TriMas (NASDAQ:TRS) Sets New 52-Week Low – Should You Sell?

TriMas Co. (NASDAQ:TRS) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $22.24 and last traded at $22.30, with a volume of 5301 shares changing hands. The stock had previously closed at $22.74.

Analysts Set New Price Targets

A number of research analysts have recently commented on TRS shares. StockNews.com upgraded TriMas from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. BWS Financial restated a “buy” rating and issued a $40.00 price objective on shares of TriMas in a research note on Tuesday, November 5th.

TriMas Price Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44. The stock’s 50 day simple moving average is $25.62 and its two-hundred day simple moving average is $25.53. The stock has a market cap of $938.02 million, a price-to-earnings ratio of 36.13 and a beta of 0.67.

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

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, November 5th. TriMas’s dividend payout ratio (DPR) is currently 25.00%.

Institutional Investors Weigh In On TriMas

A number of hedge funds and other institutional investors have recently bought and sold shares of TRS. Algert Global LLC raised its holdings in shares of TriMas by 4.2% in the second quarter. Algert Global LLC now owns 15,779 shares of the industrial products company’s stock valued at $403,000 after buying an additional 639 shares during the last quarter. FMR LLC raised its stake in shares of TriMas by 1.7% in the third quarter. FMR LLC now owns 44,082 shares of the industrial products company’s stock worth $1,125,000 after acquiring an additional 729 shares during the last quarter. Rhumbline Advisers raised its stake in shares of TriMas by 1.4% in the second quarter. Rhumbline Advisers now owns 69,328 shares of the industrial products company’s stock worth $1,772,000 after acquiring an additional 985 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of TriMas by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company’s stock worth $982,000 after purchasing an additional 1,227 shares in the last quarter. Finally, Inspire Investing LLC grew its stake in shares of TriMas by 17.4% during the third quarter. Inspire Investing LLC now owns 16,155 shares of the industrial products company’s stock valued at $412,000 after purchasing an additional 2,389 shares during the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

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.