TriMas (NASDAQ:TRS) Reaches New 12-Month High - Time to Buy?

Key Points

• TriMas Corporation's stock reached a new 52-week high of $40.34, closing at $39.42 with a trading volume of 8,565 shares.
• Analysts have shown strong support for TriMas, with several upgrades resulting in a consensus "Buy" rating and an average price target of $45.00.
• The company reported a 14.2% year-over-year revenue increase to $274.76 million in its latest quarterly earnings, surpassing analysts' expectations.

TriMas Corporation (NASDAQ:TRS - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as $40.34 and last traded at $39.42, with a volume of 8565 shares trading hands. The stock had previously closed at $39.58.

Analyst Upgrades and Downgrades

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

TriMas Stock Performance

The company has a quick ratio of 1.44, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $1.60 billion, a P/E ratio of 43.32 and a beta of 0.65. The stock has a fifty day moving average of $36.43 and a 200-day moving average of $28.97.

TriMas (NASDAQ:TRS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.11. TriMas had a return on equity of 11.49% and a net margin of 3.83%.The business had revenue of $274.76 million during the quarter, compared to the consensus estimate of $251.18 million. During the same period last year, the company earned $0.43 earnings per share. TriMas's quarterly revenue was up 14.2% on a year-over-year basis. TriMas has set its FY 2025 guidance at 1.950-2.100 EPS. On average, 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. Stockholders of record on Tuesday, August 5th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, August 5th. TriMas's dividend payout ratio (DPR) is presently 17.58%.

Institutional Trading of TriMas

Hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its holdings in TriMas by 45.6% during the 4th quarter. Deutsche Bank AG now owns 36,305 shares of the industrial products company's stock worth $893,000 after purchasing an additional 11,363 shares during the last quarter. GAMMA Investing LLC lifted its holdings in TriMas by 3,802.9% during the 1st quarter. GAMMA Investing LLC now owns 14,948 shares of the industrial products company's stock worth $350,000 after purchasing an additional 14,565 shares during the last quarter. Comerica Bank increased its stake in TriMas by 214.5% during the 1st quarter. Comerica Bank now owns 11,119 shares of the industrial products company's stock worth $261,000 after acquiring an additional 7,584 shares during the period. Ancora Advisors LLC bought a new position in TriMas during the 1st quarter worth $351,000. Finally, Alta Fox Capital Management LLC bought a new position in TriMas during the 1st quarter worth $17,385,000. 99.42% of the stock is owned by institutional investors and hedge funds.

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.

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