TriMas Corporation (TRS) Formed Bullish Double Top Chart Pattern; Buyers Could Thrive

April 20, 2018 - By reb123z

Investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.28, from 1.2 in 2017Q3. It dived, as 10 investors sold TriMas Corporation shares while 51 reduced holdings. 17 funds opened positions while 39 raised stakes. 44.24 million shares or 0.12% more from 44.19 million shares in 2017Q3 were reported.
Thrivent Finance For Lutherans invested in 414,401 shares or 0.04% of the stock. Zebra Cap Ltd Liability Corp reported 7,876 shares stake. Sei holds 0% of its portfolio in TriMas Corporation (NASDAQ:TRS) for 13,546 shares. Wilen reported 16,650 shares. Pzena Investment Mgmt Llc holds 0.31% or 2.36 million shares in its portfolio. Legal General Group Pcl has 20,233 shares for 0% of their portfolio. Grandeur Peak Glob Advisors Ltd Com has invested 0.88% in TriMas Corporation (NASDAQ:TRS). Tower Cap Llc (Trc) has 0.01% invested in TriMas Corporation (NASDAQ:TRS). Heartland Advsrs accumulated 353,264 shares. First Trust Advisors Lp invested in 0.01% or 157,912 shares. Great West Life Assurance Can holds 6,790 shares. 2,250 were reported by Envestnet Asset Mgmt. Barrow Hanley Mewhinney And Strauss Llc reported 158,287 shares stake. Moreover, Ny State Common Retirement Fund has 0% invested in TriMas Corporation (NASDAQ:TRS) for 70,567 shares. Aqr Capital Llc reported 0.01% stake.

The chart of TriMas Corporation (TRS) shows a double top with $29.64 target or 7.00 % above today’s $27.70 share price. The 5 months chart pattern indicates low risk for the $1.27 billion company. It was reported on Apr, 20 by If the $29.64 price target is reached, the company will be worth $89.04 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.73% or $0.2 during the last trading session, reaching $27.7. About 89,690 shares traded. TriMas Corporation (NASDAQ:TRS) has risen 20.81% since April 20, 2017 and is uptrending. It has outperformed by 9.26% the S&P500.

Analysts await TriMas Corporation (NASDAQ:TRS) to report earnings on April, 26 before the open. They expect $0.38 EPS, up 26.67 % or $0.08 from last year’s $0.3 per share. TRS’s profit will be $17.45 million for 18.22 P/E if the $0.38 EPS becomes a reality. After $0.31 actual EPS reported by TriMas Corporation for the previous quarter, Wall Street now forecasts 22.58 % EPS growth.

TriMas Corporation (NASDAQ:TRS) Ratings Coverage

Among 4 analysts covering Trimas Corp (NASDAQ:TRS), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Trimas Corp had 4 analyst reports since January 19, 2018 according to SRatingsIntel. The rating was maintained by Roth Capital with “Hold” on Wednesday, February 28. As per Tuesday, March 6, the company rating was maintained by JP Morgan.

TriMas Corporation (NASDAQ:TRS) Institutional Positions Chart

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