TriMas (NASDAQ:TRS) Sets New 1-Year High – What’s Next?

TriMas Co. (NASDAQ:TRS) reached a new 52-week high during trading on Tuesday . The company traded as high as $28.11 and last traded at $28.00, with a volume of 1578394 shares. The stock had previously closed at $26.57.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reiterated a “buy” rating and issued a $40.00 price target on shares of TriMas in a research report on Wednesday, October 9th.

TriMas Price Performance

The company has a current ratio of 2.82, a quick ratio of 1.48 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $24.80 and a 200-day simple moving average of $25.67. The firm has a market cap of $1.14 billion, a PE ratio of 27.11 and a beta of 0.67.

TriMas (NASDAQ:TRS) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.10). TriMas had a net margin of 4.44% and a return on equity of 9.61%. The business had revenue of $240.50 million for the quarter, compared to the consensus estimate of $238.63 million. During the same period last year, the business posted $0.50 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts anticipate that TriMas Co. will post 1.75 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.57%. TriMas’s dividend payout ratio is 16.33%.

Institutional Investors Weigh In On TriMas

Large investors have recently made changes to their positions in the company. Kennedy Capital Management LLC increased its position in TriMas by 197.8% in the first quarter. Kennedy Capital Management LLC now owns 273,200 shares of the industrial products company’s stock worth $7,303,000 after purchasing an additional 181,447 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of TriMas by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,358,524 shares of the industrial products company’s stock worth $116,503,000 after buying an additional 100,068 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of TriMas by 109.2% during the 1st quarter. First Eagle Investment Management LLC now owns 190,206 shares of the industrial products company’s stock valued at $5,084,000 after buying an additional 99,300 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of TriMas in the 4th quarter valued at about $1,102,000. Finally, Wellington Management Group LLP grew its position in TriMas by 1.5% in the fourth quarter. Wellington Management Group LLP now owns 2,393,786 shares of the industrial products company’s stock worth $60,635,000 after acquiring an additional 34,596 shares in the last quarter. 99.42% of the stock is 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.