TriMas (TRS) Stock Forecast, Price & News

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.

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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our TRS earnings forecast.

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.

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.

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.

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.

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.

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).

TriMas trades on the NASDAQ under the ticker symbol "TRS."

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.
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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.
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One share of TRS stock can currently be purchased for approximately $24.28.

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.

The company employs 3,500 workers across the globe.

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.