JP Morgan Upgrades TriMas Corp to Overweight

Brokerage firm JP Morgan Upgrades its rating on TriMas Corp(NASDAQ:TRS). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by JP Morgan was issued on Sep 27, 2016.

In a different note, On Jul 29, 2016, Jefferies said it Maintains its rating on TriMas Corp. In the research note, the firm Lowers the price-target to $19.00 per share. The shares have been rated ‘Hold’ by the firm.

TriMas Corp (TRS) made into the market gainers list on Fridays trading session with the shares advancing 1.20% or 0.22 points. Due to strong positive momentum, the stock ended at $18.61, which is also near the day’s high of $18.7. The stock began the session at $18.5 and the volume stood at 2,65,887 shares. The 52-week high of the shares is $22.02 and the 52 week low is $14.76. The company has a current market capitalization of $846 M and it has 4,54,63,706 shares in outstanding.

TriMas Corp(TRS) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $203.32M. Analysts had an estimated revenue of $222.52M. Earnings per share were $0.34. Analysts had estimated an EPS of $0.34.

Several Insider Transactions has been reported to the SEC. On Aug 8, 2016, Thomas A Amato (CEO) purchased 8,000 shares at $17.85 per share price.Also, On Mar 9, 2016, Nancy Gougarty (director) sold 4,005 shares at $17.61 per share price.On Nov 27, 2015, Marshall A Cohen (director) sold 36,183 shares at $21.00 per share price, according to the Form-4 filing with the securities and exchange commission.

TriMas Corporation (TriMas) is a designer manufacturer and distributor of engineered and applied products for commercial industrial and consumer markets. The Company operates through four segments: Packaging Energy Aerospace and Engineered Components. Its Packaging segment is a designer manufacturer and distributor of engineered closure and dispensing systems for steel and plastic industrial and consumer packaging applications. Its Energy segment is a manufacturer and distributor of metallic and non-metallic gaskets bolts industrial fasteners and specialty products for the petroleum refining petrochemical oil field and industrial markets. Its Aerospace segment is a designer and manufacturer of a range of products for use in the aerospace industry. Its Engineered Components is a designer manufacturer and distributor of natural gas powered engines and parts and high-pressure and low-pressure steel cylinders for the transportation storage and dispensing of compressed gases.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *