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NASDAQ:TRS

TriMas (TRS) Stock Price, News & Analysis

TriMas logo
$26.95 +0.36 (+1.35%)
(As of 11/22/2024 ET)

About TriMas Stock (NASDAQ:TRS)

Key Stats

Today's Range
$26.33
$27.02
50-Day Range
$24.50
$28.32
52-Week Range
$22.45
$28.51
Volume
121,821 shs
Average Volume
267,262 shs
Market Capitalization
$1.09 billion
P/E Ratio
42.11
Dividend Yield
0.59%
Price Target
$40.00
Consensus Rating
Buy

Company Overview

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. The Aerospace segment provides fasteners, collars, blind bolts, rivets, ducting, and connectors for air management systems, and other highly-machined parts and components to original equipment manufacturers, supply chain distributors, and tier one suppliers, as well as maintenance, repair and overhaul (MRO)/aftermarket providers; and military and defense aerospace applications and platforms under the Monogram Aerospace Fasteners, Allfast Fastening Systems, Mac Fasteners, TFI Aerospace, RSA Engineered Products, and Martinic Engineering brands. The Specialty Products segment offers steel cylinders for use in the transportation, storage, and dispensing of compressed gases under the Norris Cylinder brand; natural gas powered wellhead engines, compressors, and replacement parts for oil and natural gas production, and other industrial and commercial markets under the Arrow brand; and spare parts for various industrial engines. It sells its products through a direct sales force, third-party agents, and distributors. TriMas Corporation was incorporated in 1986 and is headquartered in Bloomfield Hills, Michigan.

TriMas Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
94th Percentile Overall Score

TRS MarketRank™: 

TriMas scored higher than 94% of companies evaluated by MarketBeat, and ranked 12th out of 179 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    TriMas has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    TriMas has only been the subject of 1 research reports in the past 90 days.

  • Read more about TriMas' stock forecast and price target.
  • Earnings Growth

    Earnings for TriMas are expected to grow by 18.34% in the coming year, from $1.69 to $2.00 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of TriMas is 42.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.99.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of TriMas is 42.11, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 23.10.

  • Price to Book Value per Share Ratio

    TriMas has a P/B Ratio of 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about TriMas' valuation and earnings.
  • Percentage of Shares Shorted

    6.97% of the float of TriMas has been sold short.
  • Short Interest Ratio / Days to Cover

    TriMas has a short interest ratio ("days to cover") of 6.1.
  • Change versus previous month

    Short interest in TriMas has recently decreased by 3.29%, indicating that investor sentiment is improving.
  • Dividend Yield

    TriMas has a dividend yield of 0.61%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    TriMas does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of TriMas is 25.00%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, TriMas will have a dividend payout ratio of 8.00% next year. This indicates that TriMas will be able to sustain or increase its dividend.

  • Read more about TriMas' dividend.
  • Percentage of Shares Shorted

    6.97% of the float of TriMas has been sold short.
  • Short Interest Ratio / Days to Cover

    TriMas has a short interest ratio ("days to cover") of 6.1.
  • Change versus previous month

    Short interest in TriMas has recently decreased by 3.29%, indicating that investor sentiment is improving.
  • News Sentiment

    TriMas has a news sentiment score of 0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.79 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for TriMas this week, compared to 3 articles on an average week.
  • Search Interest

    Only 1 people have searched for TRS on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.
  • MarketBeat Follows

    2 people have added TriMas to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, TriMas insiders have bought more of their company's stock than they have sold. Specifically, they have bought $2,173.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    Only 1.10% of the stock of TriMas is held by insiders.

  • Percentage Held by Institutions

    99.42% of the stock of TriMas is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about TriMas' insider trading history.
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TRS Stock News Headlines

President of TriMas Picks Up 3.2% More Stock
TriMas Corp (TRS) CFO Scott Mell Sells 2,000 Shares
I hate to say I told you so
Last month, I openly declared that a Trump Presidency was going to kick off Tesla’s New Bullish Cycle Folks who listened and bought in when I said to are currently crushing it. As a matter of fact, all the trades we’ve opened ever since I made that public declaration have ALL been winners. And it’s simply because this Tesla indicator just flipped green on the stock…
KeyBanc Keeps Their Hold Rating on Trimas (TRS)
See More Headlines

TRS Stock Analysis - Frequently Asked Questions

TriMas' stock was trading at $25.33 at the beginning of the year. Since then, TRS shares have increased by 6.4% and is now trading at $26.95.
View the best growth stocks for 2024 here
.

TriMas Co. (NASDAQ:TRS) posted its quarterly earnings data on Monday, November, 4th. The industrial products company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.57 by $0.14. The business's revenue was down 2.5% on a year-over-year basis.

TriMas' top institutional investors include Allspring Global Investments Holdings LLC (7.74%), Wellington Management Group LLP (6.46%), Pzena Investment Management LLC (5.28%) and River Road Asset Management LLC (3.57%). Insiders that own company stock include Thomas A Amato, Daniel P Tredwell, Scott A Mell, Paul Swart, Fabio Leandro Matheus Salik, John Philip Schaefer, Samuel Valenti III and Jeffrey A Fielkow.
View institutional ownership trends
.

Shares of TRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that TriMas investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Bank of America (BAC), Builders FirstSource (BLDR), Intelsat (I) and Abercrombie & Fitch (ANF).

Company Calendar

Last Earnings
11/04/2024
Ex-Dividend for 11/12 Dividend
11/05/2024
Dividend Payable
11/12/2024
Today
11/23/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
3/06/2025

Industry, Sector and Symbol

Industry
Metal forgings & stampings
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:TRS
CUSIP
89621520
Employees
3,400
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$40.00
High Stock Price Target
$40.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+48.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$40.36 million
Pretax Margin
3.49%

Debt

Sales & Book Value

Annual Sales
$906.52 million
Cash Flow
$2.95 per share
Book Value
$16.83 per share

Miscellaneous

Free Float
40,126,000
Market Cap
$1.09 billion
Optionable
Optionable
Beta
0.66

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This page (NASDAQ:TRS) was last updated on 11/23/2024 by MarketBeat.com Staff
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