TriMas Corp (TRS) is Upgraded by JP Morgan to Overweight

TriMas Corp (TRS) was Upgraded by JP Morgan to ” Overweight”. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on Sep 27, 2016.

On the company’s financial health, TriMas Corp reported $0.34 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.34. The company had revenue of $203.30 million for the quarter, compared to analysts expectations of $222.50 million. The company’s revenue was down -9.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

TriMas Corp opened for trading at $17.67 and hit $18.04 on the upside on Thursday, eventually ending the session at $18.02, with a gain of 2.97% or 0.52 points. The heightened volatility saw the trading volume jump to 1,29,329 shares. Company has a market cap of $819 M.

In a different news, on Aug 8, 2016, Thomas A Amato (CEO) purchased 8,000 shares at $17.85 per share price. According to the SEC, 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.

TriMas Corp

Leave a Reply

TriMas Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on TriMas Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.