TriMas - TRS Stock Forecast, Price & News

TriMas Corporation designs, develops, manufactures, and sells 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, flexible spouts, and agricultural closures; polymeric jar products; integrated dispensers; bag-in-box products; aseptic closures; industrial closures and flex spouts; custom injection molded components and devices; various injection molded products; and single-bodied and assembled caps and closures under the Rieke, Taplast, Affaba & Ferrari, Stolz, Omega, and Rapak brands. The Aerospace segment provides fasteners, collars, blind bolts, rivets, ducting, and connectors for air management systems, and machined parts and components to original equipment manufacturers, supply chain distributors, MRO/aftermarket providers, and tier one suppliers; 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of TriMas from a "hold" rating to a "buy" rating in a research note on Tuesday.

TriMas Price Performance

NASDAQ:TRS traded up $0.31 during trading hours on Tuesday, hitting $30.06. 95,674 shares of the company's stock traded hands, compared to its average volume of 110,963. TriMas has a 52-week low of $23.85 and a 52-week high of $38.72. The company has a market capitalization of $1.26 billion, a PE ratio of 19.38 and a beta of 0.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.48 and a quick ratio of 1.42. The firm's 50-day moving average is $27.60 and its 200-day moving average is $29.81.

TriMas (NASDAQ:TRS - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. TriMas had a net margin of 7.44% and a return on equity of 12.74%. The company had revenue of $237.70 million during the quarter, compared to analysts' expectations of $238.92 million. During the same quarter in the prior year, the company earned $0.62 EPS. TriMas's revenue was up 8.5% compared to the same quarter last year. Equities analysts forecast that TriMas will post 2.27 EPS for the current fiscal year.

TriMas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Thursday, August 4th were issued a $0.04 dividend. The ex-dividend date was Wednesday, August 3rd. This represents a $0.16 annualized dividend and a yield of 0.53%. TriMas's payout ratio is 10.32%.

Insider Buying and Selling at TriMas

In other TriMas news, insider John Philip Schaefer sold 6,800 shares of the business's stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $29.91, for a total value of $203,388.00. Following the transaction, the insider now directly owns 11,087 shares in the company, valued at approximately $331,612.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.