TriMas (NASDAQ:TRS) Sets New 12-Month High - What's Next?

Key Points

• TriMas Corporation (NASDAQ:TRS) has reached a new 12-month high share price of $39.89, with a trading volume of 78,037 shares.
• Several analysts have upgraded TriMas's stock rating, with a consensus target price of $45.00 and recommendations ranging from "buy" to "strong-buy."
• TriMas reported a 14.2% revenue increase year-over-year, achieving $274.76 million, and a quarterly EPS of $0.61, exceeding analysts’ expectations.

TriMas Corporation (NASDAQ:TRS - Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as $39.80 and last traded at $39.89, with a volume of 78037 shares traded. The stock had previously closed at $39.12.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. KeyCorp set a $45.00 price objective on shares of TriMas and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Zacks Research raised TriMas from a "hold" rating to a "strong-buy" rating in a report on Friday, August 29th. BWS Financial reissued a "buy" rating and issued a $45.00 price objective (up previously from $40.00) on shares of TriMas in a research report on Wednesday, July 30th. Finally, Wall Street Zen raised TriMas from a "hold" rating to a "buy" rating in a research note on Sunday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $45.00.

TriMas Stock Down 0.2%

The company has a current ratio of 2.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. The firm has a market cap of $1.62 billion, a P/E ratio of 43.87 and a beta of 0.65. The business's fifty day moving average price is $36.04 and its two-hundred day moving average price is $28.75.

TriMas (NASDAQ:TRS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.11. TriMas had a return on equity of 11.49% and a net margin of 3.83%.The firm had revenue of $274.76 million for the quarter, compared to analyst estimates of $251.18 million. During the same period in the previous year, the company posted $0.43 earnings per share. The company's revenue for the quarter was up 14.2% on a year-over-year basis. TriMas has set its FY 2025 guidance at 1.950-2.100 EPS. As a group, equities research analysts anticipate that TriMas Corporation will post 1.69 EPS for the current year.

TriMas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. TriMas's dividend payout ratio (DPR) is 17.58%.

Institutional Investors Weigh In On TriMas

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State of Wyoming acquired a new stake in TriMas in the 4th quarter valued at approximately $50,000. BNP Paribas Financial Markets boosted its stake in TriMas by 35.4% in the second quarter. BNP Paribas Financial Markets now owns 3,319 shares of the industrial products company's stock valued at $95,000 after acquiring an additional 868 shares during the period. Tower Research Capital LLC TRC lifted its stake in TriMas by 280.5% during the second quarter. Tower Research Capital LLC TRC now owns 4,193 shares of the industrial products company's stock valued at $120,000 after purchasing an additional 3,091 shares during the last quarter. AE Wealth Management LLC purchased a new stake in TriMas in the 2nd quarter worth approximately $212,000. Finally, Tidal Investments LLC acquired a new position in shares of TriMas during the 2nd quarter worth about $220,000. 99.42% of the stock is currently owned by institutional investors and hedge funds.

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.