BWS Financial Reaffirms Buy Rating for TriMas (NASDAQ:TRS)

TriMas (NASDAQ:TRS)‘s stock had its “buy” rating reaffirmed by equities research analysts at BWS Financial in a report released on Friday,Benzinga reports. They currently have a $45.00 price objective on the industrial products company’s stock. BWS Financial’s price target suggests a potential upside of 26.65% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of TriMas in a report on Wednesday, October 8th. KeyCorp set a $45.00 target price on TriMas and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Finally, Zacks Research raised TriMas from a “hold” rating to a “strong-buy” rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $45.00.

TriMas Trading Down 0.8%

NASDAQ TRS opened at $35.53 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.68 and a debt-to-equity ratio of 0.56. TriMas has a twelve month low of $19.33 and a twelve month high of $40.34. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 32.90 and a beta of 0.62. The business’s fifty day moving average is $38.18 and its 200 day moving average is $31.88.

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

Institutional Trading of TriMas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in TriMas in the 3rd quarter valued at about $65,000. State of Wyoming acquired a new position in TriMas during the 2nd quarter valued at about $65,000. BNP Paribas Financial Markets boosted its stake in TriMas by 35.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,319 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 868 shares during the last quarter. USA Financial Formulas bought a new position in shares of TriMas in the third quarter valued at approximately $111,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of TriMas by 280.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,193 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 3,091 shares in the last quarter. 99.42% of the stock is owned by institutional investors.

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.