BWS Financial Reiterates Buy Rating for TriMas (NASDAQ:TRS)

BWS Financial reiterated their buy rating on shares of TriMas (NASDAQ:TRS) in a research note issued to investors on Thursday,Benzinga reports. They currently have a $40.00 target price on the industrial products company’s stock.

Separately, StockNews.com raised TriMas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

TriMas Stock Performance

Shares of NASDAQ TRS opened at $25.42 on Thursday. The company has a 50-day simple moving average of $25.07 and a 200-day simple moving average of $25.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44. The company has a market cap of $1.03 billion, a PE ratio of 39.72 and a beta of 0.67. TriMas has a 12 month low of $22.24 and a 12 month high of $28.51.

TriMas (NASDAQ:TRS) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.14). TriMas had a net margin of 2.93% and a return on equity of 9.21%. The business had revenue of $229.36 million during the quarter, compared to analyst estimates of $239.33 million. During the same quarter last year, the firm posted $0.57 earnings per share. The company’s revenue was down 2.5% on a year-over-year basis. On average, equities analysts anticipate that TriMas will post 1.69 earnings per share for the current year.

Hedge Funds Weigh In On TriMas

A number of large investors have recently bought and sold shares of TRS. JPMorgan Chase & Co. grew its stake in shares of TriMas by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company’s stock valued at $982,000 after buying an additional 1,227 shares during the period. Barclays PLC boosted its holdings in TriMas by 341.3% in the third quarter. Barclays PLC now owns 68,792 shares of the industrial products company’s stock valued at $1,755,000 after acquiring an additional 53,203 shares during the last quarter. XTX Topco Ltd purchased a new stake in TriMas during the third quarter valued at about $371,000. Jane Street Group LLC increased its stake in TriMas by 74.4% during the third quarter. Jane Street Group LLC now owns 82,621 shares of the industrial products company’s stock worth $2,109,000 after acquiring an additional 35,258 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of TriMas by 10.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,619,359 shares of the industrial products company’s stock worth $66,872,000 after purchasing an additional 252,537 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

TriMas Company Profile

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.