TriMas (NASDAQ:TRS) Upgraded at StockNews.com

StockNews.com upgraded shares of TriMas (NASDAQ:TRS) from a sell rating to a hold rating in a report released on Wednesday.

Separately, BWS Financial restated a “buy” rating and set a $40.00 target price on shares of TriMas in a research report on Tuesday, November 5th.

TriMas Stock Down 0.2 %

Shares of TRS opened at $25.54 on Wednesday. The company has a market capitalization of $1.04 billion, a PE ratio of 39.91 and a beta of 0.66. The stock’s 50-day moving average price is $26.15 and its two-hundred day moving average price is $25.86. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. TriMas has a 12 month low of $22.45 and a 12 month high of $28.51.

TriMas (NASDAQ:TRS) last posted 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). The company had revenue of $229.36 million during the quarter, compared to analyst estimates of $239.33 million. TriMas had a return on equity of 9.21% and a net margin of 2.93%. TriMas’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share. On average, analysts anticipate that TriMas will post 1.74 EPS for the current year.

TriMas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.63%. TriMas’s dividend payout ratio (DPR) is presently 25.00%.

Institutional Trading of TriMas

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its holdings in TriMas by 79.8% during the 1st quarter. BNP Paribas Financial Markets now owns 20,225 shares of the industrial products company’s stock worth $541,000 after acquiring an additional 8,978 shares during the last quarter. Quantbot Technologies LP boosted its stake in TriMas by 5.7% in the 1st quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock worth $239,000 after purchasing an additional 478 shares during the period. First Eagle Investment Management LLC boosted its position in shares of TriMas by 109.2% in the first quarter. First Eagle Investment Management LLC now owns 190,206 shares of the industrial products company’s stock valued at $5,084,000 after acquiring an additional 99,300 shares during the period. Vanguard Group Inc. grew its position in shares of TriMas by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 4,358,524 shares of the industrial products company’s stock valued at $116,503,000 after purchasing an additional 100,068 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in TriMas by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,870 shares of the industrial products company’s stock worth $639,000 after acquiring an additional 1,478 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

About TriMas

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.