BWS Financial Reaffirms "Buy" Rating for TriMas (NASDAQ:TRS)

BWS Financial reiterated their buy rating on shares of TriMas (NASDAQ:TRS - Free Report) in a report issued on Wednesday morning, Benzinga reports. BWS Financial currently has a $40.00 target price on the industrial products company's stock.

TriMas Stock Performance

TRS stock traded down $0.20 during trading hours on Wednesday, reaching $25.79. The stock had a trading volume of 386,702 shares, compared to its average volume of 243,863. The stock has a 50-day simple moving average of $25.57 and a 200 day simple moving average of $25.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.49 and a quick ratio of 1.29. The stock has a market capitalization of $1.05 billion, a PE ratio of 26.59 and a beta of 0.71. TriMas has a fifty-two week low of $22.59 and a fifty-two week high of $29.07.

TriMas (NASDAQ:TRS - Get Free Report) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.09. The company had revenue of $227.10 million during the quarter, compared to analysts' expectations of $220.60 million. TriMas had a net margin of 4.52% and a return on equity of 8.85%. TriMas's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. Analysts predict that TriMas will post 1.91 EPS for the current fiscal year.

TriMas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Monday, May 6th. TriMas's dividend payout ratio is presently 16.49%.

Insider Transactions at TriMas

In related news, CEO Thomas A. Amato bought 10,000 shares of the business's stock in a transaction dated Friday, March 1st. The stock was bought at an average price of $23.62 per share, for a total transaction of $236,200.00. Following the purchase, the chief executive officer now owns 286,168 shares in the company, valued at approximately $6,759,288.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of TriMas

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its holdings in TriMas by 16.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,069,777 shares of the industrial products company's stock valued at $77,757,000 after buying an additional 422,717 shares during the period. Norges Bank bought a new stake in shares of TriMas during the 4th quarter valued at approximately $6,767,000. Pzena Investment Management LLC grew its holdings in shares of TriMas by 7.0% during the 3rd quarter. Pzena Investment Management LLC now owns 2,570,194 shares of the industrial products company's stock valued at $63,638,000 after purchasing an additional 167,452 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of TriMas during the 4th quarter valued at approximately $3,764,000. Finally, Fiduciary Management Inc. WI grew its holdings in shares of TriMas by 4.3% during the 4th quarter. Fiduciary Management Inc. WI now owns 3,106,943 shares of the industrial products company's stock valued at $78,699,000 after purchasing an additional 129,477 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

TriMas Company Profile

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.