Shares of TriMas Corp (NYSE:TRS) have received an average rating of “Hold” from the five analysts that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $23.00.
Several equities analysts have recently weighed in on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $22.00 target price (up previously from $18.00) on shares of TriMas Corp in a research note on Monday, March 27th. Seaport Global Securities upgraded shares of TriMas Corp from an “accumulate” rating to a “buy” rating in a research note on Wednesday, February 1st. Finally, Roth Capital set a $23.00 target price on shares of TriMas Corp and gave the stock a “hold” rating in a research note on Wednesday, March 1st.
In related news, Director Nancy Gougarty sold 2,976 shares of the business’s stock in a transaction that occurred 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 owns 24,603 shares of the company’s stock, valued at $516,909.03. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Robert J. Zalupski sold 5,000 shares of the business’s stock in a transaction that occurred 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. In the last ninety days, insiders have sold 9,476 shares of company stock valued at $199,901.
A number of institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in TriMas Corp during the first quarter worth approximately $357,000. Capital Fund Management S.A. bought a new position in TriMas Corp during the first quarter worth approximately $427,000. Tudor Investment Corp ET AL boosted its position 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 worth $429,000 after buying an additional 2,635 shares in the last quarter. Bank of America Corp DE boosted its position in TriMas Corp by 9.2% in the first quarter. Bank of America Corp DE now owns 25,817 shares of the industrial products company’s stock worth $536,000 after buying an additional 2,169 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new position in TriMas Corp during the first quarter worth approximately $557,000.
TriMas Corp (NYSE:TRS) opened at 21.95 on Friday. TriMas Corp has a 52 week low of $16.28 and a 52 week high of $24.25. The company’s market cap is $1.00 billion. The firm’s 50-day moving average is $21.71 and its 200-day moving average is $21.90.
TriMas Corp (NYSE:TRS) last posted its earnings results on Thursday, April 27th. The industrial products company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. The business had revenue of $199.80 million during the quarter, compared to analysts’ expectations of $200.40 million. TriMas Corp’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. On average, analysts expect that TriMas Corp will post $1.40 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: “TriMas Corp (TRS) Receives Average Rating of “Hold” from Brokerages” was published by BBNS and is owned by of BBNS. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://baseballnewssource.com/markets/brokerages-set-trimas-corp-trs-price-target-at-23-00-updated/652216.html.
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.
Receive News & Ratings for TriMas Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriMas Corp and related companies with our FREE daily email newsletter.