TriMas (TRS) Stock Rating Upgraded by BidaskClub

TriMas (NASDAQ:TRS) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.

TRS has been the subject of a number of other reports. Deutsche Bank set a $29.00 price target on TriMas and gave the stock a “hold” rating in a research note on Friday, January 19th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $32.00 price target (down from $33.00) on shares of TriMas in a research note on Tuesday, March 6th. Zacks Investment Research upgraded TriMas from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Monday, January 22nd. Finally, ValuEngine upgraded TriMas from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. TriMas currently has an average rating of “Hold” and an average target price of $28.60.

Shares of TriMas (NASDAQ:TRS) opened at $24.70 on Friday. TriMas has a one year low of $19.75 and a one year high of $28.85. The company has a current ratio of 2.55, a quick ratio of 1.28 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $1,156.83, a P/E ratio of 36.87, a P/E/G ratio of 3.00 and a beta of 1.88.

TriMas (NASDAQ:TRS) last issued its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). TriMas had a return on equity of 12.09% and a net margin of 3.79%. The business had revenue of $195.20 million for the quarter, compared to the consensus estimate of $192.36 million. During the same period in the prior year, the business posted $0.30 earnings per share. TriMas’s revenue was up 5.2% on a year-over-year basis. analysts anticipate that TriMas will post 1.69 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can increased 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 worth $183,000 after purchasing an additional 3,623 shares during the period. First Quadrant L P CA purchased a new position in TriMas during the 4th quarter worth $195,000. We Are One Seven LLC purchased a new position in TriMas during the 4th quarter worth $211,000. Cigna Investments Inc. New purchased a new position in TriMas during the 4th quarter worth $212,000. Finally, Thompson Siegel & Walmsley LLC purchased a new position in TriMas during the 3rd quarter worth $227,000.

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TriMas 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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