TriMas (NASDAQ:TRS) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
Other analysts have also issued reports about the stock. ValuEngine upgraded shares of TriMas from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of TriMas from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Monday, January 22nd. Finally, Deutsche Bank set a $29.00 price objective on shares of TriMas and gave the stock a “hold” rating in a report on Friday, January 19th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $26.83.
Shares of TriMas (NASDAQ:TRS) opened at $25.90 on Thursday. The company has a quick ratio of 1.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1,140.74, a price-to-earnings ratio of -35.97, a price-to-earnings-growth ratio of 3.06 and a beta of 1.94. TriMas has a 12-month low of $19.75 and a 12-month high of $28.85.
Several large investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can lifted its holdings in TriMas by 114.4% during the 3rd quarter. Great West Life Assurance Co. Can now owns 6,790 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 3,623 shares during the last quarter. First Quadrant L P CA bought a new position in TriMas during the 4th quarter valued at about $195,000. We Are One Seven LLC bought a new position in TriMas during the 4th quarter valued at about $211,000. Cigna Investments Inc. New bought a new position in TriMas during the 4th quarter valued at about $212,000. Finally, Thompson Siegel & Walmsley LLC bought a new position in TriMas during the 3rd quarter valued at about $227,000. 98.26% of the stock is owned by institutional investors.
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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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