TriMas Corporation to Issue Quarterly Dividend of $0.04 (NASDAQ:TRS)

TriMas Corporation (NASDAQ:TRS) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Thursday, May 7th will be given a dividend of 0.04 per share by the industrial products company on Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, May 7th.

TriMas has a dividend payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect TriMas to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 7.7%.

TriMas Stock Up 0.1%

Shares of TriMas stock opened at $36.20 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.93 and a current ratio of 2.52. TriMas has a 52-week low of $20.58 and a 52-week high of $42.00. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.19 and a beta of 0.61. The company’s 50 day moving average price is $36.83 and its 200-day moving average price is $35.55.

TriMas (NASDAQ:TRS) last issued its earnings results on Thursday, February 26th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). TriMas had a return on equity of 12.04% and a net margin of 11.53%.The firm had revenue of ($139.97) million during the quarter, compared to the consensus estimate of $192.96 million. During the same quarter in the prior year, the business posted $0.43 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities research analysts forecast that TriMas will post 1.59 EPS for the current year.

Wall Street Analyst Weigh In

TRS has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of TriMas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 13th. BWS Financial restated a “buy” rating and issued a $45.00 target price on shares of TriMas in a report on Monday, March 2nd. KeyCorp restated an “overweight” rating and issued a $38.00 target price on shares of TriMas in a report on Thursday, February 26th. Finally, Zacks Research cut shares of TriMas from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, TriMas has a consensus rating of “Moderate Buy” and an average target price of $41.50.

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.