TriMas (NASDAQ:TRS) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of TriMas (NASDAQ:TRS) from a hold rating to a strong sell rating in a research report released on Thursday morning,Zacks.com reports.

Several other equities analysts have also recently commented on the company. KeyCorp reiterated an “overweight” rating and set a $38.00 target price on shares of TriMas in a research note on Thursday, February 26th. BWS Financial reaffirmed a “buy” rating and issued a $45.00 price target on shares of TriMas in a report on Monday, March 2nd. Wall Street Zen lowered shares of TriMas from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of TriMas in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.50.

TriMas Trading Down 3.2%

NASDAQ TRS opened at $37.44 on Thursday. The company has a current ratio of 2.52, a quick ratio of 1.42 and a debt-to-equity ratio of 0.66. TriMas has a 52 week low of $19.45 and a 52 week high of $42.00. The company’s fifty day simple moving average is $35.88 and its 200-day simple moving average is $36.05. The stock has a market cap of $1.41 billion, a P/E ratio of 12.61 and a beta of 0.55.

TriMas (NASDAQ:TRS) last issued its quarterly earnings data on Thursday, February 26th. The industrial products company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). TriMas had a net margin of 11.53% and a return on equity of 12.04%. The business had revenue of $155.49 million for the quarter, compared to analyst estimates of $192.96 million. During the same quarter last year, the business earned $0.43 EPS. TriMas’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities research analysts predict that TriMas will post 1.69 EPS for the current fiscal year.

TriMas Dividend Announcement

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

Hedge Funds Weigh In On TriMas

A number of hedge funds have recently added to or reduced their stakes in TRS. Invesco Ltd. increased its stake in TriMas by 2.5% during the fourth quarter. Invesco Ltd. now owns 76,578 shares of the industrial products company’s stock valued at $2,715,000 after purchasing an additional 1,854 shares during the last quarter. Alberta Investment Management Corp acquired a new position in shares of TriMas in the 4th quarter valued at about $16,605,000. Beartown Capital Management LLC bought a new stake in shares of TriMas during the 4th quarter valued at about $354,000. XTX Topco Ltd grew its position in shares of TriMas by 308.7% during the 4th quarter. XTX Topco Ltd now owns 82,214 shares of the industrial products company’s stock valued at $2,914,000 after buying an additional 62,100 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its stake in TriMas by 11.3% during the fourth quarter. Voloridge Investment Management LLC now owns 74,590 shares of the industrial products company’s stock worth $2,644,000 after acquiring an additional 7,600 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

About TriMas

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.