TriMas’ (TRS) Buy Rating Reiterated at BWS Financial

BWS Financial reaffirmed their buy rating on shares of TriMas (NASDAQ:TRS) in a research report released on Monday morning,Benzinga reports. They currently have a $45.00 price target on the industrial products company’s stock.

A number of other research analysts have also recently issued reports on TRS. Zacks Research cut TriMas from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Wall Street Zen lowered shares of TriMas from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of TriMas in a research note on Monday, December 29th. Finally, KeyCorp restated an “overweight” rating and issued a $38.00 target price on shares of TriMas in a research report on Thursday, February 26th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

TriMas Price Performance

NASDAQ:TRS opened at $39.52 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.42 and a current ratio of 2.52. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 13.31 and a beta of 0.55. The firm’s 50-day simple moving average is $35.79 and its 200 day simple moving average is $36.03. TriMas has a 52 week low of $19.45 and a 52 week high of $42.00.

TriMas (NASDAQ:TRS) last posted its quarterly earnings data 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 company had revenue of $155.49 million for the quarter, compared to the consensus estimate of $192.96 million. TriMas had a return on equity of 12.04% and a net margin of 11.53%.TriMas’s revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. As a group, sell-side analysts predict that TriMas will post 1.69 earnings per share for the current year.

TriMas Announces Dividend

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

Hedge Funds Weigh In On TriMas

Hedge funds have recently modified their holdings of the business. Los Angeles Capital Management LLC acquired a new stake in TriMas in the fourth quarter valued at $29,000. Covestor Ltd increased its stake in shares of TriMas by 20,525.0% in the fourth quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock valued at $29,000 after buying an additional 821 shares during the period. Quarry LP bought a new position in shares of TriMas during the third quarter worth about $36,000. Ball & Co Wealth Management Inc. acquired a new position in shares of TriMas in the fourth quarter worth approximately $35,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in TriMas in the third quarter valued at approximately $48,000. 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.