Q3 2024 EPS Estimates for TriMas Co. (NASDAQ:TRS) Increased by Analyst

TriMas Co. (NASDAQ:TRS) – Equities research analysts at Zacks Research lifted their Q3 2024 earnings per share (EPS) estimates for shares of TriMas in a research report issued on Tuesday, April 23rd. Zacks Research analyst M. Das now expects that the industrial products company will earn $0.59 per share for the quarter, up from their prior estimate of $0.58. The consensus estimate for TriMas’ current full-year earnings is $1.91 per share.

TriMas (NASDAQ:TRS) last issued its quarterly earnings data on Thursday, February 29th. The industrial products company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). The company had revenue of $209.60 million for the quarter, compared to analysts’ expectations of $246.44 million. TriMas had a return on equity of 8.85% and a net margin of 4.52%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 earnings per share.

TriMas Trading Up 0.1 %

Shares of NASDAQ TRS opened at $26.28 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.49 and a quick ratio of 1.29. The stock has a market capitalization of $1.07 billion, a P/E ratio of 27.09 and a beta of 0.71. TriMas has a 1-year low of $22.59 and a 1-year high of $29.07. The business has a fifty day moving average price of $25.49 and a 200 day moving average price of $25.02.

Institutional Investors Weigh In On TriMas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. raised its stake in shares of TriMas by 30.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 43,581 shares of the industrial products company’s stock worth $1,079,000 after purchasing an additional 10,098 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of TriMas by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 517,025 shares of the industrial products company’s stock worth $12,802,000 after purchasing an additional 21,767 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of TriMas by 0.8% in the third quarter. Vanguard Group Inc. now owns 4,215,033 shares of the industrial products company’s stock worth $104,364,000 after purchasing an additional 34,517 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of TriMas by 16.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,069,777 shares of the industrial products company’s stock worth $77,757,000 after purchasing an additional 422,717 shares during the last quarter. Finally, Redmond Asset Management LLC raised its stake in shares of TriMas by 157.8% in the third quarter. Redmond Asset Management LLC now owns 67,042 shares of the industrial products company’s stock worth $1,660,000 after purchasing an additional 41,036 shares during the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TriMas

In other TriMas news, CEO Thomas A. Amato purchased 10,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was bought at an average cost of $23.62 per share, for a total transaction of $236,200.00. Following the completion of the purchase, the chief executive officer now owns 286,168 shares in the company, valued at approximately $6,759,288.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

TriMas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Monday, May 6th. TriMas’s dividend payout ratio (DPR) is presently 16.49%.

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.