NEW YORK ( TheStreet) -- Trimas Corporation (TRS) is a manufacturing and distribution company that has been performing very well lately and has caught my eye. Trimas manufactures engineering components for the aerospace and oil industries, towing industries, and it manufactures containers for the packaging industry.
Here is a one year chart of Packaging Corp. of America:
The stock is up 83.7% over the last 12 months and has averaged an average annual return of 32.5% over the last three years. Data from Best Stocks Now App When I compare the overall performance of PKG against the other 3,403 stocks that I rank on a daily basis it earns a grade of "A-". Now let's look at the chart and performance of another containerboard stock: Rock-Tenn is up a whopping 94.7% over the last 12 months. It has been one of the hottest stocks in the entire market. Data from Best Stocks Now App Rock-Tenn earns a current performance grade of "A". As you can see, the containerboard stocks have been and are currently some of the best performing stocks in the market. Trimas is a conglomerate corporation that has acquired many smaller companies in order to more effectively design, produce and distribute products to consumers and to the industries that I listed above. But one of the biggest divisions of Trimas is the packaging sector that makes containers for household, food, cosmetic, medical and industrial products. Tied to that is a division that distributes high and low pressure cylinders to oil and gas sites. The other division focuses on fasteners, trailer hitches, sealing products, gaskets and other important components for planes, trucks, and oil rigs. These have also been good sectors in the economy of late.
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