TriMas Corp (TRS) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of TriMas Corp (NYSE:TRS) from a sell rating to a hold rating in a research report released on Tuesday, July 11th.

Several other analysts have also recently issued reports on the company. Zacks Investment Research upgraded TriMas Corp from a hold rating to a buy rating and set a $23.00 price objective on the stock in a research note on Saturday, July 1st. ValuEngine upgraded TriMas Corp from a hold rating to a buy rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC reiterated a hold rating and issued a $22.00 price objective (up from $18.00) on shares of TriMas Corp in a research note on Monday, March 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $24.25.

TriMas Corp (NYSE TRS) remained flat at $23.90 on Tuesday. The company’s stock had a trading volume of 225,446 shares. TriMas Corp has a 52-week low of $17.00 and a 52-week high of $25.00. The company’s 50 day moving average price is $22.29 and its 200 day moving average price is $21.85. The firm’s market cap is $1.09 billion.

TriMas Corp (NYSE:TRS) last announced its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The business had revenue of $213.39 million for the quarter, compared to analysts’ expectations of $205.22 million. TriMas Corp had a return on equity of 11.47% and a net margin of 6.96%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $0.34 earnings per share. On average, equities research analysts anticipate that TriMas Corp will post $1.43 earnings per share for the current year.

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In other TriMas Corp news, CFO Robert J. Zalupski sold 2,200 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $22.00, for a total transaction of $48,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Nancy Gougarty sold 5,882 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $24.80, for a total value of $145,873.60. Following the transaction, the director now directly owns 19,293 shares in the company, valued at approximately $478,466.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,082 shares of company stock worth $268,554.

A number of large investors have recently made changes to their positions in TRS. Wellington Management Group LLP increased its stake in shares of TriMas Corp by 0.9% in the first quarter. Wellington Management Group LLP now owns 4,827,588 shares of the industrial products company’s stock worth $100,173,000 after buying an additional 42,072 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of TriMas Corp by 2.9% in the second quarter. Vanguard Group Inc. now owns 3,753,870 shares of the industrial products company’s stock worth $78,268,000 after buying an additional 106,133 shares during the last quarter. Fiduciary Management Inc. WI increased its stake in shares of TriMas Corp by 0.5% in the second quarter. Fiduciary Management Inc. WI now owns 2,745,646 shares of the industrial products company’s stock worth $57,247,000 after buying an additional 14,511 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of TriMas Corp by 34.9% in the first quarter. Pzena Investment Management LLC now owns 2,708,647 shares of the industrial products company’s stock worth $56,204,000 after buying an additional 700,756 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of TriMas Corp by 8.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,641,954 shares of the industrial products company’s stock worth $54,821,000 after buying an additional 210,804 shares during the last quarter.

About TriMas Corp

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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