TriMas (NASDAQ:TRS) Stock Crosses Below 50-Day Moving Average – What’s Next?

Shares of TriMas Corporation (NASDAQ:TRS) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $36.07 and traded as low as $35.48. TriMas shares last traded at $35.94, with a volume of 720,925 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TRS shares. Zacks Research cut shares of TriMas from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. KeyCorp reissued an “overweight” rating and issued a $38.00 price target on shares of TriMas in a research report on Thursday, February 26th. Wall Street Zen downgraded shares of TriMas from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. BWS Financial reaffirmed a “buy” rating and set a $45.00 price objective on shares of TriMas in a report on Monday, March 2nd. Finally, Weiss Ratings cut TriMas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, TriMas has a consensus rating of “Hold” and an average price target of $41.50.

TriMas Price Performance

The company has a quick ratio of 1.93, a current ratio of 2.52 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 17.48 and a beta of 0.61. The company has a fifty day moving average price of $36.13 and a two-hundred day moving average price of $35.70.

TriMas (NASDAQ:TRS) last announced its earnings results on Thursday, February 26th. The industrial products company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of ($139.97) million during the quarter, compared to analyst estimates of $192.96 million. TriMas had a net margin of 11.53% and a return on equity of 12.04%. The business’s revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. On average, equities research analysts expect that TriMas Corporation will post 1.69 EPS for the current fiscal year.

TriMas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Friday, February 27th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, February 27th. TriMas’s dividend payout ratio is presently 5.39%.

Hedge Funds Weigh In On TriMas

Several institutional investors have recently added to or reduced their stakes in TRS. Capital International Investors acquired a new stake in shares of TriMas during the third quarter worth $111,673,000. Jefferies Financial Group Inc. purchased a new position in TriMas in the 4th quarter valued at $55,036,000. Permian Investment Partners LP acquired a new position in TriMas in the 4th quarter valued at $29,192,000. Alberta Investment Management Corp acquired a new position in TriMas in the 4th quarter valued at $16,605,000. Finally, Advisory Research Inc. raised its position in TriMas by 46.0% during the 4th quarter. Advisory Research Inc. now owns 1,096,013 shares of the industrial products company’s stock worth $38,854,000 after buying an additional 345,425 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Company Profile

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.