TriMas (NASDAQ:TRS) Shares Gap Up – What’s Next?

TriMas Corporation (NASDAQ:TRS)’s share price gapped up prior to trading on Friday . The stock had previously closed at $31.08, but opened at $32.24. TriMas shares last traded at $31.16, with a volume of 100,301 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TRS shares. Zacks Research upgraded TriMas from a “hold” rating to a “strong-buy” rating in a report on Friday, August 29th. BWS Financial reaffirmed a “buy” rating and issued a $45.00 target price on shares of TriMas in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TriMas in a research note on Tuesday. Finally, KeyCorp reduced their price objective on shares of TriMas from $45.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TriMas has a consensus rating of “Buy” and an average target price of $41.50.

TriMas Stock Performance

The company has a market cap of $1.27 billion, a PE ratio of 29.05 and a beta of 0.64. The company has a quick ratio of 1.44, a current ratio of 2.68 and a debt-to-equity ratio of 0.56. The stock’s 50 day simple moving average is $37.05 and its two-hundred day simple moving average is $32.53.

TriMas (NASDAQ:TRS) last issued its earnings results on Tuesday, October 28th. The industrial products company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $269.26 million for the quarter, compared to analysts’ expectations of $262.05 million. TriMas had a return on equity of 12.39% and a net margin of 4.35%.The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. TriMas has set its FY 2025 guidance at 2.020-2.120 EPS. As a group, research analysts anticipate that TriMas Corporation will post 1.69 earnings per share for the current year.

TriMas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Thursday, November 6th were given a $0.04 dividend. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. TriMas’s dividend payout ratio is presently 14.81%.

Insider Activity at TriMas

In other TriMas news, Director Jeffrey A. Fielkow bought 2,000 shares of TriMas stock in a transaction that occurred on Tuesday, November 11th. The shares were acquired at an average price of $31.46 per share, for a total transaction of $62,920.00. Following the acquisition, the director owned 17,653 shares of the company’s stock, valued at $555,363.38. The trade was a 12.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 14.20% of the company’s stock.

Institutional Investors Weigh In On TriMas

Institutional investors and hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new position in TriMas during the 3rd quarter worth $48,000. State of Alaska Department of Revenue bought a new stake in shares of TriMas in the 3rd quarter valued at approximately $65,000. State of Wyoming acquired a new position in shares of TriMas during the 2nd quarter valued at about $65,000. USA Financial Formulas bought a new stake in TriMas during the third quarter valued at about $111,000. Finally, BNP Paribas Financial Markets boosted its holdings in TriMas by 35.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,319 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 868 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

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.