TriMas Corp (TRS) Earns Coverage Optimism Score of 0.05
News headlines about TriMas Corp (NYSE:TRS) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TriMas Corp earned a news impact score of 0.05 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.5873774796535 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of TriMas Corp (NYSE:TRS) traded up 0.95% during midday trading on Friday, hitting $26.65. The stock had a trading volume of 245,927 shares. The firm’s 50-day moving average price is $24.42 and its 200-day moving average price is $22.31. TriMas Corp has a 1-year low of $17.26 and a 1-year high of $27.00. The stock’s market cap is $1.21 billion.
TriMas Corp (NYSE:TRS) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The firm had revenue of $213.39 million for the quarter, compared to the consensus estimate of $205.22 million. TriMas Corp had a return on equity of 11.47% and a net margin of 6.96%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. Analysts forecast that TriMas Corp will post $1.43 earnings per share for the current year.
A number of equities analysts have issued reports on the company. Seaport Global Securities cut TriMas Corp from a “buy” rating to a “neutral” rating and set a $27.00 target price for the company. in a report on Friday, September 15th. Jefferies Group LLC reaffirmed 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. BidaskClub raised TriMas Corp from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. ValuEngine raised TriMas Corp from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Finally, J P Morgan Chase & Co raised TriMas Corp from a “neutral” rating to an “overweight” rating and set a $27.00 target price for the company in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $24.80.
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In other news, insider Paul Swart sold 3,000 shares of TriMas Corp stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $24.76, for a total value of $74,280.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Nancy Gougarty sold 5,882 shares of TriMas Corp stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $24.80, for a total value of $145,873.60. Following the completion of the transaction, the director now owns 19,293 shares in the company, valued at approximately $478,466.40. The disclosure for this sale can be found here.
About TriMas Corp
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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