Franklin Resources Decreases Investment in TriMas Corporation
June 26, 2023
🌥️Trending News
TRIMAS ($NASDAQ:TRS): TriMas Corporation, a diversified manufacturer of engineered and applied products, recently faced a decrease in its stake in Franklin Resources Inc., a global investment management organization. The company operates through four segments: Packaging, Energy, Aerospace and Engineered Components and CPG. These segments serve a variety of markets including industrial, automotive, aerospace, defense, energy and consumer products. TriMas Corporation’s portfolio of products includes fastening systems, fastener components, precision-machined components, pipe fittings, valves, specialty packaging, banding systems, cable components and other specialty products.
The company also provides cost-effective solutions to their customers with their custom manufacturing capabilities. Overall, TriMas Corporation has established itself as a reliable engineering and manufacturing partner for many industries around the world. As the company continues to seek out new opportunities and expand its business, it is hopeful that it can recover from this recent decrease in investment from Franklin Resources Inc.
Price History
On Tuesday, TRIMAS CORPORATION stock opened at $25.6 and closed at $25.8, up by 0.5% from previous closing price of 25.6. Although this decrease was not overly large, it has raised some concerns among investors with regards to the company’s stock performance. Additionally, the news has led to a slight drop in TRIMAS CORPORATION’s stock price, with many investors selling off their shares in an attempt to recoup any potential losses. Despite this, the company’s stock has shown a slight improvement and appears to still be performing relatively well in the current market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Trimas Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 874.98 | 56.91 | 4.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Trimas Corporation. More…
| Operations | Investing | Financing |
| 76.59 | -31.79 | -51.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Trimas Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.32k | 670.61 | 15.67 |
Key Ratios Snapshot
Some of the financial key ratios for Trimas Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.1% | -10.7% | 10.3% |
| FCF Margin | ROE | ROA |
| 3.2% | 8.7% | 4.3% |
Analysis
As GoodWhale, we recently performed an analysis of TRIMAS CORPORATION‘s financials. The results of our analysis showed that TRIMAS CORPORATION has a high health score of 8/10 with regard to its cashflows and debt. This shows that TRIMAS CORPORATION is capable to pay off debt and fund future operations. Based on these results, we classified TRIMAS CORPORATION as a ‘cow’, which is a type of company that has the track record of paying out consistent and sustainable dividends. This makes it an attractive investment option for investors that are looking for steady and reliable returns. In addition to its healthy financials, our analysis also showed that TRIMAS CORPORATION is strong in liquidity, medium in asset utilization, dividend sustainability, profitability and weak in growth. These factors make it a good long-term investment choice for investors who are looking for companies with established track records of success. More…
Peers
The company competes with other companies in the same industry, such as Altra Industrial Motion Corp, Cummins Inc, and EnPro Industries Inc.
– Altra Industrial Motion Corp ($NASDAQ:AIMC)
Altra Industrial Motion Corp is a global designer, producer and marketer of a range of mechanical power transmission products. The company’s products are used in a variety of industries, including food and beverage, material handling, packaging, automotive, aerospace, construction, mining, oil and gas, and others. Altra Industrial Motion Corp has a market cap of 2.43B as of 2022 and a Return on Equity of 3.09%. The company’s products are used in a variety of industries, including food and beverage, material handling, packaging, automotive, aerospace, construction, mining, oil and gas, and others. Altra Industrial Motion Corp is headquartered in Braintree, Massachusetts, and has manufacturing facilities in the United States, Europe, Asia, and South America.
– Cummins Inc ($NYSE:CMI)
Cummins Inc is a company that manufactures engines and other power generation products. As of 2022, the company has a market capitalization of 31.69 billion dollars and a return on equity of 19.85%. The company has a long history dating back to 1919, and it is headquartered in Columbus, Indiana, in the United States. Cummins is a global leader in the design, manufacture, and distribution of engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions, and electrical power generation systems. The company operates in more than 190 countries and territories through a network of approximately 600 company-owned and independent distributors and 6,500 dealers.
– EnPro Industries Inc ($NYSE:NPO)
EnPro Industries Inc is a diversified industrial company with a focus on engineered products and industrial services. The company’s market cap as of 2022 is 2.01B, and its ROE is 11.96%. EnPro operates in three segments: sealing products, industrial products, and services. Sealing products includes gaskets, seals, and packing products for a variety of applications in the automotive, aerospace, and other industries. Industrial products includes bearings, power transmission products, and other products for the industrial and transportation markets. Services includes repair and replacement services for bearings, seals, and other products, as well as technical services.
Summary
A recent investing analysis indicates that Franklin Resources Inc. has reduced its stake in TriMas Co. TriMas Corporation’s stock price rose slightly following the news. The company is focused on improving its operations, expanding its customer base, and driving organic growth. It has also recently acquired businesses to further diversify its portfolio.
Investors continue to show interest in TriMas Corporation, though they are cautious due to the recent fluctuations in the market. Overall, TriMas Corporation appears to be an attractive investment opportunity for those looking for steady returns and capital appreciation.
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