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TriMas (TRS) Stock Forecast, Price & News

$24.20
-0.32 (-1.31%)
(As of 09/26/2023 ET)
Compare
Today's Range
$24.12
$24.48
50-Day Range
$24.15
$28.44
52-Week Range
$21.41
$31.89
Volume
63,546 shs
Average Volume
109,672 shs
Market Capitalization
$1.00 billion
P/E Ratio
21.04
Dividend Yield
0.66%
Price Target
$40.00

TriMas MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
65.3% Upside
$40.00 Price Target
Short Interest
Healthy
0.73% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.02
Upright™ Environmental Score
News Sentiment
1.79mentions of TriMas in the last 14 days
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.

2.67 out of 5 stars

Consumer Cyclical Sector

3rd out of 8 stocks

Packaging & Containers Industry

1st out of 1 stocks


TRS stock logo

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

TRS Stock News Headlines

Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
TriMas (TRS) Shares Enter Oversold Territory
TriMas Insider Trades Send a Signal
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
TriMas Reports Second Quarter 2023 Results
TriMas (TRS) Matches Q2 Earnings Estimates
TriMas Streamlines Manufacturing Footprint
TriMas Releases Third Annual Sustainability Report
TriMas Corp (TRS) Q1 2023 Earnings Call Transcript
5TRS : TriMas: Dividend Insights
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
9/26/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Metal forgings & stampings
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:TRS
CUSIP
89621520
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
+64.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$66.17 million
Pretax Margin
7.50%

Debt

Sales & Book Value

Annual Sales
$883.83 million
Cash Flow
$3.11 per share
Book Value
$15.53 per share

Miscellaneous

Free Float
40,970,000
Market Cap
$1.01 billion
Optionable
Optionable
Beta
0.71
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Key Executives

  • Mr. Thomas A. AmatoMr. 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













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 year. 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 1-year target prices for TriMas' stock. 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 64.7% 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 on January 1st, 2023. Since then, TRS shares have decreased by 12.5% and is now trading at $24.28.
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) issued its quarterly earnings results on Thursday, July, 27th. The industrial products company reported $0.50 earnings per share for the quarter, meeting analysts' consensus estimates of $0.50. The industrial products company had revenue of $233.19 million for the quarter, compared to analysts' expectations of $255.81 million. TriMas had a net margin of 5.52% and a trailing twelve-month return on equity of 9.71%. The firm's revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Investors of record on Thursday, August 3rd will be paid a dividend of $0.04 per share on Thursday, August 10th. This represents a $0.16 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend 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 0.66%. 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 updated its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $1.80-$1.95 for the period, compared to the consensus earnings per share 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."

Who are TriMas' major shareholders?

TriMas' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (7.61%), Wasatch Advisors LP (7.58%), BlackRock Inc. (7.02%), Allspring Global Investments Holdings LLC (6.36%), Dimensional Fund Advisors LP (5.85%) and Pzena Investment Management LLC (5.80%). Insiders that own company stock include Daniel P Tredwell, Fabio Leandro Matheus Salik, Herbert K Parker, Jeffrey A Fielkow, Jeffrey M Greene, John Philip Schaefer, Joshua A Sherbin, Paul Swart, Robert J Zalupski, Samuel Valenti III, Scott A Mell, Teresa Finley and Thomas A Amato.
View institutional ownership trends
.

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 $24.28.

How much money does TriMas make?

TriMas (NASDAQ:TRS) has a market capitalization of $1.01 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 9/26/2023 by MarketBeat.com Staff

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