TriMas (NASDAQ:TRS) Announces Earnings Results, Beats Expectations 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) issued its earnings results on Tuesday. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, topping 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 company had revenue of $274.76 million for the quarter, compared to analysts' expectations of $251.18 million. During the same period last year, the business earned $0.43 EPS. TriMas's quarterly 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 Stock Performance

Shares of TriMas stock traded down $0.81 during trading hours on Friday, hitting $34.92. 510,743 shares of the company's stock traded hands, compared to its average volume of 414,015. TriMas has a 12-month low of $19.33 and a 12-month high of $36.77. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 38.37 and a beta of 0.63. The company has a fifty day simple moving average of $28.75 and a 200-day simple moving average of $25.19. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.49.

TriMas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. TriMas's dividend payout ratio (DPR) is currently 17.58%.

Insider Buying and Selling at TriMas

In other news, Director Shawn Sedaghat acquired 72,937 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was bought at an average price of $26.16 per share, with a total value of $1,908,031.92. Following the acquisition, the director owned 1,883,758 shares in the company, valued at $49,279,109.28. The trade was a 4.03% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Adrianne Shapira acquired 4,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average cost of $25.82 per share, with a total value of $103,280.00. Following the acquisition, the director owned 8,476 shares in the company, valued at $218,850.32. The trade was a 89.37% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 848,261 shares of company stock valued at $21,645,007. Insiders own 14.20% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TriMas stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in TriMas Corporation (NASDAQ:TRS - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,120 shares of the industrial products company's stock after purchasing an additional 1,014 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of TriMas worth $565,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 99.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. BWS Financial reissued a "buy" rating and issued a $45.00 price target (up from $40.00) on shares of TriMas in a research report on Wednesday. Wall Street Zen raised TriMas from a "hold" rating to a "buy" rating in a research report on Sunday, June 1st.

TriMas Company Profile

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.