Barrington Reiterates Outperform on TriMas

Barrington is out with its report today on TriMas (NASDAQ: TRS), reiterating Outperform.

In its report, Barrington writes, "We reiterate our OUTPERFORM rating prior to the Q3/11 earnings release. Our last insight from management was at the September 14, 2011 Analyst Day. At that meeting, management did not provide a quantitative update on the Q3/11 sales or profit trends, but we believe that the commentary suggests that Q3/11 metrics were tracking to the consensus estimates. In our view, TRS is an excellent small cap value story with several growth opportunities including a new accretive acquisition."

Barrington maintains a $23 PT on TRS.

Shares of TRS closed Tuesday at $17.38.