TriMas Corp (TRS) Receives Average Rating of “Hold” from Brokerages

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.

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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.

12 Month Chart for NYSE:TRS

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