ValuEngine upgraded shares of TriMas (NASDAQ:TRS) from a hold rating to a buy rating in a research report sent to investors on Sunday morning.

Other equities research analysts have also issued research reports about the stock. BidaskClub raised shares of TriMas from a hold rating to a buy rating in a research note on Friday, December 29th. Seaport Global Securities lowered shares of TriMas from a buy rating to a neutral rating and set a $27.00 target price for the company. in a research note on Friday, September 15th. Finally, Zacks Investment Research lowered shares of TriMas from a hold rating to a sell rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. TriMas presently has an average rating of Hold and a consensus target price of $25.25.

Shares of TriMas (TRS) opened at $27.00 on Friday. The stock has a market cap of $1,223.04, a price-to-earnings ratio of -37.50, a price-to-earnings-growth ratio of 3.50 and a beta of 2.06. TriMas has a 52 week low of $19.75 and a 52 week high of $28.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 2.67.

TriMas (NASDAQ:TRS) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $209.30 million during the quarter, compared to analyst estimates of $208.89 million. TriMas had a negative net margin of 4.01% and a positive return on equity of 12.18%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. equities research analysts expect that TriMas will post 1.4 earnings per share for the current fiscal year.

In related news, insider Paul Swart sold 1,500 shares of TriMas stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $26.57, for a total value of $39,855.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joshua A. Sherbin sold 13,828 shares of TriMas stock in a transaction on Monday, November 20th. The stock was sold at an average price of $25.50, for a total transaction of $352,614.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,944 shares of company stock valued at $486,796. 1.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its holdings in TriMas by 1.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 305,019 shares of the industrial products company’s stock worth $6,360,000 after acquiring an additional 3,602 shares during the period. AMI Investment Management Inc. raised its holdings in TriMas by 88.3% in the 2nd quarter. AMI Investment Management Inc. now owns 102,825 shares of the industrial products company’s stock worth $2,144,000 after acquiring an additional 48,225 shares during the period. American Century Companies Inc. raised its holdings in TriMas by 83.0% in the 3rd quarter. American Century Companies Inc. now owns 137,061 shares of the industrial products company’s stock worth $3,701,000 after acquiring an additional 62,175 shares during the period. Barington Capital Group L.P. raised its holdings in TriMas by 13.5% in the 2nd quarter. Barington Capital Group L.P. now owns 368,367 shares of the industrial products company’s stock worth $7,680,000 after acquiring an additional 43,700 shares during the period. Finally, Tudor Investment Corp ET AL raised its holdings in TriMas by 21.1% in the 2nd quarter. Tudor Investment Corp ET AL now owns 25,045 shares of the industrial products company’s stock worth $522,000 after acquiring an additional 4,366 shares during the period. Hedge funds and other institutional investors own 97.66% of the company’s stock.

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TriMas 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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