TriMas Corp (NYSE:TRS) – Investment analysts at Jefferies Group dropped their Q3 2017 earnings per share (EPS) estimates for shares of TriMas Corp in a research report issued to clients and investors on Monday. Jefferies Group analyst B. Bohra now expects that the industrial products company will post earnings per share of $0.38 for the quarter, down from their previous estimate of $0.39. Jefferies Group currently has a “Hold” rating and a $24.00 target price on the stock. Jefferies Group also issued estimates for TriMas Corp’s FY2017 earnings at $1.44 EPS and FY2018 earnings at $1.56 EPS.
TriMas Corp (NYSE:TRS) last announced its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. TriMas Corp had a return on equity of 5.55% and a net margin of 3.50%. The business had revenue of $213.39 million during the quarter, compared to analyst estimates of $205.22 million. During the same period in the prior year, the company earned $0.34 earnings per share. TriMas Corp’s revenue was up 5.0% compared to the same quarter last year.
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TRS has been the subject of a number of other reports. ValuEngine upgraded shares of TriMas Corp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of TriMas Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Zacks Investment Research raised shares of TriMas Corp from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Saturday, July 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. TriMas Corp presently has an average rating of “Hold” and an average target price of $23.50.
TriMas Corp (NYSE:TRS) opened at 24.65 on Wednesday. The firm’s 50-day moving average price is $21.77 and its 200 day moving average price is $21.74. The company’s market capitalization is $1.13 billion. TriMas Corp has a one year low of $17.00 and a one year high of $25.00.
In other TriMas Corp news, insider Thomas A. Amato acquired 1,700 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was purchased at an average price of $22.75 per share, with a total value of $38,675.00. Following the transaction, the insider now directly owns 57,379 shares in the company, valued at approximately $1,305,372.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Robert J. Zalupski sold 2,200 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $22.00, for a total transaction of $48,400.00. The disclosure for this sale can be found here.
Several large investors have recently modified their holdings of TRS. Teachers Advisors LLC increased its stake in shares of TriMas Corp by 5.0% in the fourth quarter. Teachers Advisors LLC now owns 76,580 shares of the industrial products company’s stock worth $1,800,000 after buying an additional 3,628 shares during the last quarter. First Manhattan Co. increased its stake in shares of TriMas Corp by 4.2% in the first quarter. First Manhattan Co. now owns 2,374,691 shares of the industrial products company’s stock worth $44,192,000 after buying an additional 96,455 shares during the last quarter. First Trust Advisors LP increased its stake in shares of TriMas Corp by 37.1% in the first quarter. First Trust Advisors LP now owns 277,720 shares of the industrial products company’s stock worth $5,763,000 after buying an additional 75,225 shares during the last quarter. Capital Fund Management S.A. acquired a new stake in shares of TriMas Corp during the first quarter worth about $427,000. Finally, Comerica Bank increased its stake in shares of TriMas Corp by 82.7% in the first quarter. Comerica Bank now owns 186,271 shares of the industrial products company’s stock worth $4,349,000 after buying an additional 84,311 shares during the last quarter.
About TriMas Corp
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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