TriMas Corporation (NASDAQ:TRS – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $43.76 and last traded at $43.7940, with a volume of 328566 shares changing hands. The stock had previously closed at $42.62.
Analyst Ratings Changes
A number of analysts recently commented on TRS shares. KeyCorp reiterated an “overweight” rating and issued a $38.00 target price on shares of TriMas in a research note on Thursday, February 26th. Weiss Ratings lowered shares of TriMas from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Zacks Research upgraded shares of TriMas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $45.00 price target on shares of TriMas in a report on Monday, March 2nd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.50.
Read Our Latest Report on TriMas
TriMas Trading Up 2.7%
TriMas (NASDAQ:TRS – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.24). TriMas had a net margin of 93.79% and a return on equity of 8.38%. The firm had revenue of $168.28 million during the quarter, compared to analyst estimates of $158.24 million. During the same period in the prior year, the company posted $0.46 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. As a group, equities research 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. Investors of record on Thursday, May 7th were given a $0.04 dividend. The ex-dividend date was Thursday, May 7th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. TriMas’s dividend payout ratio is currently 0.66%.
Hedge Funds Weigh In On TriMas
A number of institutional investors have recently bought and sold shares of the business. Capital International Investors acquired a new stake in TriMas during the 3rd quarter valued at approximately $111,673,000. Jefferies Financial Group Inc. purchased a new position in shares of TriMas during the fourth quarter worth $55,036,000. Permian Investment Partners LP acquired a new position in TriMas during the fourth quarter valued at $29,192,000. SG Americas Securities LLC boosted its holdings in TriMas by 688.2% in the first quarter. SG Americas Securities LLC now owns 667,091 shares of the industrial products company’s stock valued at $23,975,000 after purchasing an additional 582,452 shares during the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in TriMas during the 4th quarter worth about $16,605,000. 99.42% of the stock is owned by hedge funds and other institutional investors.
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.
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