TriMas Corporation (NASDAQ:TRS – Get Free Report) Director Herbert Parker sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $45.03, for a total value of $675,450.00. Following the sale, the director owned 57,762 shares of the company’s stock, valued at $2,601,022.86. This represents a 20.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
TriMas Trading Down 3.9%
Shares of NASDAQ TRS traded down $1.75 during midday trading on Wednesday, hitting $43.28. The stock had a trading volume of 434,215 shares, compared to its average volume of 490,780. The company has a fifty day moving average price of $40.47 and a 200 day moving average price of $37.54. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 1.80 and a beta of 0.60. TriMas Corporation has a 1-year low of $28.98 and a 1-year high of $45.43. The company has a quick ratio of 4.50, a current ratio of 4.85 and a debt-to-equity ratio of 0.27.
TriMas (NASDAQ:TRS – Get Free Report) last posted 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 business had revenue of $168.28 million during the quarter, compared to analysts’ expectations of $158.24 million. TriMas had a net margin of 93.79% and a return on equity of 8.38%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. On average, analysts predict that TriMas Corporation will post 1.67 earnings per share for the current year.
TriMas Dividend Announcement
Wall Street Analysts Forecast Growth
Several brokerages recently commented on TRS. Zacks Research upgraded TriMas from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded TriMas from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.
Get Our Latest Report on TriMas
Institutional Investors Weigh In On TriMas
Hedge funds have recently bought and sold shares of the business. Mariner LLC boosted its stake in shares of TriMas by 2.2% during the 3rd quarter. Mariner LLC now owns 19,536 shares of the industrial products company’s stock valued at $755,000 after buying an additional 414 shares during the last quarter. Ellevest Inc. increased its stake in shares of TriMas by 11.6% in the fourth quarter. Ellevest Inc. now owns 6,418 shares of the industrial products company’s stock worth $228,000 after buying an additional 669 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in TriMas in the first quarter valued at $28,000. Los Angeles Capital Management LLC bought a new position in TriMas during the 4th quarter valued at $29,000. Finally, Covestor Ltd boosted its stake in TriMas by 20,525.0% during 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 last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.
About TriMas
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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