TriMas (NASDAQ:TRS) Announces Earnings Results

TriMas (NASDAQ:TRS) issued its earnings results on Tuesday. The industrial products company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03, Zacks reports. TriMas had a return on equity of 9.21% and a net margin of 2.93%. During the same period last year, the business posted $0.37 earnings per share. The company’s revenue was up 6.4% compared to the same quarter last year. TriMas updated its FY 2025 guidance to 1.700-1.850 EPS.

TriMas Trading Up 12.8 %

TRS stock traded up $2.68 during mid-day trading on Tuesday, reaching $23.67. The company had a trading volume of 99,062 shares, compared to its average volume of 312,345. The firm has a 50 day moving average of $22.34 and a 200 day moving average of $24.36. TriMas has a 12 month low of $19.33 and a 12 month high of $28.51. The company has a market capitalization of $963.71 million, a PE ratio of 37.02 and a beta of 0.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44.

TriMas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th will be paid a $0.04 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $0.16 dividend on an annualized basis and a yield of 0.68%. TriMas’s dividend payout ratio is currently 27.12%.

Insider Transactions at TriMas

In other TriMas news, Director Jeffrey A. Fielkow bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $20.78 per share, for a total transaction of $51,950.00. Following the purchase, the director now directly owns 11,013 shares in the company, valued at $228,850.14. This represents a 29.37 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Scott A. Mell sold 2,218 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $22.54, for a total value of $49,993.72. Following the sale, the chief financial officer now owns 26,288 shares in the company, valued at approximately $592,531.52. The trade was a 7.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders acquired 806,246 shares of company stock valued at $19,338,213. Company insiders own 14.20% of the company’s stock.

Analysts Set New Price Targets

Separately, BWS Financial reissued a “buy” rating and issued a $40.00 target price on shares of TriMas in a report on Friday, February 28th.

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.