Q3 2024 EPS Estimates for TriMas Co. Reduced by Analyst (NASDAQ:TRS)

TriMas Co. (NASDAQ:TRS) – Stock analysts at BWS Financial reduced their Q3 2024 earnings per share estimates for shares of TriMas in a report issued on Wednesday, May 1st. BWS Financial analyst H. Khorsand now anticipates that the industrial products company will post earnings of $0.63 per share for the quarter, down from their previous estimate of $0.64. BWS Financial currently has a “Buy” rating and a $40.00 target price on the stock. The consensus estimate for TriMas’ current full-year earnings is $1.91 per share.

TriMas Stock Down 0.0 %

Shares of TriMas stock opened at $26.21 on Friday. TriMas has a twelve month low of $22.59 and a twelve month high of $29.07. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 27.02 and a beta of 0.71. The company has a current ratio of 2.73, a quick ratio of 1.29 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average price of $25.59 and a 200 day moving average price of $25.11.

TriMas (NASDAQ:TRS) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. TriMas had a return on equity of 9.68% and a net margin of 4.48%. The company had revenue of $227.10 million for the quarter, compared to the consensus estimate of $220.60 million. During the same period in the previous year, the business earned $0.30 earnings per share. TriMas’s quarterly revenue was up 5.4% compared to the same quarter last year.

Hedge Funds Weigh In On TriMas

A number of hedge funds have recently added to or reduced their stakes in TRS. SG Americas Securities LLC bought a new stake in shares of TriMas in the fourth quarter valued at approximately $205,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of TriMas by 31.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,089 shares of the industrial products company’s stock valued at $225,000 after acquiring an additional 2,173 shares during the period. Inspire Investing LLC bought a new position in TriMas in the third quarter worth $308,000. Handelsbanken Fonder AB lifted its position in TriMas by 19.8% in the fourth quarter. Handelsbanken Fonder AB now owns 15,095 shares of the industrial products company’s stock worth $382,000 after purchasing an additional 2,500 shares during the period. Finally, Summit Trail Advisors LLC lifted its position in TriMas by 5.0% in the fourth quarter. Summit Trail Advisors LLC now owns 15,158 shares of the industrial products company’s stock worth $384,000 after purchasing an additional 716 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

Insider Transactions at TriMas

In related news, CEO Thomas A. Amato bought 10,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were bought at an average cost of $23.62 per share, for a total transaction of $236,200.00. Following the completion of the purchase, the chief executive officer now owns 286,168 shares of the company’s stock, valued at approximately $6,759,288.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Thomas A. Amato purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were purchased at an average price of $23.62 per share, with a total value of $236,200.00. Following the purchase, the chief executive officer now owns 286,168 shares of the company’s stock, valued at approximately $6,759,288.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Herbert K. Parker acquired 1,500 shares of TriMas stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of $26.34 per share, with a total value of $39,510.00. Following the completion of the purchase, the director now directly owns 33,057 shares of the company’s stock, valued at approximately $870,721.38. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 13,500 shares of company stock valued at $325,550. 1.10% of the stock is currently owned by corporate insiders.

TriMas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Monday, May 6th. TriMas’s payout ratio is currently 16.49%.

About TriMas

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.