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Investing.com - BWS Financial has raised its price target on TriMas Corp . (NASDAQ:TRS) to $45.00 from $40.00 while maintaining a Buy rating on the stock. The company’s stock has shown remarkable momentum, gaining over 43% in the past six months and currently trading near its 52-week high of $36.77.
The firm cited stronger-than-expected momentum in both the packaging and aerospace divisions of TriMas, which has prompted the company to raise its sales and earnings guidance for the current year.
BWS Financial noted there is now clarity in the order book for both business segments, providing more visibility into future performance.
The research firm specifically highlighted the aerospace business, stating it is now on a run rate that should lead to more than $400 million in sales in 2026.
Based on these developments, BWS Financial has raised its estimates for TriMas for 2025, resulting in the $5 increase to its price target.
In other recent news, TriMas Corporation reported its second-quarter earnings for 2025, significantly surpassing analyst expectations. The company achieved an adjusted earnings per share (EPS) of $0.61, compared to the forecasted $0.47, marking a surprise of nearly 30%. Additionally, TriMas reported revenue figures of $275 million, exceeding the anticipated $248.81 million. These results highlight a strong performance for the quarter. The earnings announcement was a focal point for investors, reflecting positively on the company’s financial health. The revenue and earnings figures are crucial for investors, as they provide insight into the company’s operational success. These developments are part of the latest updates concerning TriMas, indicating a noteworthy quarter.
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