TriMas (NASDAQ:TRS) Receives “Buy” Rating from BWS Financial

TriMas (NASDAQ:TRS)‘s stock had its “buy” rating restated by stock analysts at BWS Financial in a report issued on Monday,Benzinga reports. They currently have a $45.00 price objective on the industrial products company’s stock. BWS Financial’s target price suggests a potential upside of 18.49% from the stock’s current price.

A number of other equities research analysts have also issued reports on TRS. Zacks Research lowered shares of TriMas from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of TriMas in a research report on Monday, December 29th. KeyCorp reaffirmed an “overweight” rating and set a $38.00 price objective on shares of TriMas in a research note on Thursday. Finally, Wall Street Zen lowered shares of TriMas from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

TriMas Price Performance

TRS stock traded down $1.10 during trading on Monday, hitting $37.98. The stock had a trading volume of 421,773 shares, compared to its average volume of 437,094. TriMas has a twelve month low of $19.45 and a twelve month high of $42.00. The company’s 50-day moving average price is $35.62 and its two-hundred day moving average price is $35.99. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.42. The stock has a market capitalization of $1.54 billion, a P/E ratio of 12.73 and a beta of 0.57.

TriMas (NASDAQ:TRS) last released its earnings results on Thursday, February 26th. The industrial products company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). TriMas had a net margin of 11.53% and a return on equity of 12.02%. The firm had revenue of $155.49 million during the quarter, compared to analysts’ expectations of $192.96 million. During the same quarter last year, the business earned $0.43 EPS. The business’s revenue was up 12.4% compared to the same quarter last year. As a group, research analysts predict that TriMas will post 1.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Capital International Investors purchased a new stake in TriMas during the third quarter worth about $111,673,000. Jefferies Financial Group Inc. acquired a new position in shares of TriMas in the fourth quarter worth $55,036,000. Permian Investment Partners LP purchased a new stake in shares of TriMas during the fourth quarter worth $29,192,000. Alberta Investment Management Corp acquired a new stake in shares of TriMas in the fourth quarter valued at $16,605,000. Finally, Advisory Research Inc. raised its stake in shares of TriMas by 46.0% in the fourth quarter. Advisory Research Inc. now owns 1,096,013 shares of the industrial products company’s stock valued at $38,854,000 after acquiring an additional 345,425 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

About TriMas

TriMas Corporation is a diversified industrial company headquartered in Bloomfield Hills, Michigan. Established in 1980, TriMas has built a global reputation for designing and manufacturing specialized products that serve a wide array of end markets. The company operates through multiple segments, each focused on high-demand niches where engineered solutions and rigorous quality standards are essential.

The Packaging segment supplies closures, dispensing systems and related components for the personal care, household chemicals, food and beverage, and pharmaceutical markets.