The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Fri Nov 4, 2016
TriMas Corp. insider Thomas Amato has purchased 2,200 shares of the firm’s stock in a transaction on Monday, Oct. 31. The shares were acquired at an average cost of $17.61 per share, for a total transaction of $38,742. Following the completion of the purchase, the insider now directly owns 9,300 shares of the company’s stock, valued at about $163,773. The purchase was disclosed in a legal filing with the SEC.
TriMas Corp. opened at 17.55 on Friday. The stock’s market capitalization is $798.53 million. TriMas Corp. has a 52-week low of $14.76 and a 52-week high of $22.02. The company has a 50-day moving average of $17.89 and a 200-day moving average of $17.95.
TriMas Corp. last announced its quarterly earnings results on Thursday, Oct. 27. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $202.3 million for the quarter, compared to analysts’ expectations of $213.24 million. The business’s quarterly revenue was down 9 percent on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 EPS. Equities analysts expect that TriMas Corp. will post $1.26 EPS for the current fiscal year.
Several research firms have commented on TRS. TheStreet downgraded shares of TriMas Corp. from a “hold” rating to a “sell” rating in a research note on Friday, Oct. 28. Roth Capital set a $19 price target on shares of TriMas Corp and gave the stock a “hold” rating in a research note on Sunday, Oct. 30. JPMorgan Chase & Co. raised shares of TriMas Corp from a “neutral” rating to an “overweight” rating and set a $20 price target on the stock in a research note on Tuesday, Sept. 27. Finally, Jefferies Group decreased its price target on shares of TriMas Corp from $19 to $18 and set a “hold” rating on the stock in a research note on Friday, July 29.