TriMas (NASDAQ:TRS) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of TriMas (NASDAQ:TRS) from a hold rating to a strong sell rating in a research note issued to investors on Thursday morning,Zacks.com reports.

A number of other equities research analysts also recently issued reports on TRS. Weiss Ratings reissued a “hold (c+)” rating on shares of TriMas in a research report on Monday, December 29th. BWS Financial reaffirmed a “buy” rating and issued a $45.00 price objective on shares of TriMas in a research note on Monday, March 2nd. KeyCorp reiterated an “overweight” rating and set a $38.00 target price on shares of TriMas in a report on Thursday, February 26th. Finally, Wall Street Zen downgraded shares of TriMas from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $41.50.

TriMas Price Performance

Shares of TRS opened at $37.44 on Thursday. TriMas has a 1-year low of $19.45 and a 1-year high of $42.00. The firm has a fifty day moving average price of $35.88 and a 200 day moving average price of $36.05. The stock has a market cap of $1.41 billion, a PE ratio of 12.61 and a beta of 0.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.52 and a quick ratio of 1.42.

TriMas (NASDAQ:TRS) last released its quarterly earnings data on Thursday, February 26th. The industrial products company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The firm had revenue of $155.49 million for the quarter, compared to analyst estimates of $192.96 million. TriMas had a return on equity of 12.04% and a net margin of 11.53%.The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. As a group, sell-side analysts anticipate that TriMas will post 1.69 EPS for the current year.

TriMas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 27th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, February 27th. TriMas’s dividend payout ratio is currently 5.39%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of TriMas by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,120 shares of the industrial products company’s stock valued at $565,000 after buying an additional 1,014 shares in the last quarter. Jane Street Group LLC acquired a new position in TriMas during the 1st quarter worth approximately $868,000. Teacher Retirement System of Texas purchased a new position in TriMas in the 2nd quarter worth approximately $292,000. Atria Investments Inc purchased a new position in TriMas in the 2nd quarter worth approximately $635,000. Finally, First Eagle Investment Management LLC grew its position in TriMas by 3.2% in the second quarter. First Eagle Investment Management LLC now owns 281,306 shares of the industrial products company’s stock valued at $8,048,000 after acquiring an additional 8,800 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Company Profile

TriMas Corporation is a diversified industrial company headquartered in Bloomfield Hills, Michigan. Established in 1980, TriMas has built a global reputation for designing and manufacturing specialized products that serve a wide array of end markets. The company operates through multiple segments, each focused on high-demand niches where engineered solutions and rigorous quality standards are essential.

The Packaging segment supplies closures, dispensing systems and related components for the personal care, household chemicals, food and beverage, and pharmaceutical markets.