TriMas (NASDAQ:TRS) Receives Buy Rating from BWS Financial

TriMas (NASDAQ:TRS)‘s stock had its “buy” rating reiterated by stock analysts at BWS Financial in a research note issued on Thursday,Benzinga reports. They currently have a $40.00 target price on the industrial products company’s stock. BWS Financial’s price objective would suggest a potential upside of 63.33% from the company’s current price.

Separately, StockNews.com raised TriMas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.

TriMas Price Performance

TRS stock traded down $0.11 during midday trading on Thursday, reaching $24.49. 28,800 shares of the company’s stock traded hands, compared to its average volume of 202,748. The company has a 50-day simple moving average of $25.11 and a two-hundred day simple moving average of $25.44. TriMas has a 1-year low of $22.24 and a 1-year high of $28.51. The company has a market cap of $993.56 million, a price-to-earnings ratio of 38.19 and a beta of 0.67. The company has a quick ratio of 1.44, a current ratio of 2.83 and a debt-to-equity ratio of 0.60.

TriMas (NASDAQ:TRS) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14). TriMas had a net margin of 2.93% and a return on equity of 9.21%. The firm had revenue of $229.36 million during the quarter, compared to the consensus estimate of $239.33 million. During the same quarter in the previous year, the business posted $0.57 earnings per share. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. On average, analysts anticipate that TriMas will post 1.69 earnings per share for the current year.

Institutional Investors Weigh In On TriMas

A number of hedge funds have recently made changes to their positions in the business. Aristides Capital LLC purchased a new position in TriMas during the 2nd quarter valued at $245,000. Intech Investment Management LLC purchased a new position in TriMas during the 3rd quarter valued at $269,000. Paloma Partners Management Co purchased a new position in TriMas during the 3rd quarter valued at $293,000. XTX Topco Ltd purchased a new position in TriMas during the 3rd quarter valued at $371,000. Finally, Algert Global LLC increased its position in TriMas by 4.2% during the 2nd quarter. Algert Global LLC now owns 15,779 shares of the industrial products company’s stock valued at $403,000 after purchasing an additional 639 shares during the period. 99.42% of the stock is currently owned by institutional investors.

TriMas Company Profile

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.