Research Analysts Offer Predictions for TriMas Co.’s Q3 2024 Earnings (NASDAQ:TRS)

TriMas Co. (NASDAQ:TRS) – Equities research analysts at BWS Financial lowered their Q3 2024 earnings per share (EPS) estimates for TriMas in a report released on Wednesday, May 1st. BWS Financial analyst H. Khorsand now expects that the industrial products company will post earnings per share of $0.63 for the quarter, down from their previous forecast of $0.64. BWS Financial has a “Buy” rating and a $40.00 price target 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. The business’s 50 day simple moving average is $25.59 and its 200 day simple moving average is $25.11. TriMas has a 52-week low of $22.59 and a 52-week high of $29.07. The firm has a market cap of $1.07 billion, a PE ratio of 27.02 and a beta of 0.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.29 and a current ratio of 2.73.

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

TriMas Announces Dividend

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

Insiders Place Their Bets

In other TriMas news, Director Herbert K. Parker bought 1,500 shares of TriMas stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $26.34 per share, for a total transaction of $39,510.00. Following the purchase, the director now owns 33,057 shares of the company’s stock, valued at approximately $870,721.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Herbert K. Parker purchased 1,500 shares of TriMas stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average cost of $26.34 per share, for a total transaction of $39,510.00. Following the purchase, the director now directly owns 33,057 shares of the company’s stock, valued at approximately $870,721.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Herbert K. Parker purchased 1,000 shares of TriMas stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average price of $25.98 per share, with a total value of $25,980.00. Following the completion of the purchase, the director now directly owns 30,057 shares in the company, valued at $780,880.86. The disclosure for this purchase can be found here. Insiders have purchased 13,500 shares of company stock valued at $325,550 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Institutional Trading of TriMas

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of TriMas during the 4th quarter valued at $205,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in TriMas by 31.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,089 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 2,173 shares in the last quarter. Inspire Investing LLC acquired a new position in TriMas in the 3rd quarter worth about $308,000. Handelsbanken Fonder AB increased its holdings in TriMas by 19.8% in the 4th 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 in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in TriMas by 5.0% in the 4th 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 in the last quarter. 99.42% of the stock is currently owned by institutional investors.

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.