TriMas’ (TRS) Buy Rating Reiterated at BWS Financial

TriMas (NASDAQ:TRS)‘s stock had its “buy” rating reiterated by equities research analysts at BWS Financial in a research report issued on Friday,Benzinga reports. They presently have a $45.00 price target on the industrial products company’s stock. BWS Financial’s price objective points to a potential upside of 34.32% from the company’s current price.

TRS has been the subject of several other research reports. KeyCorp dropped their price target on shares of TriMas from $45.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. Zacks Research upgraded TriMas from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of TriMas in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $41.50.

TriMas Stock Performance

Shares of NASDAQ TRS traded up $0.78 during trading hours on Friday, reaching $33.50. The stock had a trading volume of 639,752 shares, compared to its average volume of 477,280. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 30.98 and a beta of 0.62. TriMas has a twelve month low of $19.33 and a twelve month high of $40.34. The business’s fifty day moving average is $35.19 and its two-hundred day moving average is $33.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.42.

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

Insider Activity at TriMas

In other news, Director Jeffrey A. Fielkow acquired 2,000 shares of TriMas stock in a transaction dated Tuesday, November 11th. The stock was bought at an average cost of $31.46 per share, with a total value of $62,920.00. Following the completion of the transaction, the director directly owned 17,653 shares of the company’s stock, valued at approximately $555,363.38. This represents a 12.78% increase in their ownership of the stock. The acquisition 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 currently owned by company insiders.

Institutional Investors Weigh In On TriMas

Several institutional investors have recently bought and sold shares of the company. Capital International Investors bought a new position in shares of TriMas during the 3rd quarter worth approximately $111,673,000. Irenic Capital Management LP bought a new position in TriMas in the first quarter valued at $19,997,000. Alta Fox Capital Management LLC acquired a new stake in TriMas in the 1st quarter valued at $17,385,000. Blue Grotto Capital LLC acquired a new position in shares of TriMas during the 3rd quarter worth about $11,925,000. Finally, Simcoe Capital Management LLC bought a new position in shares of TriMas in the 1st quarter valued at about $6,451,000. Institutional investors own 99.42% of the company’s stock.

About TriMas

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.