NASDAQ:TRS

TriMas (TRS) Stock Forecast, Price & News

$24.74

-0.02 (-0.08%)

(As of 02:54 PM ET)

Compare

Today's Range: $24.48
▼
$24.84
50-Day Range: $24.15
▼
$28.44
52-Week Range: $21.41
▼
$31.89

Volume: 82,600 shs
Average Volume: 109,224 shs
Market Capitalization: $1.02 billion

P/E Ratio: 21.51
Dividend Yield: 0.65%
Price Target: $40.00

TriMas MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 62.2% Upside
$40.00 Price Target
Short Interest: Healthy
0.86% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -3.02
Upright™ Environmental Score
News Sentiment: 1.87
Based on 2 Articles This Week
Insider Trading: Selling Shares
$181,715 Sold Last Quarter
Proj. Earnings Growth: 18.32%
From $1.91 to $2.26 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.55 out of 5 stars

Industrial Products Sector

51st out of 180 stocks

Metal Forgings & Stampings Industry

3rd out of 4 stocks

3.3

Analyst's Opinion

Consensus Rating
TriMas has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $40.00, TriMas has a forecasted upside of 62.2% from its current price of $24.66.
Amount of Analyst Coverage
TriMas has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.86% of the float of TriMas has been sold short.
Short Interest Ratio / Days to Cover
TriMas has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in TriMas has recently increased by 17.10%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
TriMas has a dividend yield of 0.65%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
TriMas does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of TriMas is 13.91%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, TriMas will have a dividend payout ratio of 7.08% next year. This indicates that TriMas will be able to sustain or increase its dividend.

1.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
TriMas has received a -12.90% net impact score from Upright. The largest negative impact of Trimas in category "GHG emissions" seems to be driven mostly by its "Plastic cosmetics packages", "Plastic food packages", and "Gasoline high-pressure air compressors" products. See details.
Environmental Sustainability
The Environmental Impact score for TriMas is -3.02.

2.7

News and Social Media Coverage

News Sentiment
TriMas has a news sentiment score of 1.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for TriMas this week, compared to 2 articles on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TriMas insiders have sold 24,225.97% more of their company's stock than they have bought. Specifically, they have bought $747.00 in company stock and sold $181,715.00 in company stock.
Percentage Held by Insiders
Only 1.10% of the stock of TriMas is held by insiders.

2.5

Earnings and Valuation

Earnings Growth
Earnings for TriMas are expected to grow by 18.32% in the coming year, from $1.91 to $2.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TriMas is 21.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of TriMas is 21.44, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 15.68.
Price to Book Value per Share Ratio
TriMas has a P/B Ratio of 1.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About TriMas (NASDAQ:TRS) Stock

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. It operates through three segments: Packaging, Aerospace, and Specialty Products. 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. The Aerospace segment provides fasteners, collars, blind bolts, rivets, ducting, and connectors for air management systems, and other highly-machined parts and components to original equipment manufacturers, supply chain distributors, and tier one suppliers, as well as maintenance, repair and overhaul (MRO)/aftermarket providers; and military and defense aerospace applications and platforms under the Monogram Aerospace Fasteners, Allfast Fastening Systems, Mac Fasteners, TFI Aerospace, RSA Engineered Products, and Martinic Engineering brands. The Specialty Products segment offers steel cylinders for use in the transportation, storage, and dispensing of compressed gases under the Norris Cylinder brand; natural gas powered wellhead engines, compressors, and replacement parts for oil and natural gas production, and other industrial and commercial markets under the Arrow brand; and spare parts for various industrial engines. The company sells its products through a direct sales force, third-party agents, and distributors. TriMas Corporation was incorporated in 1986 and is headquartered in Bloomfield Hills, Michigan.

TRS Price History

30 days | 90 days | 365 days | Advanced Chart

TRS Stock News Headlines

September 20, 2023 | finance.yahoo.com

TriMas Packaging to Attend Luxe Pack Monaco 2023 on October 2-4

September 14, 2023 | finance.yahoo.com

TriMas Packaging Streamlines Operations With Successful Production Asset Relocation

October 2, 2023 | Behind the Markets (Ad)

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September 7, 2023 | nasdaq.com

TriMas (TRS) Shares Enter Oversold Territory

August 24, 2023 | finance.yahoo.com

TriMas (TRS) Stock Down 12% in a Year: Is a Revival Likely?

