TriMas Corp (NYSE:TRS) Getting Positive Media Coverage, Study Finds
Press coverage about TriMas Corp (NYSE:TRS) has trended positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TriMas Corp earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.3650283851954 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
TriMas Corp (NYSE:TRS) opened at 23.90 on Friday. The firm’s market cap is $1.09 billion. TriMas Corp has a one year low of $17.00 and a one year high of $25.00. The company has a 50-day moving average price of $22.39 and a 200-day moving average price of $21.87.
TriMas Corp (NYSE:TRS) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. TriMas Corp had a net margin of 6.96% and a return on equity of 11.47%. The business had revenue of $213.39 million for the quarter, compared to the consensus estimate of $205.22 million. During the same period in the prior year, the business posted $0.34 earnings per share. TriMas Corp’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts predict that TriMas Corp will post $1.43 earnings per share for the current fiscal year.
TRS has been the topic of several analyst reports. Zacks Investment Research upgraded TriMas Corp from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Saturday, July 1st. ValuEngine upgraded TriMas Corp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub upgraded TriMas Corp from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $24.00 target price (up previously from $22.00) on shares of TriMas Corp in a report on Monday, July 31st. Finally, J P Morgan Chase & Co upgraded TriMas Corp from a “neutral” rating to an “overweight” rating and set a $27.00 target price on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. TriMas Corp has an average rating of “Hold” and a consensus price target of $24.25.
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In related news, insider Paul Swart sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $24.76, for a total value of $74,280.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nancy Gougarty sold 5,882 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $24.80, for a total transaction of $145,873.60. Following the completion of the sale, the director now owns 19,293 shares of the company’s stock, valued at $478,466.40. The disclosure for this sale can be found here. Insiders sold 11,082 shares of company stock worth $268,554 over the last ninety days.
TriMas Corp Company Profile
TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.
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