TriMas (NASDAQ:TRS) Reaches New 1-Year High – Time to Buy?

TriMas Corporation (NASDAQ:TRS) reached a new 52-week high during trading on Wednesday . The company traded as high as $45.17 and last traded at $45.03, with a volume of 337659 shares trading hands. The stock had previously closed at $44.52.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TRS. Weiss Ratings upgraded shares of TriMas from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Zacks Research raised shares of TriMas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, TriMas presently has an average rating of “Moderate Buy” and a consensus target price of $41.50.

TriMas Stock Up 1.1%

The stock has a fifty day moving average of $40.47 and a two-hundred day moving average of $37.54. The company has a quick ratio of 4.50, a current ratio of 4.85 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 1.87 and a beta of 0.60.

TriMas (NASDAQ:TRS) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.24). The firm had revenue of $168.28 million for the quarter, compared to analyst estimates of $158.24 million. TriMas had a return on equity of 8.38% and a net margin of 93.79%.The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. As a group, analysts predict that TriMas Corporation will post 1.67 EPS for the current fiscal year.

TriMas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued a dividend of $0.04 per share. The ex-dividend date was Thursday, May 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. TriMas’s payout ratio is presently 0.66%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TRS. AdvisorNet Financial Inc purchased a new stake in TriMas during the first quarter worth approximately $28,000. Covestor Ltd raised its stake in shares of TriMas by 20,525.0% in the 4th quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 821 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of TriMas in the 4th quarter valued at $29,000. Ball & Co Wealth Management Inc. acquired a new position in shares of TriMas during the 4th quarter valued at $35,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of TriMas by 1,958.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,029 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 979 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

TriMas Company Profile

TriMas Corporation is a diversified industrial company headquartered in Bloomfield Hills, Michigan. Established in 1980, TriMas has built a global reputation for designing and manufacturing specialized products that serve a wide array of end markets. The company operates through multiple segments, each focused on high-demand niches where engineered solutions and rigorous quality standards are essential.

The Packaging segment supplies closures, dispensing systems and related components for the personal care, household chemicals, food and beverage, and pharmaceutical markets.