TriMas (NASDAQ:TRS - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.
Other equities analysts also recently issued reports about the company. Weiss Ratings downgraded TriMas from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 18th. Zacks Research upgraded TriMas from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 5th. Finally, BWS Financial reissued a "buy" rating and set a $45.00 target price on shares of TriMas in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $41.50.
Check Out Our Latest Stock Analysis on TriMas
TriMas Stock Performance
Shares of TriMas stock opened at $39.53 on Friday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 1.65 and a beta of 0.60. TriMas has a twelve month low of $30.43 and a twelve month high of $45.42. The company's fifty day moving average is $40.73 and its 200 day moving average is $39.08. The company has a quick ratio of 5.03, a current ratio of 5.44 and a debt-to-equity ratio of 0.28.
TriMas (NASDAQ:TRS - Get Free Report) last announced its earnings results on Thursday, July 30th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $174.58 million during the quarter, compared to analyst estimates of $178.44 million. TriMas had a return on equity of 6.41% and a net margin of 104.22%.TriMas's revenue for the quarter was down 36.5% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. TriMas has set its FY 2026 guidance at 1.600-1.700 EPS. Sell-side analysts forecast that TriMas will post 1.67 EPS for the current year.
Insider Buying and Selling
In other TriMas news, Director Herbert K. Parker sold 15,000 shares of the company's stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $45.03, for a total transaction of $675,450.00. Following the sale, the director owned 57,762 shares of the company's stock, valued at approximately $2,601,022.86. This represents a 20.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.50% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of TriMas by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,120 shares of the industrial products company's stock valued at $565,000 after purchasing an additional 1,014 shares in the last quarter. Jane Street Group LLC bought a new stake in TriMas in the first quarter worth approximately $868,000. Jump Financial LLC lifted its stake in TriMas by 80.3% in the second quarter. Jump Financial LLC now owns 72,240 shares of the industrial products company's stock valued at $2,067,000 after buying an additional 32,172 shares during the period. Sei Investments Co. lifted its stake in TriMas by 16.7% in the second quarter. Sei Investments Co. now owns 101,420 shares of the industrial products company's stock valued at $2,902,000 after buying an additional 14,512 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in shares of TriMas by 83.3% during the 2nd quarter. Squarepoint Ops LLC now owns 162,775 shares of the industrial products company's stock worth $4,657,000 after buying an additional 73,960 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.
TriMas Company Profile
(
Get Free Report)
TriMas Corporation is a diversified industrial company headquartered in Bloomfield Hills, Michigan. Established in 1980, TriMas has built a global reputation for designing and manufacturing specialized products that serve a wide array of end markets. The company operates through multiple segments, each focused on high-demand niches where engineered solutions and rigorous quality standards are essential.
The Packaging segment supplies closures, dispensing systems and related components for the personal care, household chemicals, food and beverage, and pharmaceutical markets.
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