TriMas (NASDAQ:TRS) received a $29.00 target price from analysts at Deutsche Bank in a research report issued to clients and investors on Friday. The firm presently has a “hold” rating on the industrial products company’s stock. Deutsche Bank’s price target indicates a potential upside of 8.33% from the stock’s previous close.
Several other equities research analysts have also recently commented on TRS. BidaskClub raised TriMas from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 27th. Zacks Investment Research cut TriMas from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, ValuEngine raised TriMas from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $26.00.
TriMas (NASDAQ TRS) traded down $0.18 during midday trading on Friday, reaching $26.77. The company had a trading volume of 201,800 shares, compared to its average volume of 122,600. TriMas has a fifty-two week low of $19.75 and a fifty-two week high of $28.85. The firm has a market capitalization of $1,220.00, a PE ratio of -37.18, a P/E/G ratio of 3.53 and a beta of 2.05. The company has a quick ratio of 1.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.62.
TriMas (NASDAQ:TRS) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. TriMas had a positive return on equity of 12.18% and a negative net margin of 4.01%. The business had revenue of $209.30 million during the quarter, compared to analysts’ expectations of $208.89 million. During the same quarter last year, the firm posted $0.35 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. sell-side analysts predict that TriMas will post 1.4 earnings per share for the current year.
In other news, insider Paul Swart sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $26.57, for a total value of $39,855.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joshua A. Sherbin sold 13,828 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $25.50, for a total value of $352,614.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,944 shares of company stock worth $486,796. Corporate insiders own 1.40% of the company’s stock.
A number of institutional investors have recently modified their holdings of TRS. Schwab Charles Investment Management Inc. lifted its holdings in TriMas by 1.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 305,019 shares of the industrial products company’s stock worth $6,360,000 after acquiring an additional 3,602 shares during the period. Bank of New York Mellon Corp lifted its holdings in TriMas by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 264,752 shares of the industrial products company’s stock worth $5,519,000 after acquiring an additional 3,341 shares during the period. Legal & General Group Plc lifted its holdings in TriMas by 1.9% during the second quarter. Legal & General Group Plc now owns 15,985 shares of the industrial products company’s stock worth $333,000 after acquiring an additional 301 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in TriMas by 231.1% during the second quarter. BNP Paribas Arbitrage SA now owns 7,742 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 5,404 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in TriMas by 87.7% during the second quarter. Prudential Financial Inc. now owns 123,371 shares of the industrial products company’s stock worth $2,572,000 after acquiring an additional 57,640 shares during the period. Institutional investors and hedge funds own 97.66% of the company’s stock.
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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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