Shares of TriMas Corp (NASDAQ:TRS) have received a consensus recommendation of “Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $34.50.
Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of TriMas from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 20th. BMO Capital Markets reaffirmed a “buy” rating and issued a $36.00 price objective on shares of TriMas in a research note on Monday, February 25th. Finally, Wells Fargo & Co lifted their price objective on shares of TriMas from $30.00 to $33.00 and gave the stock a “market perform” rating in a research note on Friday, March 1st.
Shares of TRS stock traded down $0.12 during midday trading on Monday, reaching $29.47. 4,304 shares of the company were exchanged, compared to its average volume of 143,049. TriMas has a 12 month low of $25.18 and a 12 month high of $33.45. The stock has a market capitalization of $1.35 billion, a P/E ratio of 16.89, a P/E/G ratio of 3.10 and a beta of 1.52. The business has a 50 day simple moving average of $30.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.61 and a current ratio of 2.86.
TriMas (NASDAQ:TRS) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The company had revenue of $221.29 million for the quarter, compared to the consensus estimate of $225.12 million. TriMas had a net margin of 8.86% and a return on equity of 13.54%. TriMas’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. Equities research analysts predict that TriMas will post 1.91 EPS for the current year.
In other news, insider Joshua A. Sherbin sold 21,355 shares of TriMas stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $30.26, for a total value of $646,202.30. Following the transaction, the insider now directly owns 74,688 shares of the company’s stock, valued at $2,260,058.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Eugene A. Miller sold 10,000 shares of TriMas stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $30.01, for a total transaction of $300,100.00. Following the completion of the transaction, the director now directly owns 99,425 shares in the company, valued at $2,983,744.25. The disclosure for this sale can be found here. Insiders sold a total of 54,383 shares of company stock worth $1,649,389 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Natixis Advisors L.P. increased its position in shares of TriMas by 63.0% in the fourth quarter. Natixis Advisors L.P. now owns 257,818 shares of the industrial products company’s stock worth $7,035,000 after acquiring an additional 99,648 shares in the last quarter. Mawer Investment Management Ltd. increased its position in shares of TriMas by 35.3% in the first quarter. Mawer Investment Management Ltd. now owns 804,441 shares of the industrial products company’s stock worth $24,318,000 after acquiring an additional 209,915 shares in the last quarter. American Century Companies Inc. increased its position in shares of TriMas by 22.6% in the fourth quarter. American Century Companies Inc. now owns 165,075 shares of the industrial products company’s stock worth $4,505,000 after acquiring an additional 30,438 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of TriMas in the first quarter worth approximately $299,000. Finally, Geode Capital Management LLC boosted its holdings in shares of TriMas by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 524,716 shares of the industrial products company’s stock worth $14,319,000 after purchasing an additional 42,250 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.
TriMas Company Profile
TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs, manufactures, and sells specialty closure products, including steel and plastic drum closures, plastic pail dispensers and plugs, and plastic enclosures; specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, airless dispensers, and other packaging solutions for the cosmetic, personal care, and household product markets; and specialty plastic closures for bottles and jars in the food and beverage markets under the Rieke name.
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