TriMas (NASDAQ:TRS) Hits New 12-Month High – Should You Buy?

TriMas Corporation (NASDAQ:TRS)’s share price reached a new 52-week high on Thursday . The stock traded as high as $44.89 and last traded at $44.6130, with a volume of 19034 shares changing hands. The stock had previously closed at $43.60.

Analyst Ratings Changes

TRS has been the subject of several research reports. BWS Financial reaffirmed a “buy” rating and set a $45.00 price target on shares of TriMas in a research note on Monday, March 2nd. Zacks Research upgraded shares of TriMas from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. KeyCorp restated an “overweight” rating and set a $38.00 target price on shares of TriMas in a research report on Thursday, February 26th. Finally, Weiss Ratings raised shares of TriMas from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.

TriMas Stock Up 1.6%

The company has a quick ratio of 4.50, a current ratio of 4.85 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.59 billion, a PE ratio of 1.84 and a beta of 0.60. The firm’s 50 day moving average is $39.95 and its 200-day moving average is $37.23.

TriMas (NASDAQ:TRS) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.24). TriMas had a net margin of 93.79% and a return on equity of 8.38%. The business had revenue of $168.28 million during the quarter, compared to analyst estimates of $158.24 million. During the same quarter last year, the firm posted $0.46 earnings per share. The company’s 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, equities research analysts expect that TriMas Corporation will post 1.67 earnings per share for the current fiscal year.

TriMas Dividend Announcement

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

Institutional Trading of TriMas

A number of hedge funds have recently added to or reduced their stakes in TRS. AdvisorNet Financial Inc purchased a new stake in TriMas in the 1st quarter valued at about $28,000. Covestor Ltd lifted its holdings in shares of TriMas by 20,525.0% during the 4th quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 821 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of TriMas in the fourth quarter worth approximately $29,000. Ball & Co Wealth Management Inc. acquired a new stake in shares of TriMas in the fourth quarter worth approximately $35,000. Finally, Rockefeller Capital Management L.P. grew its holdings in TriMas by 1,958.0% in the fourth 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 during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

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.