TriMas Corporation (TRS) To Go Ex-Dividend on November 5th

TriMas Corporation (NASDAQ:TRS) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Thursday, November 5th will be paid a dividend of $0.04 per share by the industrial products company on Thursday, November 12th. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, November 5th.

TriMas has a payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TriMas to earn $2.17 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 7.4%.

TriMas Stock Performance

NASDAQ TRS opened at $40.09 on Friday. The stock has a market cap of $1.44 billion, a P/E ratio of 1.66 and a beta of 0.61. The company’s 50-day simple moving average is $38.93 and its 200 day simple moving average is $39.74. TriMas has a twelve month low of $30.43 and a twelve month high of $45.42. The company has a quick ratio of 5.03, a current ratio of 5.44 and a debt-to-equity ratio of 0.28.

TriMas (NASDAQ:TRS) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $174.58 million during the quarter, compared to analysts’ expectations of $178.44 million. TriMas had a net margin of 104.22% and a return on equity of 6.41%. The company’s revenue for the quarter was down 36.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 earnings per share. TriMas has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, research analysts forecast that TriMas will post 1.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TRS. BWS Financial reaffirmed a “buy” rating and issued a $45.00 price target on shares of TriMas in a research note on Monday, August 3rd. Weiss Ratings raised TriMas from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen upgraded shares of TriMas from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, TriMas currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.

About TriMas

TriMas Corporation (NASDAQ: TRS) is a diversified manufacturer that develops and produces engineered products for the packaging, aerospace and industrial markets. The company serves customers through three primary business segments: TriMas Packaging, TriMas Aerospace and TriMas Specialty Products.

TriMas Packaging manufactures dispensing systems, closures, bottles, jars, cartridges and other packaging components used in consumer, industrial, food, beverage, healthcare and personal-care applications.