TriMas (NASDAQ:TRS) Hits New 12-Month High – Time to Buy?

TriMas Corporation (NASDAQ:TRS)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $43.76 and last traded at $43.7940, with a volume of 328566 shares changing hands. The stock had previously closed at $42.62.

Wall Street Analyst Weigh In

TRS has been the topic of a number of recent research reports. KeyCorp reiterated an “overweight” rating and set a $38.00 price objective on shares of TriMas in a research note on Thursday, February 26th. BWS Financial reissued a “buy” rating and set a $45.00 price objective on shares of TriMas in a report on Monday, March 2nd. Weiss Ratings downgraded shares of TriMas from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Finally, Zacks Research upgraded TriMas from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.50.

TriMas Stock Up 2.7%

The business’s fifty day moving average price is $39.38 and its two-hundred day moving average price is $36.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 4.50 and a current ratio of 4.85. The firm has a market capitalization of $1.57 billion, a P/E ratio of 1.82 and a beta of 0.60.

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

TriMas Announces Dividend

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

Institutional Trading of TriMas

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mariner LLC grew its stake in TriMas by 2.2% during the 3rd quarter. Mariner LLC now owns 19,536 shares of the industrial products company’s stock worth $755,000 after buying an additional 414 shares during the last quarter. Ellevest Inc. increased its position in TriMas by 11.6% during the 4th quarter. Ellevest Inc. now owns 6,418 shares of the industrial products company’s stock valued at $228,000 after buying an additional 669 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in TriMas in the first quarter valued at about $28,000. Los Angeles Capital Management LLC purchased a new stake in TriMas in the fourth quarter valued at about $29,000. Finally, Covestor Ltd boosted its holdings in TriMas by 20,525.0% in the fourth quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 821 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

About TriMas

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.