Jefferies Group LLC Reaffirms Hold Rating for TriMas Corp (TRS)

Jefferies Group LLC Reaffirms Hold Rating for TriMas Corp (TRS)

TriMas Corp (NYSE:TRS)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Group LLC in a note issued to investors on Monday. They presently have a $22.00 price target on the stock. Jefferies Group LLC’s price objective would indicate a potential upside of 6.28% from the stock’s current price.

Several other brokerages also recently issued reports on TRS. JPMorgan Chase & Co. downgraded shares of TriMas Corp from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $20.00 to $24.00 in a report on Friday, January 13th. Roth Capital set a $23.00 price target on shares of TriMas Corp and gave the stock a “hold” rating in a report on Wednesday, March 1st. Finally, Seaport Global Securities upgraded shares of TriMas Corp from an “accumulate” rating to a “buy” rating in a report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $23.00.

TriMas Corp (NYSE:TRS) opened at 20.70 on Monday. TriMas Corp has a 12-month low of $15.63 and a 12-month high of $24.25. The company’s market capitalization is $942.26 million. The firm’s 50-day moving average price is $21.87 and its 200 day moving average price is $20.75.

TriMas Corp (NYSE:TRS) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. The firm had revenue of $185.50 million for the quarter, compared to analyst estimates of $191.10 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, analysts expect that TriMas Corp will post $1.39 earnings per share for the current year.

In other news, Director Nancy Gougarty sold 2,976 shares of the company’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $21.01, for a total transaction of $62,525.76. Following the completion of the transaction, the director now directly owns 24,603 shares in the company, valued at $516,909.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert J. Zalupski sold 5,000 shares of the company’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $21.10, for a total transaction of $105,500.00. The disclosure for this sale can be found here. Insiders have sold 9,476 shares of company stock valued at $199,901 over the last quarter.

TriMas Corp Company Profile

TriMas Corporation is a designer, manufacturer and distributor of engineered and applied 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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