TriMas (NASDAQ:TRS) Lowered to Sell Rating by StockNews.com

TriMas (NASDAQ:TRS) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Separately, BWS Financial reaffirmed a “buy” rating and set a $40.00 price target on shares of TriMas in a research report on Tuesday.

TriMas Trading Up 5.4 %

TRS traded up $1.35 during midday trading on Tuesday, reaching $26.18. 503,782 shares of the company were exchanged, compared to its average volume of 266,373. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.48 and a current ratio of 2.82. TriMas has a one year low of $22.45 and a one year high of $28.51. The stock has a market capitalization of $1.06 billion, a P/E ratio of 40.91 and a beta of 0.66. The stock’s 50-day simple moving average is $25.86 and its 200 day simple moving average is $25.82.

TriMas (NASDAQ:TRS) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.14). TriMas had a net margin of 4.44% and a return on equity of 9.61%. The business had revenue of $229.36 million for the quarter, compared to the consensus estimate of $239.33 million. During the same quarter last year, the firm earned $0.57 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, analysts forecast that TriMas will post 1.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TriMas

A number of institutional investors and hedge funds have recently bought and sold shares of TRS. Impax Asset Management Group plc grew its stake in TriMas by 216.4% during the third quarter. Impax Asset Management Group plc now owns 410,000 shares of the industrial products company’s stock worth $10,467,000 after purchasing an additional 280,431 shares during the period. Kennedy Capital Management LLC lifted its holdings in TriMas by 197.8% during the first quarter. Kennedy Capital Management LLC now owns 273,200 shares of the industrial products company’s stock worth $7,303,000 after acquiring an additional 181,447 shares during the period. Vanguard Group Inc. lifted its holdings in TriMas by 2.3% during the first quarter. Vanguard Group Inc. now owns 4,358,524 shares of the industrial products company’s stock worth $116,503,000 after acquiring an additional 100,068 shares during the period. First Eagle Investment Management LLC lifted its position in shares of TriMas by 109.2% during the 1st quarter. First Eagle Investment Management LLC now owns 190,206 shares of the industrial products company’s stock valued at $5,084,000 after buying an additional 99,300 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in TriMas by 1.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,145,236 shares of the industrial products company’s stock valued at $80,298,000 after purchasing an additional 51,701 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

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.