TriMas (NASDAQ:TRS) Sets New 52-Week High – Here’s What Happened

TriMas Corporation (NASDAQ:TRS)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $45.17 and last traded at $45.03, with a volume of 337659 shares. The stock had previously closed at $44.52.

Wall Street Analyst Weigh In

TRS has been the topic of several analyst reports. Zacks Research raised shares of TriMas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings raised shares of TriMas from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TriMas currently has an average rating of “Moderate Buy” and a consensus price target of $41.50.

TriMas Stock Down 2.9%

The company has a debt-to-equity ratio of 0.27, a current ratio of 4.85 and a quick ratio of 4.50. The stock has a market capitalization of $1.51 billion, a PE ratio of 1.75 and a beta of 0.59. The company has a 50 day moving average price of $40.67 and a 200-day moving average price of $37.66.

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

TriMas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, May 7th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. TriMas’s payout ratio is currently 0.66%.

Insider Transactions at TriMas

In related news, Director Herbert K. Parker sold 15,000 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $45.03, for a total value of $675,450.00. Following the completion of the transaction, the director directly owned 57,762 shares of the company’s stock, valued at $2,601,022.86. This represents a 20.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in TriMas by 1.7% in the first quarter. Bank of America Corp DE now owns 3,845,726 shares of the industrial products company’s stock worth $138,215,000 after purchasing an additional 62,802 shares in the last quarter. Capital International Investors purchased a new stake in shares of TriMas in the 3rd quarter worth about $111,673,000. Allspring Global Investments Holdings LLC grew its position in shares of TriMas by 3.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,562,028 shares of the industrial products company’s stock worth $92,976,000 after buying an additional 73,638 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of TriMas by 4.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,259,891 shares of the industrial products company’s stock worth $81,220,000 after acquiring an additional 91,003 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of TriMas in the 4th quarter worth about $55,036,000. Hedge funds and other institutional investors own 99.42% of the company’s stock.

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.