TriMas’ (TRS) Buy Rating Reiterated at BWS Financial

BWS Financial reiterated their buy rating on shares of TriMas (NASDAQ:TRS) in a report released on Friday morning,Benzinga reports. The brokerage currently has a $45.00 target price on the industrial products company’s stock.

A number of other research analysts also recently issued reports on TRS. Weiss Ratings restated a “hold (c+)” rating on shares of TriMas in a report on Monday, December 1st. KeyCorp cut their price objective on TriMas from $45.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Finally, Zacks Research upgraded TriMas from a “hold” rating to a “strong-buy” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $41.50.

TriMas Stock Up 2.3%

Shares of NASDAQ TRS opened at $33.48 on Friday. The firm’s fifty day moving average is $35.09 and its 200 day moving average is $33.60. TriMas has a 52 week low of $19.33 and a 52 week high of $40.34. The company has a quick ratio of 1.42, a current ratio of 2.68 and a debt-to-equity ratio of 0.56. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 31.00 and a beta of 0.62.

TriMas (NASDAQ:TRS) last announced its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. TriMas had a net margin of 4.35% and a return on equity of 12.39%. The business had revenue of $269.26 million for the quarter, compared to analyst estimates of $262.05 million. During the same quarter last year, the firm earned $0.43 EPS. The company’s revenue was up 17.4% on a year-over-year basis. TriMas has set its FY 2025 guidance at 2.020-2.120 EPS. On average, equities research analysts expect that TriMas will post 1.69 earnings per share for the current year.

TriMas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Thursday, November 6th were given a $0.04 dividend. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. TriMas’s dividend payout ratio is currently 14.81%.

Insider Activity at TriMas

In other news, Director Jeffrey A. Fielkow purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were bought at an average cost of $31.46 per share, for a total transaction of $62,920.00. Following the completion of the transaction, the director directly owned 17,653 shares of the company’s stock, valued at $555,363.38. This trade represents a 12.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 14.20% of the stock is currently owned by insiders.

Institutional Trading of TriMas

A number of hedge funds have recently modified their holdings of the business. CIBC Bancorp USA Inc. bought a new stake in TriMas during the third quarter worth about $1,595,000. Coldstream Capital Management Inc. purchased a new position in shares of TriMas in the third quarter worth $467,000. PharVision Advisers LLC bought a new position in TriMas during the 3rd quarter valued at about $207,000. Dark Forest Capital Management LP lifted its position in TriMas by 598.5% during the third quarter. Dark Forest Capital Management LP now owns 99,162 shares of the industrial products company’s stock valued at $3,832,000 after purchasing an additional 84,966 shares during the period. Finally, Quarry LP purchased a new position in shares of TriMas in the 3rd quarter worth $36,000. Institutional investors own 99.42% of the company’s stock.

About TriMas

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.