TriMas (TRS) Lowered to “Hold” at BidaskClub

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BidaskClub lowered shares of TriMas (NASDAQ:TRS) from a buy rating to a hold rating in a research report sent to investors on Thursday.

Several other analysts have also weighed in on TRS. BMO Capital Markets reiterated a buy rating and set a $35.00 target price on shares of TriMas in a research note on Friday, September 21st. ValuEngine lowered shares of TriMas from a buy rating to a hold rating in a research note on Friday, October 12th. Finally, Zacks Investment Research lowered shares of TriMas from a buy rating to a hold rating in a research note on Tuesday, October 16th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $31.75.

TRS stock traded up $0.08 during trading on Thursday, hitting $27.00. 408,800 shares of the company’s stock traded hands, compared to its average volume of 230,587. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.02 and a quick ratio of 1.72. TriMas has a 52 week low of $22.70 and a 52 week high of $31.80. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.93 and a beta of 1.61.

TriMas (NASDAQ:TRS) last released its earnings results on Tuesday, October 30th. The industrial products company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. TriMas had a net margin of 7.27% and a return on equity of 13.54%. The firm had revenue of $223.78 million during the quarter, compared to analyst estimates of $218.65 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts expect that TriMas will post 1.74 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC bought a new position in shares of TriMas during the third quarter worth about $203,000. Capital Fund Management S.A. bought a new position in shares of TriMas during the third quarter worth about $213,000. Jefferies Group LLC bought a new position in shares of TriMas during the third quarter worth about $216,000. Meeder Asset Management Inc. grew its position in shares of TriMas by 580.4% during the third quarter. Meeder Asset Management Inc. now owns 7,335 shares of the industrial products company’s stock worth $224,000 after acquiring an additional 6,257 shares during the last quarter. Finally, Zions Bancorporation bought a new position in shares of TriMas during the third quarter worth about $229,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

TriMas Company Profile

TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas markets worldwide. The company operates through four segments: Packaging, Aerospace, Energy, and Engineered Components. The Packaging segment designs and manufactures industrial closure products, including steel drum and plastic enclosures, plastic drum closures, and plastic pail dispensers and plugs; and specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, and other packaging solutions for the cosmetic, personal care, and household product markets, as well as specialty plastic closures for bottles and jars, and dispensing pumps for the food and beverage markets.

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