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

A number of other brokerages have also weighed in on TRS. Seaport Global Securities lowered TriMas from a buy rating to a neutral rating and set a $27.00 price objective for the company. in a research report on Friday, September 15th. Zacks Investment Research lowered TriMas from a hold rating to a sell rating in a research report on Monday, October 2nd. Finally, BidaskClub lowered TriMas from a buy rating to a hold rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. TriMas presently has an average rating of Hold and a consensus target price of $25.25.

Shares of TriMas (NASDAQ:TRS) traded down $0.15 during trading on Friday, hitting $26.75. The stock had a trading volume of 110,800 shares, compared to its average volume of 180,241. The stock has a market capitalization of $1,223.04, a price-to-earnings ratio of -37.15, a price-to-earnings-growth ratio of 3.82 and a beta of 2.06. The company has a current ratio of 2.67, a quick ratio of 1.33 and a debt-to-equity ratio of 0.62. TriMas has a 52-week low of $19.75 and a 52-week high of $28.85.

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

In other TriMas news, CFO Robert J. Zalupski sold 2,816 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $25.94, for a total value of $73,047.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joshua A. Sherbin sold 13,828 shares of the firm’s stock in a transaction dated 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 quarter, insiders sold 18,944 shares of company stock valued at $486,796. 1.40% of the stock is currently owned by company insiders.

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

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About TriMas

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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