Shares of TriMas Co. (NASDAQ:TRS - Get Free Report) saw an uptick in trading volume on Tuesday . 684,672 shares were traded during trading, an increase of 187% from the previous session's volume of 238,817 shares.The stock last traded at $24.15 and had previously closed at $23.88.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on TRS. BWS Financial reaffirmed a "buy" rating and set a $40.00 price target on shares of TriMas in a report on Thursday, January 23rd. StockNews.com upgraded shares of TriMas from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th.
Get Our Latest Stock Analysis on TRS
TriMas Stock Down 2.7 %
The company has a quick ratio of 1.44, a current ratio of 2.83 and a debt-to-equity ratio of 0.60. The firm has a market cap of $916.48 million, a price-to-earnings ratio of 35.30 and a beta of 0.66. The stock's 50 day moving average is $24.21 and its 200 day moving average is $25.18.
TriMas Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 28th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, February 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.71%. TriMas's dividend payout ratio is presently 25.00%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in TRS. Sterling Capital Management LLC grew its position in 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 position in TriMas during the 4th quarter worth approximately $50,000. KLP Kapitalforvaltning AS purchased a new position in TriMas during the 4th quarter worth approximately $202,000. Intech Investment Management LLC purchased a new position in TriMas during the 3rd quarter worth approximately $269,000. Finally, ProShare Advisors LLC purchased a new position in TriMas during the 4th quarter worth approximately $281,000. Institutional investors and hedge funds own 99.42% of the company's stock.
TriMas Company Profile
(
Get Free Report)
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.
See Also
Before you consider TriMas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TriMas wasn't on the list.
While TriMas currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
