ValuEngine upgraded shares of TriMas (NASDAQ:TRS) from a hold rating to a buy rating in a research report sent to investors on Friday.
Several other equities analysts have also commented on TRS. BidaskClub lowered TriMas from a buy rating to a hold rating in a report on Wednesday, January 10th. Zacks Investment Research raised TriMas from a hold rating to a buy rating and set a $31.00 target price on the stock in a report on Monday, January 22nd. Finally, Deutsche Bank set a $29.00 target price on TriMas and gave the company a hold rating in a report on Friday, January 19th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $26.83.
TriMas (NASDAQ:TRS) opened at $24.35 on Friday. The company has a market capitalization of $1,191.04, a price-to-earnings ratio of -33.82, a P/E/G ratio of 3.27 and a beta of 1.94. The company has a quick ratio of 1.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.62. TriMas has a twelve month low of $19.75 and a twelve month high of $28.85.
Several hedge funds have recently modified their holdings of TRS. Vanguard Group Inc. boosted its stake in shares of TriMas by 2.9% during the second quarter. Vanguard Group Inc. now owns 3,753,870 shares of the industrial products company’s stock worth $78,268,000 after buying an additional 106,133 shares during the period. Fiduciary Management Inc. WI boosted its stake in shares of TriMas by 4.9% during the third quarter. Fiduciary Management Inc. WI now owns 2,879,901 shares of the industrial products company’s stock worth $77,757,000 after buying an additional 134,255 shares during the period. Victory Capital Management Inc. boosted its stake in shares of TriMas by 23.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,958,825 shares of the industrial products company’s stock worth $52,399,000 after buying an additional 373,375 shares during the period. State Street Corp boosted its stake in shares of TriMas by 6.7% during the second quarter. State Street Corp now owns 904,136 shares of the industrial products company’s stock worth $18,849,000 after buying an additional 56,764 shares during the period. Finally, Royce & Associates LP boosted its stake in shares of TriMas by 14.8% during the third quarter. Royce & Associates LP now owns 596,572 shares of the industrial products company’s stock worth $16,107,000 after buying an additional 77,000 shares during the period. 97.32% of the stock is currently owned by institutional investors.
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TriMas Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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