TriMas (NASDAQ:TRS) Earns “Buy” Rating from BWS Financial

BWS Financial restated their buy rating on shares of TriMas (NASDAQ:TRS) in a report issued on Tuesday morning,Benzinga reports. BWS Financial currently has a $40.00 target price on the industrial products company’s stock. BWS Financial also issued estimates for TriMas’ FY2024 earnings at $1.67 EPS, Q1 2025 earnings at $0.43 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.59 EPS, Q4 2025 earnings at $0.44 EPS and FY2025 earnings at $1.97 EPS.

TriMas Trading Down 0.3 %

TRS stock opened at $27.32 on Tuesday. The company has a market capitalization of $1.11 billion, a PE ratio of 42.69 and a beta of 0.66. TriMas has a one year low of $22.45 and a one year high of $28.51. The company’s 50 day moving average price is $25.99 and its two-hundred day moving average price is $25.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.48 and a current ratio of 2.83.

TriMas (NASDAQ:TRS) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.14). TriMas had a return on equity of 9.21% and a net margin of 2.93%. The firm had revenue of $229.36 million during the quarter, compared to the consensus estimate of $239.33 million. During the same quarter in the prior year, the business posted $0.57 EPS. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, analysts predict that TriMas will post 1.75 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.59%. The ex-dividend date is Tuesday, November 5th. TriMas’s dividend payout ratio (DPR) is currently 25.00%.

Institutional Trading of TriMas

Large investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new stake in shares of TriMas during the 2nd quarter valued at $26,000. Quantbot Technologies LP raised its position in TriMas by 5.7% in the 1st quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock worth $239,000 after buying an additional 478 shares during the last quarter. Aristides Capital LLC purchased a new position in TriMas in the 2nd quarter worth about $245,000. Intech Investment Management LLC purchased a new stake in shares of TriMas during the 3rd quarter valued at about $269,000. Finally, Algert Global LLC increased its position in shares of TriMas by 4.2% during the 2nd quarter. Algert Global LLC now owns 15,779 shares of the industrial products company’s stock valued at $403,000 after purchasing an additional 639 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

About TriMas

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.