Zacks Research Weighs in on TriMas' Q2 Earnings (NASDAQ:TRS)

TriMas Corporation (NASDAQ:TRS - Free Report) - Zacks Research reduced their Q2 2026 earnings estimates for shares of TriMas in a research report issued to clients and investors on Wednesday, June 25th. Zacks Research analyst M. Das now forecasts that the industrial products company will earn $0.51 per share for the quarter, down from their prior estimate of $0.55. The consensus estimate for TriMas' current full-year earnings is $1.69 per share.

Several other equities research analysts have also commented on TRS. Wall Street Zen upgraded TriMas from a "hold" rating to a "buy" rating in a research report on Sunday, June 1st. BWS Financial restated a "buy" rating and set a $40.00 price target on shares of TriMas in a report on Wednesday, April 30th.

TriMas Trading Up 0.7%

TriMas stock traded up $0.21 during trading hours on Monday, reaching $29.97. 142,067 shares of the company's stock were exchanged, compared to its average volume of 411,231. The firm's 50 day simple moving average is $25.87 and its 200 day simple moving average is $24.20. TriMas has a twelve month low of $19.33 and a twelve month high of $30.12. The company has a quick ratio of 1.49, a current ratio of 2.82 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $1.22 billion, a PE ratio of 38.92 and a beta of 0.63.

TriMas (NASDAQ:TRS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. TriMas had a net margin of 3.36% and a return on equity of 10.54%. The company had revenue of $241.67 million for the quarter, compared to analyst estimates of $235.41 million. During the same period in the prior year, the firm posted $0.37 EPS. The company's quarterly revenue was up 6.4% on a year-over-year basis.

TriMas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, May 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.53%. TriMas's dividend payout ratio (DPR) is presently 20.78%.

Insider Activity

In other news, Director Adrianne Shapira bought 4,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were bought at an average cost of $25.82 per share, with a total value of $103,280.00. Following the completion of the transaction, the director directly owned 8,476 shares of the company's stock, valued at $218,850.32. This trade represents a 89.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Shawn Sedaghat bought 72,937 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average price of $26.16 per share, for a total transaction of $1,908,031.92. Following the completion of the acquisition, the director owned 1,883,758 shares in the company, valued at $49,279,109.28. This represents a 4.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 971,649 shares of company stock valued at $24,585,343. 14.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Sterling Capital Management LLC boosted its stake in TriMas by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 1,158 shares during the last quarter. State of Wyoming bought a new position in shares of TriMas in the fourth quarter valued at approximately $50,000. KLP Kapitalforvaltning AS purchased a new position in shares of TriMas during the fourth quarter valued at approximately $202,000. Comerica Bank grew its holdings in TriMas by 214.5% during the first quarter. Comerica Bank now owns 11,119 shares of the industrial products company's stock worth $261,000 after buying an additional 7,584 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in TriMas during the fourth quarter worth $281,000. 99.42% of the stock is owned by institutional investors.

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.