TriMas (NASDAQ:TRS) Given “Buy” Rating at BWS Financial

BWS Financial reaffirmed their buy rating on shares of TriMas (NASDAQ:TRS) in a research report sent to investors on Friday morning,Benzinga reports. BWS Financial currently has a $40.00 price objective on the industrial products company’s stock.

Separately, StockNews.com upgraded TriMas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

TriMas Stock Performance

TRS stock opened at $20.49 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.83 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $23.78 and its two-hundred day simple moving average is $25.10. TriMas has a twelve month low of $19.33 and a twelve month high of $28.51. The firm has a market cap of $831.32 million, a price-to-earnings ratio of 32.02 and a beta of 0.66.

TriMas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 28th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Friday, February 28th. TriMas’s payout ratio is 25.00%.

Hedge Funds Weigh In On TriMas

Hedge funds and other institutional investors have recently made changes to their positions in the company. Western Standard LLC grew its position in shares of TriMas by 86.6% during the 3rd quarter. Western Standard LLC now owns 169,069 shares of the industrial products company’s stock worth $4,316,000 after buying an additional 78,450 shares in the last quarter. Impax Asset Management Group plc grew its position in shares of TriMas by 216.4% during the 3rd quarter. Impax Asset Management Group plc now owns 410,000 shares of the industrial products company’s stock worth $10,467,000 after buying an additional 280,431 shares in the last quarter. Barclays PLC grew its position in shares of TriMas by 341.3% during the 3rd quarter. Barclays PLC now owns 68,792 shares of the industrial products company’s stock worth $1,755,000 after buying an additional 53,203 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of TriMas by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company’s stock worth $982,000 after buying an additional 1,227 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of TriMas by 74.4% during the 3rd quarter. Jane Street Group LLC now owns 82,621 shares of the industrial products company’s stock worth $2,109,000 after buying an additional 35,258 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

About TriMas

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.