Seaport Global Securities Upgrades TriMas Corp (TRS) to Purchase

Seaport Global Securities Upgrades TriMas Corp (TRS) to Purchase

TriMas Corp (NYSE:TRS) was upgraded by equities researchers at Seaport Global Securities to a “buy” rating in a research report issued on Wednesday, The Fly reports.

Several other equities research analysts have also recently weighed in on the company. J P Morgan Chase & Co cut TriMas Corp from an “overweight” rating to a “neutral” rating and increased their target price for the company from $20.00 to $24.00 in a report on Friday, January 13th. TheStreet cut TriMas Corp from a “hold” rating to a “sell” rating in a report on Friday, October 28th. Finally, Roth Capital set a $19.00 price objective on TriMas Corp and gave the stock a “hold” rating in a report on Sunday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. TriMas Corp presently has an average rating of “Hold” and a consensus price target of $20.33.

Shares of TriMas Corp (NYSE:TRS) opened at 21.30 on Wednesday. The stock’s 50 day moving average price is $22.75 and its 200 day moving average price is $19.93. The company’s market cap is $969.15 million. TriMas Corp has a 12-month low of $14.76 and a 12-month high of $24.10.

In other news, insider Thomas A. Amato bought 2,000 shares of the firm’s stock in a transaction dated Friday, November 4th. The stock was purchased at an average price of $17.70 per share, with a total value of $35,400.00. Following the transaction, the insider now owns 12,200 shares of the company’s stock, valued at $215,940. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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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