TriMas' (TRS) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• TriMas' stock received a reaffirmed "hold (c)" rating from Weiss Ratings, while other analysts have given varying ratings, including one "Strong Buy" and two "Buy" ratings.
• The company's stock traded at $37.36 on Wednesday, marking a minor increase of 0.5%, with a market capitalization of approximately $1.52 billion.
• TriMas reported earnings per share (EPS) of $0.61 for the last quarter, exceeding estimates and showing a 14.2% revenue increase year over year.

TriMas (NASDAQ:TRS - Get Free Report)'s stock had its "hold (c)" rating reissued by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

TRS has been the topic of a number of other research reports. BWS Financial restated a "buy" rating and issued a $45.00 target price (up previously from $40.00) on shares of TriMas in a research report on Wednesday, July 30th. KeyCorp set a $45.00 price target on shares of TriMas and gave the company an "overweight" rating in a research report on Tuesday, August 12th. Finally, Zacks Research upgraded shares of TriMas from a "hold" rating to a "strong-buy" rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $45.00.

TriMas Stock Up 0.5%

NASDAQ:TRS traded up $0.18 on Wednesday, hitting $37.36. 228,010 shares of the company's stock were exchanged, compared to its average volume of 460,802. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.44. The firm has a 50-day moving average price of $37.82 and a 200-day moving average price of $29.95. The company has a market cap of $1.52 billion, a P/E ratio of 41.05 and a beta of 0.62. TriMas has a 52 week low of $19.33 and a 52 week high of $40.34.

TriMas (NASDAQ:TRS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.11. The company had revenue of $274.76 million for the quarter, compared to analysts' expectations of $251.18 million. TriMas had a net margin of 3.83% and a return on equity of 11.49%. TriMas's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. TriMas has set its FY 2025 guidance at 1.950-2.100 EPS. As a group, analysts expect that TriMas will post 1.69 EPS for the current fiscal year.

Hedge Funds Weigh In On TriMas

A number of large investors have recently added to or reduced their stakes in TRS. State of Wyoming purchased a new position in shares of TriMas in the second quarter valued at about $65,000. BNP Paribas Financial Markets increased its position 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 during the period. Tower Research Capital LLC TRC boosted its stake in shares of TriMas by 280.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,193 shares of the industrial products company's stock valued at $120,000 after purchasing an additional 3,091 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of TriMas during the 2nd quarter valued at about $212,000. Finally, Tidal Investments LLC bought a new stake in TriMas during the second quarter worth about $220,000. Hedge funds and other institutional investors own 99.42% of the company's stock.

About TriMas

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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