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

TriMas (NASDAQ:TRS)‘s stock had its “buy” rating restated by stock analysts at BWS Financial in a report issued on Friday,Benzinga reports. They presently have a $40.00 price target on the industrial products company’s stock. BWS Financial’s target price would suggest a potential upside of 92.26% from the stock’s previous close.

Separately, StockNews.com upgraded TriMas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

TriMas Stock Performance

Shares of NASDAQ TRS traded up $0.34 during midday trading on Friday, reaching $20.81. The company had a trading volume of 31,596 shares, compared to its average volume of 325,928. The stock has a market cap of $844.10 million, a P/E ratio of 32.46 and a beta of 0.66. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. The business’s 50-day simple moving average is $23.87 and its 200 day simple moving average is $25.12. TriMas has a 1 year low of $19.33 and a 1 year high of $28.51.

Institutional Investors Weigh In On TriMas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its stake in shares of TriMas by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company’s stock worth $32,000 after buying an additional 1,158 shares during the last quarter. State of Wyoming purchased a new stake in TriMas in the 4th quarter worth approximately $50,000. KLP Kapitalforvaltning AS acquired a new stake in shares of TriMas during the 4th quarter worth approximately $202,000. Intech Investment Management LLC purchased a new position in shares of TriMas during the 3rd quarter valued at approximately $269,000. Finally, ProShare Advisors LLC acquired a new position in shares of TriMas in the 4th quarter valued at $281,000. 99.42% of the stock is owned by institutional investors and hedge funds.

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.