TriMas (NASDAQ:TRS) Reaches New 52-Week High – Time to Buy?

TriMas Corporation (NASDAQ:TRS)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $42.08 and last traded at $41.4560, with a volume of 497727 shares. The stock had previously closed at $39.11.

Wall Street Analysts Forecast Growth

TRS has been the subject of several analyst reports. BWS Financial reiterated a “buy” rating and issued a $45.00 price objective on shares of TriMas in a research note on Monday, March 2nd. Weiss Ratings cut TriMas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. Zacks Research cut TriMas from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Finally, KeyCorp restated an “overweight” rating and set a $38.00 target price on shares of TriMas in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.50.

TriMas Stock Performance

The stock’s 50-day moving average is $36.83 and its 200-day moving average is $35.55. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 1.72 and a beta of 0.58. The company has a current ratio of 4.85, a quick ratio of 4.50 and a debt-to-equity ratio of 0.27.

TriMas (NASDAQ:TRS) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $158.24 million. TriMas had a return on equity of 8.38% and a net margin of 93.79%.TriMas’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. On average, analysts predict that TriMas Corporation will post 1.59 EPS for the current fiscal year.

TriMas Announces Dividend

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

Hedge Funds Weigh In On TriMas

Institutional investors have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc acquired a new position in TriMas during the 1st quarter worth approximately $28,000. Covestor Ltd grew its holdings in TriMas by 20,525.0% during 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 last quarter. Los Angeles Capital Management LLC bought a new stake in TriMas during the 4th quarter worth approximately $29,000. Ball & Co Wealth Management Inc. bought a new stake in TriMas during the 4th quarter worth approximately $35,000. Finally, Rockefeller Capital Management L.P. grew its holdings in TriMas by 1,958.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,029 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 979 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

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.