TriMas (NASDAQ:TRS) Sees Strong Trading Volume – Still a Buy?

Shares of TriMas Corporation (NASDAQ:TRS) saw an uptick in trading volume on Tuesday . 1,868,865 shares changed hands during trading, an increase of 308% from the previous session’s volume of 458,417 shares.The stock last traded at $31.8160 and had previously closed at $31.44.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TRS shares. Weiss Ratings restated a “hold (c+)” rating on shares of TriMas in a research report on Monday. BWS Financial reissued a “buy” rating and issued a $45.00 price objective on shares of TriMas in a research note on Friday, October 31st. Zacks Research raised TriMas from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 29th. Finally, KeyCorp reduced their price target on TriMas from $45.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $41.50.

TriMas Price Performance

The firm has a market cap of $1.29 billion, a P/E ratio of 29.45 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 business’s 50 day moving average is $36.75 and its two-hundred day moving average is $32.78.

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

TriMas Announces Dividend

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

Insider Transactions at TriMas

In other news, Director Jeffrey A. Fielkow acquired 2,000 shares of TriMas stock in a transaction on Tuesday, November 11th. The stock was purchased at an average price of $31.46 per share, with a total value of $62,920.00. Following the completion of the purchase, the director owned 17,653 shares of the company’s stock, valued at approximately $555,363.38. The trade was a 12.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 14.20% of the company’s stock.

Hedge Funds Weigh In On TriMas

A number of large investors have recently modified their holdings of the company. Capital International Investors bought a new stake in TriMas during the 3rd quarter valued at $111,673,000. Irenic Capital Management LP acquired a new position in shares of TriMas during the first quarter valued at about $19,997,000. Alta Fox Capital Management LLC bought a new stake in shares of TriMas during the first quarter worth about $17,385,000. Blue Grotto Capital LLC acquired a new stake in shares of TriMas in the 3rd quarter worth about $11,925,000. Finally, Simcoe Capital Management LLC acquired a new stake in shares of TriMas in the 1st quarter worth about $6,451,000. 99.42% of the stock is currently owned by institutional investors.

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.