The stock of TriMas Corporation (NASDAQ:TRS) last traded at $29.24, down -1.25% from the previous session.
Data from the available sources indicates that TriMas Corporation (NASDAQ:TRS) is covered by 2 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $47.00 and a low of $47.00, we find $47.00. Given the previous closing price of $29.61, this indicates a potential upside of 58.73 percent. TRS stock price is now 5.39% away from the 50-day moving average and 5.34% away from the 200-day moving average. The market capitalization of the company currently stands at $1.22B.
In total, 2 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $47.00 as their price target over the next twelve months.
, while ‘Seaport Global Securities’ rates the stock as ‘Neutral’.
In other news, Finley Teresa, Director bought 19 shares of the company’s stock on Nov 10. The stock was bought for $504 at an average price of $26.73. Upon completion of the transaction, the Director now directly owns 23,232 shares in the company, valued at $0.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09, Chief Financial Officer Mell Scott A sold 789 shares of the business’s stock. A total of $20,001 was realized by selling the stock at an average price of $25.35. This leaves the insider owning 20,755 shares of the company worth $0.61 million. Insiders disposed of 42,545 shares of company stock worth roughly $1.24 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TRS stock. A new stake in TriMas Corporation shares was purchased by NORTH STAR INVESTMENT MANAGEMENT CORP. during the first quarter worth $726,000. AQR CAPITAL MANAGEMENT LLC invested $550,000 in shares of TRS during the first quarter. In the first quarter, GSA CAPITAL PARTNERS LLP acquired a new stake in TriMas Corporation valued at approximately $498,000. EXCHANGE TRADED CONCEPTS, LLC acquired a new stake in TRS for approximately $429,000. ARGA INVESTMENT MANAGEMENT, LP purchased a new stake in TRS valued at around $401,000 in the second quarter.
With an opening price of $29.61 on Tuesday morning, TriMas Corporation (NASDAQ: TRS) set off the trading day. During the past 12 months, TriMas Corporation has had a low of $21.41 and a high of $35.37. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.60, and a quick ratio of 1.50. The fifty day moving average price for TRS is $27.74 and a two-hundred day moving average price translates $27.76 for the stock.
The latest earnings results from TriMas Corporation (NASDAQ: TRS) was released for Sep, 2022. According to the Specialty Industrial Machinery Company, earnings per share came in at $0.4, missing analysts’ expectations of $0.61 by -0.21. This compares to $0.45 EPS in the same period last year. The net profit margin was 6.80% and return on equity was 9.50% for TRS. The company reported revenue of $218.53 million for the quarter, compared to $222.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.75 percent. For the current quarter, analysts expect TRS to generate $231.69M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/10/2022. Investors who held shares on 11/03/2022 were paid a $0.04 dividend. On an annualized basis, this represents a $0.16 dividend and a 0.55% percent yield. There was an ex-dividend date of 11/02/2022 for this dividend. In terms of dividend payout ratio, TRS is presently at 11.30%.
TriMas Corporation(TRS) Company Profile
TriMas Corporation designs, develops, manufactures, and sells products for consumer products, aerospace, and industrial markets worldwide. It operates through three segments: Packaging, Aerospace, and Specialty Products. 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, flexible spouts, and agricultural closures; polymeric jar products; integrated dispensers; bag-in-box products; aseptic closures; industrial closures and flex spouts; custom injection molded components and devices; various injection molded products; and single-bodied and assembled caps and closures under the Rieke, Taplast, Affaba & Ferrari, Stolz, Omega, and Rapak brands. The Aerospace segment provides fasteners, collars, blind bolts, rivets, ducting, and connectors for air management systems, and machined parts and components to original equipment manufacturers, supply chain distributors, MRO/aftermarket providers, and tier one suppliers; and military and defense aerospace applications and platforms under the Monogram Aerospace Fasteners, Allfast Fastening Systems, Mac Fasteners, TFI Aerospace, RSA Engineered Products, and Martinic Engineering brands. The Specialty Products segment offers steel cylinders for use in the transportation, storage, and dispensing of compressed gases under the Norris Cylinder brand; natural gas powered wellhead engines, compressors, and replacement parts for oil and natural gas production, and other industrial and commercial markets under the Arrow brand; and spare parts for various industrial engines. The company sells its products through a direct sales force, third-party agents, and distributors. TriMas Corporation was incorporated in 1986 and is headquartered in Bloomfield Hills, Michigan.