Somewhat Positive Media Coverage Somewhat Unlikely to Affect TriMas Corp (TRS) Share Price
Media stories about TriMas Corp (NYSE:TRS) have been trending somewhat positive on Monday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. TriMas Corp earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 45.7732401179223 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of TriMas Corp (TRS) traded up 1.23% during midday trading on Monday, reaching $24.60. The company’s stock had a trading volume of 124,234 shares. The company’s market capitalization is $1.12 billion. The stock has a 50 day moving average of $23.85 and a 200-day moving average of $22.13. TriMas Corp has a 1-year low of $17.00 and a 1-year high of $25.00.
TriMas Corp (NYSE:TRS) last announced its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. TriMas Corp had a net margin of 6.96% and a return on equity of 11.47%. The company had revenue of $213.39 million for the quarter, compared to analyst estimates of $205.22 million. During the same quarter last year, the business earned $0.34 earnings per share. TriMas Corp’s revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that TriMas Corp will post $1.43 earnings per share for the current year.
A number of brokerages have weighed in on TRS. ValuEngine raised TriMas Corp from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research lowered TriMas Corp from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. J P Morgan Chase & Co raised TriMas Corp from a “neutral” rating to an “overweight” rating and set a $27.00 price objective on the stock in a report on Wednesday, August 9th. Finally, BidaskClub lowered TriMas Corp from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.25.
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In other TriMas Corp news, insider Paul Swart sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $24.76, for a total value of $74,280.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Nancy Gougarty sold 5,882 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $24.80, for a total transaction of $145,873.60. Following the completion of the sale, 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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