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 published on Wednesday.

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

TriMas Trading Down 0.2 %

NASDAQ TRS opened at $25.54 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 2.83 and a debt-to-equity ratio of 0.60. TriMas has a 52 week low of $22.45 and a 52 week high of $28.51. The business has a 50 day moving average price of $26.13 and a 200-day moving average price of $25.87. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 39.91 and a beta of 0.66.

TriMas (NASDAQ:TRS) last announced its quarterly earnings results 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 2.93% and a return on equity of 9.21%. The business had revenue of $229.36 million during the quarter, compared to the consensus estimate of $239.33 million. During the same period in the previous year, the business posted $0.57 EPS. TriMas’s revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts expect that TriMas will post 1.74 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Tuesday, November 5th. TriMas’s dividend payout ratio is currently 25.00%.

Institutional Investors Weigh In On TriMas

Hedge funds have recently modified their holdings of the stock. Innealta Capital LLC purchased a new position in TriMas during the 2nd quarter valued at about $26,000. Quantbot Technologies LP lifted 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 in the last quarter. Aristides Capital LLC bought a new position in TriMas in the 2nd quarter valued at $245,000. Intech Investment Management LLC bought a new stake in TriMas during the third quarter valued at $269,000. Finally, Paloma Partners Management Co purchased a new position in TriMas during the third quarter worth about $293,000. 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.