TriMas Co. (NASDAQ:TRS) reached a new 52-week high and low during mid-day trading on Monday . The company traded as low as $29.15 and last traded at $29.10, with a volume of 856 shares trading hands. The stock had previously closed at $28.90.
TRS has been the topic of a number of recent research reports. Zacks Investment Research upgraded TriMas from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Monday, January 22nd. ValuEngine upgraded shares of TriMas from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub cut shares of TriMas from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. JPMorgan Chase restated an “overweight” rating and set a $32.00 price objective (down from $33.00) on shares of TriMas in a research note on Tuesday, March 6th. Finally, BMO Capital Markets began coverage on shares of TriMas in a research note on Tuesday, April 3rd. They set an “outperform” rating and a $33.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. TriMas has an average rating of “Buy” and a consensus price target of $29.33.
The company has a market cap of $1.32 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 3.42 and a beta of 1.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.83.
TriMas (NASDAQ:TRS) last released its earnings results on Thursday, April 26th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The firm had revenue of $217.10 million for the quarter, compared to analyst estimates of $208.81 million. TriMas had a return on equity of 12.71% and a net margin of 5.78%. TriMas’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. sell-side analysts forecast that TriMas Co. will post 1.68 EPS for the current fiscal year.
In related news, CAO Paul Swart sold 2,000 shares of TriMas stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $27.05, for a total value of $54,100.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joshua A. Sherbin sold 29,546 shares of TriMas stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $27.37, for a total value of $808,674.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,000 shares of company stock worth $1,011,509. 1.10% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Teacher Retirement System of Texas purchased a new position in TriMas in the 4th quarter worth about $419,000. Martingale Asset Management L P increased its stake in TriMas by 251.5% in the 4th quarter. Martingale Asset Management L P now owns 62,245 shares of the industrial products company’s stock worth $1,666,000 after purchasing an additional 44,538 shares in the last quarter. Investors Research Corp purchased a new position in TriMas in the 4th quarter worth about $477,000. Cigna Investments Inc. New purchased a new position in TriMas in the 4th quarter worth about $212,000. Finally, Swiss National Bank increased its stake in TriMas by 6.5% in the 4th quarter. Swiss National Bank now owns 79,900 shares of the industrial products company’s stock worth $2,137,000 after purchasing an additional 4,900 shares in the last quarter. 97.53% of the stock is currently owned by hedge funds and other institutional investors.
TriMas Company Profile
TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas markets worldwide. The company operates through four segments: Packaging, Aerospace, Energy, and Engineered Components. The Packaging segment designs and manufactures industrial closure products, including steel drum and plastic enclosures, plastic drum closures, and plastic pail dispensers and plugs; and specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, and other packaging solutions for the cosmetic, personal care, and household product markets, as well as specialty plastic closures for bottles and jars, and dispensing pumps for the food and beverage markets.
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