TriMas Corp (TRS) Boosted to “Purchase” by ValuEngine

TriMas Corp (TRS) Boosted to “Purchase” by ValuEngine

TriMas Corp (NYSE:TRS) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other brokerages have also recently issued reports on TRS. Roth Capital set a $23.00 price objective on shares of TriMas Corp and gave the company a “hold” rating in a report on Wednesday, March 1st. Jefferies Group LLC restated a “hold” rating and set a $22.00 price objective (up previously from $18.00) on shares of TriMas Corp in a report on Monday, March 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. TriMas Corp has an average rating of “Hold” and a consensus target price of $23.00.

TriMas Corp (NYSE TRS) traded up 0.67% on Friday, hitting $22.45. 186,424 shares of the stock traded hands. The stock has a 50-day moving average price of $22.02 and a 200 day moving average price of $21.97. The stock’s market cap is $1.03 billion. TriMas Corp has a 12-month low of $16.30 and a 12-month high of $24.25.

TriMas Corp (NYSE:TRS) last posted its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. The business had revenue of $199.80 million for the quarter, compared to the consensus estimate of $200.40 million. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. On average, equities analysts expect that TriMas Corp will post $1.40 EPS for the current fiscal year.

In other TriMas Corp news, CFO Robert J. Zalupski sold 5,000 shares of the company’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $21.10, for a total transaction of $105,500.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Nancy Gougarty sold 2,976 shares of the company’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $21.01, for a total transaction of $62,525.76. Following the sale, the director now directly owns 24,603 shares in the company, valued at $516,909.03. The disclosure for this sale can be found here. Insiders have sold 11,676 shares of company stock valued at $248,301 in the last 90 days.

Hedge funds have recently bought and sold shares of the company. CNA Financial Corp raised its stake in TriMas Corp by 34.7% in the first quarter. CNA Financial Corp now owns 76,937 shares of the industrial products company’s stock valued at $1,596,000 after buying an additional 19,805 shares during the period. Credit Suisse AG raised its stake in TriMas Corp by 12.4% in the first quarter. Credit Suisse AG now owns 48,151 shares of the industrial products company’s stock valued at $999,000 after buying an additional 5,315 shares during the period. Tudor Investment Corp ET AL raised its stake in TriMas Corp by 14.6% in the first quarter. Tudor Investment Corp ET AL now owns 20,679 shares of the industrial products company’s stock valued at $429,000 after buying an additional 2,635 shares during the period. AQR Capital Management LLC raised its stake in TriMas Corp by 94.4% in the first quarter. AQR Capital Management LLC now owns 92,388 shares of the industrial products company’s stock valued at $1,917,000 after buying an additional 44,864 shares during the period. Finally, Gotham Asset Management LLC purchased a new stake in TriMas Corp during the first quarter valued at about $557,000.

TriMas Corp Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TRS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view ValuEngine’s full report, visit ValuEngine’s official website.

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