KeyCorp Cuts TriMas (NASDAQ:TRS) Price Target to $38.00

TriMas (NASDAQ:TRS) had its target price dropped by equities research analysts at KeyCorp from $45.00 to $38.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s price objective would indicate a potential upside of 22.23% from the company’s current price.

Other analysts also recently issued reports about the company. Zacks Research upgraded TriMas from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 29th. BWS Financial reissued a “buy” rating and issued a $45.00 price objective on shares of TriMas in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TriMas in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, TriMas currently has an average rating of “Buy” and an average target price of $41.50.

TriMas Stock Down 2.0%

NASDAQ TRS traded down $0.63 during trading hours on Thursday, hitting $31.09. The company’s stock had a trading volume of 121,374 shares, compared to its average volume of 449,451. The company has a market capitalization of $1.26 billion, a PE ratio of 28.90 and a beta of 0.64. The company’s 50-day simple moving average is $37.22 and its two-hundred day simple moving average is $32.54. The company has a current ratio of 2.68, a quick ratio of 1.44 and a debt-to-equity ratio of 0.56. TriMas has a 52 week low of $19.33 and a 52 week high of $40.34.

TriMas (NASDAQ:TRS) last released its earnings results on Tuesday, October 28th. The industrial products company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $269.26 million during the quarter, compared to the consensus estimate of $262.05 million. TriMas had a net margin of 4.35% and a return on equity of 12.39%. The company’s revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. TriMas has set its FY 2025 guidance at 2.020-2.120 EPS. Research analysts anticipate that TriMas will post 1.69 EPS for the current fiscal year.

Insider Buying and Selling at TriMas

In related news, Director Jeffrey A. Fielkow purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average cost of $31.46 per share, for a total transaction of $62,920.00. Following the acquisition, the director owned 17,653 shares in the company, valued at approximately $555,363.38. This trade represents a 12.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.20% of the stock is owned by corporate insiders.

Institutional Trading of TriMas

A number of institutional investors have recently made changes to their positions in TRS. Capital International Investors bought a new position in TriMas during the third quarter valued at about $111,673,000. First Eagle Investment Management LLC raised its holdings in shares of TriMas by 5.4% during the third quarter. First Eagle Investment Management LLC now owns 296,406 shares of the industrial products company’s stock valued at $11,453,000 after acquiring an additional 15,100 shares during the period. Focus Partners Advisor Solutions LLC acquired a new stake in shares of TriMas in the third quarter worth $327,000. Quantbot Technologies LP boosted its position in TriMas by 13.0% during the 3rd quarter. Quantbot Technologies LP now owns 47,287 shares of the industrial products company’s stock worth $1,827,000 after acquiring an additional 5,436 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in TriMas in the third quarter valued at about $48,000. 99.42% of the stock is owned by institutional investors and hedge funds.

TriMas Company Profile

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.