TriMas (NASDAQ:TRS – Get Free Report)‘s stock had its “buy” rating reiterated by BWS Financial in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $40.00 price target on the industrial products company’s stock. BWS Financial’s price target indicates a potential upside of 64.88% from the stock’s current price.
TriMas Stock Performance
Shares of NASDAQ TRS traded down $1.12 during midday trading on Wednesday, hitting $24.26. 75,266 shares of the company’s stock were exchanged, compared to its average volume of 213,012. The company has a quick ratio of 1.41, a current ratio of 2.73 and a debt-to-equity ratio of 0.63. TriMas has a 12 month low of $22.59 and a 12 month high of $27.89. The company’s 50 day moving average price is $26.15 and its 200 day moving average price is $25.76. The firm has a market capitalization of $988.11 million, a PE ratio of 25.01 and a beta of 0.67.
TriMas (NASDAQ:TRS – Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). TriMas had a net margin of 4.48% and a return on equity of 9.68%. The company had revenue of $240.50 million during the quarter, compared to analyst estimates of $238.63 million. During the same quarter last year, the company posted $0.50 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, analysts predict that TriMas will post 2.03 earnings per share for the current fiscal year.
Insider Buying and Selling
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in TRS. Trexquant Investment LP lifted its position in shares of TriMas by 205.6% during the 4th quarter. Trexquant Investment LP now owns 79,610 shares of the industrial products company’s stock valued at $2,017,000 after acquiring an additional 53,556 shares during the period. ARGA Investment Management LP raised its holdings in shares of TriMas by 249.4% during the fourth quarter. ARGA Investment Management LP now owns 47,908 shares of the industrial products company’s stock valued at $1,214,000 after purchasing an additional 34,198 shares during the period. Norges Bank acquired a new position in shares of TriMas during the fourth quarter valued at about $6,767,000. Quadrature Capital Ltd acquired a new position in shares of TriMas during the fourth quarter valued at about $1,102,000. Finally, Evoke Wealth LLC acquired a new position in TriMas during the 4th quarter worth approximately $1,471,000. 99.42% of the stock is owned by institutional investors and hedge funds.
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.
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