TriMas (NASDAQ:TRS) Stock Price Crosses Below 50 Day Moving Average - Here's Why

Key Points

• TriMas stock crossed below its 50-day moving average, trading as low as $35.48 and last at $35.94 with volume of ~720,925 shares; the 50-day MA is $36.07 and the 200-day MA is $35.70.
• Analyst opinions are mixed but the consensus is a "Moderate Buy" with an average price target of $41.50 (three Buy ratings, one Sell among recent reports).
• In the latest quarter TriMas reported EPS $0.40, missing the $0.41 estimate and revenue of about $139.97M versus $192.96M expected, paid a $0.04 quarterly dividend (0.4% yield), and institutional investors own roughly 99.4% of shares.

TriMas Corporation (NASDAQ:TRS - Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $36.07 and traded as low as $35.48. TriMas shares last traded at $35.94, with a volume of 720,925 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TRS. Zacks Research lowered TriMas from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 5th. Weiss Ratings upgraded TriMas from a "hold (c)" rating to a "buy (b-)" rating in a research report on Monday, March 16th. Wall Street Zen lowered TriMas from a "buy" rating to a "hold" rating in a research note on Saturday, December 6th. KeyCorp reissued an "overweight" rating and set a $38.00 target price on shares of TriMas in a research note on Thursday, February 26th. Finally, BWS Financial reissued a "buy" rating and issued a $45.00 target price on shares of TriMas in a report on Monday, March 2nd. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, TriMas currently has a consensus rating of "Moderate Buy" and an average target price of $41.50.

TriMas Trading Up 1.1%

The company has a current ratio of 2.52, a quick ratio of 1.93 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 12.10 and a beta of 0.55. The firm's 50-day moving average is $36.07 and its 200 day moving average is $35.70.

TriMas (NASDAQ:TRS - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The business had revenue of ($139.97) million during the quarter, compared to analyst estimates of $192.96 million. TriMas had a net margin of 11.53% and a return on equity of 12.04%. The company's revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share. On average, equities analysts predict that TriMas Corporation will post 1.69 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 27th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, February 27th. TriMas's dividend payout ratio is presently 5.39%.

Institutional Investors Weigh In On TriMas

Institutional investors have recently made changes to their positions in the stock. Capital International Investors acquired a new stake in shares of TriMas in the third quarter valued at about $111,673,000. Jefferies Financial Group Inc. acquired a new position in shares of TriMas in the fourth quarter worth approximately $55,036,000. Permian Investment Partners LP bought a new stake in TriMas in the fourth quarter valued at approximately $29,192,000. Alberta Investment Management Corp acquired a new stake in TriMas during the 4th quarter valued at approximately $16,605,000. Finally, Advisory Research Inc. increased its position in TriMas by 46.0% during the 4th quarter. Advisory Research Inc. now owns 1,096,013 shares of the industrial products company's stock valued at $38,854,000 after purchasing an additional 345,425 shares during the period. Institutional investors own 99.42% of the company's stock.

TriMas Company Profile

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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