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

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.

Wall Street Analysts Forecast Growth

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

TriMas Stock Up 1.6%

The business has a 50-day simple moving average of $39.95 and a two-hundred day simple moving average of $37.23. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 1.84 and a beta of 0.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 4.50 and a current ratio of 4.85.

TriMas (NASDAQ:TRS) last released its earnings results on Thursday, April 30th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.24). The company had revenue of $168.28 million during the quarter, compared to analyst estimates of $158.24 million. TriMas had a net margin of 93.79% and a return on equity of 8.38%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 EPS. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. As a group, equities analysts predict that TriMas Corporation will post 1.67 EPS for the current year.

TriMas Announces Dividend

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

Institutional Investors Weigh In On TriMas

Several institutional investors have recently made changes to their positions in TRS. AdvisorNet Financial Inc purchased a new position in TriMas in the first quarter valued at about $28,000. Covestor Ltd grew its holdings in shares of TriMas by 20,525.0% in 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 purchased a new position in TriMas in the 4th quarter valued at approximately $29,000. Ball & Co Wealth Management Inc. purchased a new position in TriMas in the 4th quarter valued at approximately $35,000. Finally, Rockefeller Capital Management L.P. raised its holdings in TriMas by 1,958.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,029 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 979 shares during the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

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.