August 1, 2023 | benzinga.com

TriMas Insider Trades Send a Signal

July 29, 2023 | seekingalpha.com

TriMas Corporation 2023 Q2 - Results - Earnings Call Presentation

July 28, 2023 | msn.com

TriMas (TRS) Q2 Earnings Match Estimates, Sales Dip Y/Y

October 2, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

July 27, 2023 | finance.yahoo.com

TriMas Reports Second Quarter 2023 Results

July 27, 2023 | finance.yahoo.com

TriMas (TRS) Matches Q2 Earnings Estimates

July 15, 2023 | finance.yahoo.com

TriMas (NASDAQ:TRS) shareholders have earned a 4.7% CAGR over the last three years

July 10, 2023 | finance.yahoo.com

TriMas (TRS) Optimizes Packaging Group's Production Footprint

July 7, 2023 | finance.yahoo.com

TriMas Streamlines Manufacturing Footprint

June 30, 2023 | finance.yahoo.com

TriMas Announces Second Quarter 2023 Earnings Conference Call Date

June 21, 2023 | finance.yahoo.com

TriMas Releases Third Annual Sustainability Report

June 2, 2023 | businesswire.com

TriMas Announces Upcoming Participation at the William Blair 43 rd Annual Growth Stock Conference

June 2, 2023 | finance.yahoo.com

TriMas Announces Upcoming Participation at the William Blair 43rd Annual Growth Stock Conference

June 1, 2023 | finance.yahoo.com

Returns On Capital At TriMas (NASDAQ:TRS) Paint A Concerning Picture

May 31, 2023 | finance.yahoo.com

TriMas (TRS) Stock Down 8% in a Year: Will it Recover?

May 22, 2023 | msn.com

BWS Financial Initiates Coverage of Trimas (TRS) with Buy Recommendation

May 15, 2023 | finance.yahoo.com

Favourable Signals For TriMas: Numerous Insiders Acquired Stock

May 10, 2023 | finance.yahoo.com

TriMas Packaging Group Introduces Its Singolo™ Line of Fully Recyclable, Single-polymer Dispensing Pumps

April 30, 2023 | seekingalpha.com

TriMas Corporation 2023 Q1 - Results - Earnings Call Presentation

April 30, 2023 | seekingalpha.com

TriMas Corp (TRS) Q1 2023 Earnings Call Transcript

April 28, 2023 | msn.com

5TRS : TriMas: Dividend Insights

April 27, 2023 | finance.yahoo.com

TriMas Reports First Quarter 2023 Results

See More Headlines

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TRS Company Calendar

Last Earnings: 7/27/2023
Ex-Dividend for 8/10 Dividend: 8/02/2023
Dividend Payable: 8/10/2023
Today: 10/02/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Metal forgings & stampings
Sub-Industry: Industrial Machinery
Sector: Industrial Products
Current Symbol: NASDAQ:TRS
CUSIP: 89621520
CIK: 842633
Web: www.trimascorp.com
Phone: (248) 631-5450
Fax: 248-382-1496
Employees: 3,500
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $40.00
High Stock Price Forecast: $40.00
Low Stock Price Forecast: $40.00
Forecasted Upside/Downside: +61.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.15
Trailing P/E Ratio: 21.53
Forward P/E Ratio: 12.96
P/E Growth: N/A
Net Income: $66.17 million
Net Margins: 5.52%
Pretax Margin: 7.50%
Return on Equity: 9.71%
Return on Assets: 4.77%

Debt

Debt-to-Equity Ratio: 0.63
Current Ratio: 2.70
Quick Ratio: 1.50

Sales & Book Value

Annual Sales: $883.83 million
Price / Sales: 1.16
Cash Flow: $3.10 per share
Price / Cash Flow: 7.99
Book Value: $15.53 per share
Price / Book: 1.59

Miscellaneous

Outstanding Shares: 41,430,000
Free Float: 40,970,000
Market Cap: $1.03 billion
Optionable: Optionable
Beta: 0.71

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Key Executives

Mr. Thomas A. Amato (Age 60)
Pres, CEO & Director
Comp: $1.39M

Mr. Scott A. Mell (Age 51)
CFO & Principal Accounting Officer
Comp: $714.19k

Mr. Fabio L. Matheus Salik (Age 54)
Pres of Packaging
Comp: $483.96k

Mr. Al Malizia
VP of Operations

Ms. Sherry Lauderback
VP of Investor Relations & Communications

Ms. Jodi F. Robin
Gen. Counsel & Sec.

