Federated Hermes Inc. now owns 3,164 shares of the industrial products company’s stock valued at $96,000 after buying an additional 1,744 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in TriMas by 22.2% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,761 shares of the industrial products company’s stock valued at $144,000 after buying an additional 866 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of TriMas in the second quarter worth approximately $210,000. 97.45% of the stock is owned by hedge funds and other institutional investors.

TriMas Company Profile

TriMas Corp. engages in the manufacture of industrial products for customers in the consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets. It operates through the following segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs and manufactures dispensing products, (including foaming pumps, lotion and hand soap pumps, sanitizer pumps, beverage dispensers, perfume sprayers, nasal sprayers and trigger sprayers), polymeric and steel caps and closures (including food lids, flip-top closures, child resistance caps, drum and pail closures and flexible spouts), polymeric jar products, and fully integrated dispensers for fill-ready bag-in-box applications, all for a variety of consumer product markets including, but not limited to beauty and personal care, home care, food and beverage, and pharmaceutical and nutraceutical, as well as the industrial market.

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