Shares of TriMas Corp. (NASDAQ:TRS) have received an average rating of “Hold” from the six analysts that are currently covering the stock. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$19.00.
Separately, JPMorgan Chase & Co. raised shares of TriMas Corp. from a “neutral” rating to an “overweight” rating in a research report on Tuesday, September 27th.
Shares of TriMas Corp. (NASDAQ:TRS) opened at 18.61 on Tuesday. TriMas Corp. has a 12 month low of $14.76 and a 12 month high of $22.02. The firm’s market capitalization is $846.07 million. The firm’s 50-day moving average price is $18.42 and its 200 day moving average price is $17.89.
Several large investors have recently added to or reduced their stakes in TRS. Norges Bank purchased a new stake in TriMas Corp. during the fourth quarter valued at about $11,751,000. Motley Fool Asset Management LLC boosted its stake in TriMas Corp. by 85.4% in the first quarter. Motley Fool Asset Management LLC now owns 282,427 shares of the company’s stock valued at $4,948,000 after buying an additional 130,094 shares during the period. Prudential Financial Inc. boosted its stake in TriMas Corp. by 722.0% in the first quarter. Prudential Financial Inc. now owns 123,721 shares of the company’s stock valued at $2,168,000 after buying an additional 108,670 shares during the period. Franklin Resources Inc. purchased a new stake in TriMas Corp. during the first quarter valued at about $7,240,000. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in TriMas Corp. by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,133,942 shares of the company’s stock valued at $19,867,000 after buying an additional 14,060 shares during the period.
About TriMas Corp.
TriMas Corporation is a designer, manufacturer and distributor of engineered and applied products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.
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