Wall Street Zen Upgrades TriMas (NASDAQ:TRS) to "Buy"

Wall Street Zen upgraded shares of TriMas (NASDAQ:TRS - Free Report) from a hold rating to a buy rating in a report published on Sunday morning.

Separately, BWS Financial reaffirmed a "buy" rating and issued a $40.00 price objective on shares of TriMas in a research report on Wednesday, April 30th.

TriMas Stock Down 2.4%

TriMas stock traded down $0.63 during mid-day trading on Friday, reaching $25.74. The stock had a trading volume of 192,640 shares, compared to its average volume of 334,893. TriMas has a one year low of $19.33 and a one year high of $28.51. The company has a 50-day moving average price of $23.31 and a two-hundred day moving average price of $24.02. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 40.22 and a beta of 0.58. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44.

TriMas (NASDAQ:TRS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. TriMas had a net margin of 2.93% and a return on equity of 9.21%. The firm had revenue of $241.67 million for the quarter, compared to the consensus estimate of $235.41 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The business's revenue was up 6.4% on a year-over-year basis. On average, analysts expect that TriMas will post 1.69 EPS for the current fiscal year.

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Tuesday, May 6th. TriMas's dividend payout ratio is 20.78%.

Insiders Place Their Bets

In other TriMas news, CFO Scott A. Mell sold 2,218 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $22.54, for a total value of $49,993.72. Following the transaction, the chief financial officer now directly owns 26,288 shares in the company, valued at approximately $592,531.52. This trade represents a 7.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shawn Sedaghat acquired 249,597 shares of the business's stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $23.83 per share, with a total value of $5,947,896.51. Following the transaction, the director now owns 346,825 shares in the company, valued at approximately $8,264,839.75. This trade represents a 256.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 1,770,195 shares of company stock valued at $43,736,754. Insiders own 14.20% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TRS. Bank of New York Mellon Corp grew its holdings in TriMas by 4.7% during the 4th quarter. Bank of New York Mellon Corp now owns 246,097 shares of the industrial products company's stock valued at $6,052,000 after buying an additional 11,125 shares in the last quarter. Bellecapital International Ltd. purchased a new stake in TriMas during the 4th quarter valued at $29,160,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of TriMas by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 605,502 shares of the industrial products company's stock worth $14,889,000 after acquiring an additional 22,656 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of TriMas in the 4th quarter worth about $6,698,000. Finally, First Eagle Investment Management LLC boosted its stake in shares of TriMas by 1.8% during the 4th quarter. First Eagle Investment Management LLC now owns 257,506 shares of the industrial products company's stock worth $6,332,000 after purchasing an additional 4,500 shares during the period. Hedge funds and other institutional investors 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.