Mr. Jan Cornelis van Dijk
VP of Corp. Devel. & Treasurer

Ms. Jill S. Stress
Chief Human Resource Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TRS Stock - Frequently Asked Questions

Should I buy or sell TriMas stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TriMas in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TRS shares.
View TRS analyst ratings or view top-rated stocks.
What is TriMas' stock price forecast for 2023?: 2 brokers have issued twelve-month price objectives for TriMas' shares. Their TRS share price forecasts range from $40.00 to $40.00. On average, they predict the company's stock price to reach $40.00 in the next twelve months. This suggests a possible upside of 61.6% from the stock's current price.
View analysts price targets for TRS or view top-rated stocks among Wall Street analysts.
How have TRS shares performed in 2023?: TriMas' stock was trading at $27.74 at the beginning of 2023. Since then, TRS shares have decreased by 10.7% and is now trading at $24.76.
View the best growth stocks for 2023 here.
When is TriMas' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our TRS earnings forecast.
How were TriMas' earnings last quarter?: TriMas Co. (NASDAQ:TRS) announced its quarterly earnings results on Thursday, July, 27th. The industrial products company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The industrial products company earned $233.19 million during the quarter, compared to the consensus estimate of $255.81 million. TriMas had a net margin of 5.52% and a trailing twelve-month return on equity of 9.71%. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS.
How often does TriMas pay dividends? What is the dividend yield for TriMas?: TriMas declared a quarterly dividend on Thursday, July 20th. Shareholders of record on Thursday, August 3rd will be given a dividend of $0.04 per share on Thursday, August 10th. This represents a $0.16 annualized dividend and a yield of 0.65%. The ex-dividend date is Wednesday, August 2nd.
Read our dividend analysis for TRS.
Is TriMas a good dividend stock?: TriMas (NASDAQ:TRS) pays an annual dividend of $0.16 per share and currently has a dividend yield of 0.65%. The dividend payout ratio is 13.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRS will have a dividend payout ratio of 7.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRS.
What guidance has TriMas issued on next quarter's earnings?: TriMas issued an update on its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $1.80-$1.95 for the period, compared to the consensus estimate of $1.30. The company issued revenue guidance of $928.02 million-$972.21 million, compared to the consensus revenue estimate of $1.10 billion.

What is Thomas Amato's approval rating as TriMas' CEO?: 6 employees have rated TriMas Chief Executive Officer Thomas Amato on Glassdoor.com. Thomas Amato has an approval rating of 62% among the company's employees. This puts Thomas Amato in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of TriMas own?: Based on aggregate information from My MarketBeat watchlists, some companies that other TriMas investors own include Intelsat (I), Fossil Group (FOSL), Associated British Foods (ABF), Chaarat Gold (CGH), AMC Entertainment (AMC), Bank of America (BAC), First Data (FDC), Ciena (CIEN), Apollo Global Management (APO) and China Unicom (Hong Kong) (CHU).
What is TriMas' stock symbol?: TriMas trades on the NASDAQ under the ticker symbol "TRS."
How do I buy shares of TriMas?: Shares of TRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is TriMas' stock price today?: One share of TRS stock can currently be purchased for approximately $24.76.
How much money does TriMas make?: TriMas (NASDAQ:TRS) has a market capitalization of $1.03 billion and generates $883.83 million in revenue each year. The industrial products company earns $66.17 million in net income (profit) each year or $1.15 on an earnings per share basis.
How many employees does TriMas have?: The company employs 3,500 workers across the globe.
How can I contact TriMas?: TriMas' mailing address is 38505 WOODWARD AVENUE SUITE 200, BLOOMFIELD HILLS MI, 48304. The official website for the company is www.trimascorp.com. The industrial products company can be reached via phone at (248) 631-5450, via email at sherrylauderback@trimascorp.com, or via fax at 248-382-1496.

This page (NASDAQ:TRS) was last updated on 10/2/2023 by MarketBeat.com Staff

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