TriMas Corporation (NASDAQ:TRS) CFO Robert J. Zalupski sold 2,816 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $25.94, for a total value of $73,047.04. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of TriMas Corporation (NASDAQ TRS) opened at $26.50 on Wednesday. The company has a current ratio of 2.67, a quick ratio of 1.33 and a debt-to-equity ratio of 0.62. TriMas Corporation has a 1 year low of $19.75 and a 1 year high of $28.85. The firm has a market capitalization of $1,197.89, a price-to-earnings ratio of 18.85, a P/E/G ratio of 2.88 and a beta of 2.05.
TriMas (NASDAQ:TRS) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $209.30 million during the quarter, compared to the consensus estimate of $208.89 million. TriMas had a positive return on equity of 12.18% and a negative net margin of 4.01%. TriMas’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS. analysts predict that TriMas Corporation will post 1.4 earnings per share for the current year.
Several analysts have recently issued reports on TRS shares. BidaskClub lowered TriMas from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Zacks Investment Research downgraded TriMas from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Seaport Global Securities downgraded TriMas from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.25.
A number of institutional investors have recently bought and sold shares of TRS. Teachers Advisors LLC raised its position in TriMas by 3.0% in the first quarter. Teachers Advisors LLC now owns 78,848 shares of the industrial products company’s stock valued at $1,636,000 after purchasing an additional 2,268 shares during the last quarter. Vanguard Group Inc. raised its position in TriMas by 4.7% in the first quarter. Vanguard Group Inc. now owns 3,647,737 shares of the industrial products company’s stock valued at $75,691,000 after purchasing an additional 164,476 shares during the last quarter. Geode Capital Management LLC raised its position in TriMas by 4.1% in the first quarter. Geode Capital Management LLC now owns 356,625 shares of the industrial products company’s stock valued at $7,399,000 after purchasing an additional 14,077 shares during the last quarter. Renaissance Technologies LLC bought a new position in TriMas in the first quarter valued at about $357,000. Finally, Schwab Charles Investment Management Inc. raised its position in TriMas by 10.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 301,417 shares of the industrial products company’s stock valued at $6,255,000 after purchasing an additional 28,051 shares during the last quarter. Hedge funds and other institutional investors own 97.66% of the company’s stock.
TriMas 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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