TriMas (NASDAQ:TRS) Shares Gap Down – Should You Sell?

TriMas Corporation (NASDAQ:TRS) shares gapped down prior to trading on Thursday . The stock had previously closed at $39.03, but opened at $37.49. TriMas shares last traded at $37.7350, with a volume of 5,477 shares trading hands.

Analyst Ratings Changes

TRS has been the subject of a number of research reports. Zacks Research cut shares of TriMas from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. BWS Financial restated a “buy” rating and set a $45.00 price objective on shares of TriMas in a research report on Monday, March 2nd. KeyCorp reaffirmed an “overweight” rating and set a $38.00 price objective on shares of TriMas in a report on Thursday, February 26th. Finally, Weiss Ratings upgraded shares of TriMas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $41.50.

TriMas Price Performance

The stock has a market capitalization of $1.40 billion, a PE ratio of 12.88 and a beta of 0.61. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.52 and a quick ratio of 1.93. The firm’s 50 day simple moving average is $36.75 and its 200 day simple moving average is $35.58.

TriMas (NASDAQ:TRS) last announced its quarterly earnings data 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 net margin of 11.53% and a return on equity of 12.04%. The business had revenue of ($139.97) million during the quarter, compared to analysts’ expectations of $192.96 million. During the same period last year, the company posted $0.43 EPS. TriMas’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, equities analysts forecast that TriMas Corporation will post 1.69 EPS for the current fiscal year.

TriMas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 27th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, February 27th. TriMas’s dividend payout ratio is presently 5.39%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. AdvisorNet Financial Inc purchased a new stake in TriMas during the 1st quarter valued at about $28,000. Los Angeles Capital Management LLC bought a new position in TriMas during the 4th quarter worth approximately $29,000. Covestor Ltd increased its stake in TriMas by 20,525.0% in the 4th quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 821 shares during the period. Quarry LP purchased a new position in TriMas in the 3rd quarter worth approximately $36,000. Finally, Ball & Co Wealth Management Inc. bought a new stake in TriMas in the fourth quarter valued at approximately $35,000. 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.