TriMas (NASDAQ:TRS) Reaches New 1-Year High – Time to Buy?

TriMas Corporation (NASDAQ:TRS)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $45.17 and last traded at $45.03, with a volume of 337659 shares changing hands. The stock had previously closed at $44.52.

Wall Street Analysts Forecast Growth

TRS has been the subject of several analyst reports. Zacks Research raised TriMas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded TriMas from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.50.

TriMas Stock Up 1.1%

The firm’s 50 day moving average price is $40.47 and its two-hundred day moving average price is $37.54. The firm has a market capitalization of $1.61 billion, a PE ratio of 1.87 and a beta of 0.60. The company has a quick ratio of 4.50, a current ratio of 4.85 and a debt-to-equity ratio of 0.27.

TriMas (NASDAQ:TRS) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.24). TriMas had a return on equity of 8.38% and a net margin of 93.79%.The firm had revenue of $168.28 million for the quarter, compared to analysts’ expectations of $158.24 million. During the same period last year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. As a group, research analysts forecast that TriMas Corporation will post 1.67 EPS for the current fiscal year.

TriMas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, May 7th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. TriMas’s dividend payout ratio (DPR) is currently 0.66%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. AdvisorNet Financial Inc purchased a new position in TriMas in the first quarter valued at about $28,000. Covestor Ltd grew its stake in TriMas by 20,525.0% during the 4th quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 821 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in TriMas during the 4th quarter worth approximately $29,000. Ball & Co Wealth Management Inc. purchased a new stake in TriMas during the 4th quarter worth approximately $35,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of TriMas by 1,958.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,029 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 979 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Company Profile

TriMas Corporation is a diversified industrial company headquartered in Bloomfield Hills, Michigan. Established in 1980, TriMas has built a global reputation for designing and manufacturing specialized products that serve a wide array of end markets. The company operates through multiple segments, each focused on high-demand niches where engineered solutions and rigorous quality standards are essential.

The Packaging segment supplies closures, dispensing systems and related components for the personal care, household chemicals, food and beverage, and pharmaceutical markets.