News headlines about TriMas Corp (NYSE:TRS) have trended positive this week, according to Alpha One. The research group, a unit of Accern, rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TriMas Corp earned a media sentiment score of 0.44 on Alpha One’s scale. Alpha One also gave news coverage about the industrial products company an impact score of 88 out of 100, meaning that recent press coverage is very likely to have an effect on the stock’s share price in the next few days.
Shares of TriMas Corp (NYSE:TRS) remained flat at $20.90 during mid-day trading on Friday. 301,615 shares of the stock traded hands. The company’s market capitalization is $951.37 million. TriMas Corp has a 52-week low of $15.63 and a 52-week high of $24.25. The stock’s 50-day moving average price is $20.86 and its 200-day moving average price is $21.09.
TriMas Corp (NYSE:TRS) last issued its quarterly earnings data on Tuesday, February 28th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $185.50 million for the quarter, compared to analyst estimates of $191.10 million. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Equities research analysts anticipate that TriMas Corp will post $1.39 earnings per share for the current year.
TRS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut TriMas Corp from an “overweight” rating to a “neutral” rating and upped their target price for the company from $20.00 to $24.00 in a research report on Friday, January 13th. Roth Capital set a $23.00 target price on TriMas Corp and gave the company a “hold” rating in a research report on Wednesday, March 1st. Seaport Global Securities raised TriMas Corp from an “accumulate” rating to a “buy” rating in a research report on Wednesday, February 1st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $22.00 target price (up from $18.00) on shares of TriMas Corp in a research report on Monday, March 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.00.
In other TriMas Corp news, Director Nancy Gougarty sold 2,976 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $21.01, for a total value of $62,525.76. Following the completion of the sale, the director now directly owns 24,603 shares in the company, valued at $516,909.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert J. Zalupski sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $21.25, for a total value of $31,875.00. The disclosure for this sale can be found here. Insiders sold 9,476 shares of company stock valued at $199,901 over the last 90 days.
TriMas Corp Company Profile
TriMas Corporation is a designer, manufacturer and distributor of engineered 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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