Analyst Hamed Khorsand of BWS Financial maintained a Buy rating on Trimas (TRS – Research Report), retaining the price target of $40.00.
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Hamed Khorsand’s rating is based on several key observations about TriMas Corp’s (TRS) recent performance and market position. The company reported first-quarter results that exceeded expectations, with sales and earnings surpassing estimates despite maintaining its full-year guidance due to potential tariff impacts later in the year. This indicates a strong operational performance and adaptability in uncertain market conditions.
Moreover, while packaging sales remained stable compared to the previous year, TRS experienced a notable increase in orders within its aerospace segment, highlighting growth potential in this area. Additionally, the company’s economic resilience and the fact that it has not yet fully captured investor attention suggest that there is an opportunity for future appreciation in its stock value. These factors collectively contribute to Khorsand’s Buy rating for TRS.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TRS in relation to earlier this year.