TriMas (NASDAQ:TRS) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Key Points

• TriMas reported a quarterly earnings per share (EPS) of $0.61, which exceeds analysts' expectations of $0.50 by $0.11, indicating strong performance compared to the previous year when they earned $0.43 EPS.
• The company announced a quarterly dividend of $0.04 per share, representing an annualized yield of 0.51% and a dividend payout ratio of 20.78%.
• In recent transactions, director Adrianne Shapira increased their position by 89.37% purchasing shares at an average price of $25.82, signaling insider confidence in the company's future.

TriMas (NASDAQ:TRS - Get Free Report) announced its quarterly earnings results on Tuesday. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.11, Briefing.com reports. TriMas had a return on equity of 11.49% and a net margin of 3.83%. The business had revenue of $274.76 million for the quarter, compared to the consensus estimate of $251.18 million. During the same period last year, the business posted $0.43 EPS. The business's revenue was up 14.2% compared to the same quarter last year. TriMas updated its FY 2025 guidance to 1.950-2.100 EPS.

TriMas Trading Down 2.3%

Shares of TRS traded down $0.81 during mid-day trading on Friday, reaching $34.92. The company had a trading volume of 510,743 shares, compared to its average volume of 405,933. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 38.37 and a beta of 0.66. The firm has a fifty day simple moving average of $28.94 and a 200-day simple moving average of $25.27. TriMas has a fifty-two week low of $19.33 and a fifty-two week high of $36.77. The company has a current ratio of 2.59, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59.

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, August 5th. TriMas's payout ratio is presently 17.58%.

Insider Buying and Selling at TriMas

In other news, Director Adrianne Shapira purchased 4,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average price of $25.82 per share, with a total value of $103,280.00. Following the purchase, the director directly owned 8,476 shares of the company's stock, valued at approximately $218,850.32. This represents a 89.37% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Shawn Sedaghat bought 410,172 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was bought at an average price of $25.43 per share, for a total transaction of $10,430,673.96. Following the purchase, the director owned 1,810,821 shares in the company, valued at approximately $46,049,178.03. This represents a 29.28% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 848,261 shares of company stock worth $21,645,007 in the last 90 days. Company insiders own 14.20% of the company's stock.

Institutional Trading of TriMas

An institutional investor recently raised its position in TriMas stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TriMas Corporation (NASDAQ:TRS - Free Report) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,120 shares of the industrial products company's stock after buying an additional 1,014 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of TriMas worth $565,000 at the end of the most recent reporting period. 99.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TRS has been the subject of several research reports. Wall Street Zen upgraded TriMas from a "hold" rating to a "buy" rating in a research note on Sunday, June 1st. BWS Financial reiterated a "buy" rating and issued a $45.00 price objective (up from $40.00) on shares of TriMas in a report on Wednesday.

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.