Key Points
- TriMas director Herbert Parker sold 15,000 shares on June 30 at an average price of $45.03, totaling $675,450. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and Parker’s ownership fell by 20.62%.
- TriMas shares were down 3.9% and opened at $43.28, while the stock remains near its 52-week high of $45.43. The company has a market cap of about $1.55 billion and a low beta of 0.60.
- Recent earnings showed mixed results: TriMas missed EPS expectations at $0.24 versus $0.48 expected, but revenue came in above estimates at $168.28 million and rose 10.3% year over year. Analysts currently view the stock as a “Moderate Buy” with a consensus price target of $41.50.
TriMas Corporation (NASDAQ:TRS - Get Free Report) Director Herbert Parker sold 15,000 shares of the business'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 in the company, valued at approximately $2,601,022.86. This trade represents a 20.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
TriMas Stock Down 3.9%
Shares of NASDAQ TRS opened at $43.28 on Thursday. The company has a 50 day simple moving average of $40.58 and a 200 day simple moving average of $37.60. The firm has a market cap of $1.55 billion, a PE 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 debt-to-equity ratio of 0.27, a current ratio of 4.85 and a quick ratio of 4.50.
TriMas (NASDAQ:TRS - Get Free Report) last posted its 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). TriMas had a return on equity of 8.38% and a net margin of 93.79%.The business had revenue of $168.28 million for the quarter, compared to analyst estimates of $158.24 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The firm's quarterly revenue was up 10.3% on a year-over-year basis. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. On average, research analysts forecast that TriMas Corporation will post 1.67 EPS for the current year.
TriMas Dividend Announcement
The firm also recently declared 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. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, May 7th. TriMas's payout ratio is 0.66%.
Wall Street Analysts Forecast Growth
TRS has been the subject of a number of recent research reports. Zacks Research upgraded TriMas from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 5th. Weiss Ratings raised TriMas from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.50.
Get Our Latest Research Report on TRS
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Oliver Luxxe Assets LLC increased its position in TriMas by 99.7% in the 4th quarter. Oliver Luxxe Assets LLC now owns 61,720 shares of the industrial products company's stock valued at $2,188,000 after buying an additional 30,807 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in TriMas in the third quarter worth approximately $9,419,000. Wakefield Asset Management LLLP bought a new position in TriMas in the third quarter worth approximately $1,179,000. SG Americas Securities LLC grew its stake in TriMas by 505.8% in the fourth quarter. SG Americas Securities LLC now owns 84,639 shares of the industrial products company's stock valued at $3,000,000 after acquiring an additional 70,667 shares during the period. Finally, Blue Grotto Capital LLC bought a new stake in shares of TriMas during the third quarter valued at approximately $11,925,000. Institutional investors and hedge funds own 99.42% of the company's stock.
TriMas Company Profile
(
Get Free Report)
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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