TriMas (NASDAQ:TRS) Lowered to “Hold” Rating by Wall Street Zen

by · The Markets Daily

Wall Street Zen cut shares of TriMas (NASDAQ:TRS – Free Report) from a buy rating to a hold rating in a research note released on Saturday morning.

A number of other analysts have also commented on TRS. BWS Financial reissued a “buy” rating and issued a $45.00 price objective on shares of TriMas in a research report on Friday. Zacks Research raised shares of TriMas from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 29th. Weiss Ratings restated a “hold (c+)” rating on shares of TriMas in a research note on Monday, December 1st. Finally, KeyCorp lowered their target price on TriMas from $45.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, TriMas presently has a consensus rating of “Buy” and an average price target of $41.50.

Check Out Our Latest Stock Report on TriMas

TriMas Stock Up 2.3%

NASDAQ:TRS opened at $33.48 on Friday. The stock has a 50-day simple moving average of $35.09 and a 200 day simple moving average of $33.55. TriMas has a 52-week low of $19.33 and a 52-week high of $40.34. The company has a market cap of $1.36 billion, a PE ratio of 31.00 and a beta of 0.62. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 2.68.

TriMas (NASDAQ:TRS – Get Free Report) last released its earnings results on Tuesday, October 28th. The industrial products company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $269.26 million for the quarter, compared to analysts’ expectations of $262.05 million. TriMas had a return on equity of 12.39% and a net margin of 4.35%.The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. TriMas has set its FY 2025 guidance at 2.020-2.120 EPS. On average, sell-side analysts expect that TriMas will post 1.69 EPS for the current fiscal year.

TriMas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Thursday, November 6th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, November 6th. TriMas’s dividend payout ratio (DPR) is presently 14.81%.

Insider Activity at TriMas

In other TriMas news, Director Jeffrey A. Fielkow bought 2,000 shares of TriMas stock in a transaction dated Tuesday, November 11th. The stock was bought at an average cost of $31.46 per share, for a total transaction of $62,920.00. Following the purchase, the director owned 17,653 shares of the company’s stock, valued at $555,363.38. The trade was a 12.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 14.20% of the company’s stock.

Hedge Funds Weigh In On TriMas

A number of large investors have recently made changes to their positions in the company. Quarry LP bought a new stake in TriMas in the 3rd quarter valued at $36,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TriMas during the third quarter worth $48,000. State of Alaska Department of Revenue bought a new stake in shares of TriMas in the third quarter valued at about $65,000. State of Wyoming acquired a new position in shares of TriMas in the second quarter valued at about $65,000. Finally, BNP Paribas Financial Markets grew its stake in shares of TriMas by 35.4% in the second quarter. BNP Paribas Financial Markets now owns 3,319 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 868 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

About TriMas

(Get Free Report)

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.

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