TriMas (NASDAQ:TRS) Reaches New 12-Month High – Should You Buy?

TriMas Corporation (NASDAQ:TRS) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $44.89 and last traded at $44.6130, with a volume of 19034 shares changing hands. The stock had previously closed at $43.60.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. BWS Financial restated a “buy” rating and set a $45.00 target price on shares of TriMas in a research note on Monday, March 2nd. Zacks Research upgraded TriMas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings raised TriMas from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.50.

TriMas Trading Up 1.2%

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 stock has a market cap of $1.60 billion, a PE ratio of 1.85 and a beta of 0.60. The company has a 50 day moving average of $40.19 and a two-hundred day moving average of $37.35.

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

TriMas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors 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 (DPR) is presently 0.66%.

Institutional Trading of TriMas

A number of large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TriMas by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,120 shares of the industrial products company’s stock valued at $565,000 after buying an additional 1,014 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of TriMas in the 1st quarter valued at approximately $868,000. Jump Financial LLC increased its stake in TriMas by 80.3% in the 2nd quarter. Jump Financial LLC now owns 72,240 shares of the industrial products company’s stock valued at $2,067,000 after buying an additional 32,172 shares during the period. Sei Investments Co. increased its stake in shares of TriMas by 16.7% during the second quarter. Sei Investments Co. now owns 101,420 shares of the industrial products company’s stock worth $2,902,000 after acquiring an additional 14,512 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in TriMas by 83.3% during the second quarter. Squarepoint Ops LLC now owns 162,775 shares of the industrial products company’s stock worth $4,657,000 after purchasing an additional 73,960 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.