TriMas (NASDAQ:TRS) Shares Gap Up – Should You Buy?

TriMas Co. (NASDAQ:TRS) gapped up before the market opened on Tuesday . The stock had previously closed at $25.61, but opened at $26.29. TriMas shares last traded at $25.93, with a volume of 24,888 shares trading hands.

Wall Street Analyst Weigh In

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

TriMas Trading Up 1.0 %

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.44 and a current ratio of 2.83. The firm has a 50-day moving average of $26.17 and a 200-day moving average of $25.85. The firm has a market capitalization of $1.05 billion, a P/E ratio of 40.64 and a beta of 0.66.

TriMas (NASDAQ:TRS) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.14). The firm had revenue of $229.36 million during the quarter, compared to analysts’ expectations of $239.33 million. TriMas had a return on equity of 9.21% and a net margin of 2.93%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 earnings per share. On average, equities research analysts anticipate that TriMas Co. will post 1.74 EPS for the current fiscal year.

TriMas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Tuesday, November 5th. TriMas’s dividend payout ratio (DPR) is currently 25.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new stake in shares of TriMas during the 2nd quarter valued at about $26,000. Aristides Capital LLC bought a new stake in TriMas during the 2nd quarter valued at approximately $245,000. Intech Investment Management LLC bought a new stake in TriMas during the 3rd quarter valued at approximately $269,000. Paloma Partners Management Co bought a new position in shares of TriMas in the 3rd quarter worth approximately $293,000. Finally, XTX Topco Ltd bought a new position in shares of TriMas in the 3rd quarter worth approximately $371,000. 99.42% of the stock is owned by hedge funds and other institutional investors.

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.