TriMas Corporation (TRS)
Market Cap | 916.51M |
Revenue (ttm) | 906.52M |
Net Income (ttm) | 26.55M |
Shares Out | 40.57M |
EPS (ttm) | 0.64 |
PE Ratio | 35.28 |
Forward PE | 11.28 |
Dividend | $0.16 (0.71%) |
Ex-Dividend Date | Feb 28, 2025 |
Volume | 281,185 |
Open | 23.47 |
Previous Close | 23.22 |
Day's Range | 22.50 - 23.50 |
52-Week Range | 22.24 - 28.51 |
Beta | 0.66 |
Analysts | Strong Buy |
Price Target | 40.00 (+77.07%) |
Earnings Date | Feb 27, 2025 |
About TRS
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... [Read more]
Financial Performance
In 2023, TriMas's revenue was $893.55 million, an increase of 1.10% compared to the previous year's $883.83 million. Earnings were $40.36 million, a decrease of -39.01%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for TRS stock is "Strong Buy" and the 12-month stock price forecast is $40.0.
News
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TriMas Declares Quarterly Dividend
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock. The quarterly dividend is payable on March 7, 20...
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TriMas Completes Acquisition of GMT Aerospace
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that it has completed the previously announced acquisition of the aerospace business of GMT Gummi-Metall-Technik GmbH (“G...
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TriMas Announces Appointment of Shawn Sedaghat to Board of Directors
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that its Board of Directors has appointed Shawn Sedaghat as a new independent director, effective February 10, 2025. Mr. ...
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TriMas Announces Continued Review of Portfolio Actions to Maximize Shareholder Value
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS), a leading global provider of engineered products that goes to market through its leading brands within its TriMas Packaging, TriMas Aero...
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WOODWARD PARK PARTNERS ADVISES TRIMAS IN ITS SALE OF ARROW ENGINE TO IES INFRASTRUCTURE SOLUTIONS
BLOOMFIELD HILLS, Mich. , Feb. 7, 2025 /PRNewswire/ -- Woodward Park Partners is pleased to announce that IES Infrastructure Solutions LLC, a division of IES Holdings, Inc. (NASDAQ: IESC) has acquired...
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TriMas Announces Fourth Quarter and Full Year 2024 Earnings Conference Call Date
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) announced today that it will host its fourth quarter and full year 2024 earnings conference call on Thursday, February 27, 2025. The conf...
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TriMas Completes Sale of Its Arrow Engine Business
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced the successful completion of the previously announced sale of its Arrow Engine business, thereby exiting its direct prese...
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TriMas Corporation: This Play Could Have A Strong Catalyst For Upside
TriMas Corporation is a potential special situation investment due to its diverse operations and recent financial underperformance, making it a candidate for significant change. Activist investor Bari...
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TriMas Packaging Awarded EcoVadis Gold Rating for Sustainability Efforts
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that its TriMas Packaging group has retained the Gold level rating for its Environment, Social and Governance (ESG) initi...
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TriMas Packaging Group to Exhibit at Paris Packaging Week and LUXE PACK Los Angeles 2025
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas Packaging, the largest operating group of TriMas (NASDAQ: TRS), is excited to announce its participation in two upcoming trade shows, where the Company...
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TriMas Packaging Launches New Recyclable Foaming Pump
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas Packaging, the largest operating group of TriMas (NASDAQ: TRS), today announced that it has added to its breadth of commercially available, fully recyc...
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Activist Barington urges manufacturer TriMas to consider sale of company
Activist investor Barington Capital Group wants TriMas to launch a strategic review of options, including the possible sale of the entire company, arguing in a letter that hiring a financial adviser i...
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BARINGTON CAPITAL GROUP CALLS ON THE BOARD OF DIRECTORS OF TRIMAS CORPORATION TO RETAIN A FINANCIAL ADVISOR TO PURSUE STRATEGIC ALTERNATIVES FOR THE COMPANY
Believes Now is the Optimal Time Given the Contemplated CEO Transition NEW YORK , Jan. 10, 2025 /PRNewswire/ -- Barington Capital Group, L.P., which together with its affiliates collectively owns appr...
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TriMas Announces Leadership Transition Plan
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that the Board of Directors and Thomas Amato have agreed that Mr. Amato will transition from the role of President and Ch...
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TriMas Packaging Unveils New State-of-the-Art Facility in Haining, China
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced the launch of its new, state-of-the-art, 225,000 square foot facility for its TriMas Packaging group in Haining, China. T...
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TriMas Announces Winner of Its Annual Kaizen Challenge
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced the winner of its 2024 TriMas Kaizen Challenge. The winning project was submitted by a dedicated team at Allfast Fastenin...
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TriMas Corporation (TRS) Q3 2024 Earnings Call Transcript
TriMas Corporation (TRS) Q3 2024 Earnings Call Transcript
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TriMas Reports Third Quarter 2024 Results
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced financial results for the third quarter ended September 30, 2024. TriMas Third Quarter Highlights Achieved core sales gro...
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Trimas Packaging to Exhibit Latest Innovations at Beautyworld Middle East
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas Packaging, the largest operating group within TriMas (NASDAQ: TRS), will showcase its latest beauty and cosmetic packaging innovations at Beautyworld M...
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Top 2 Materials Stocks You May Want To Dump In October
As of Oct. 15, 2024, two stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
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TriMas Announces Third Quarter 2024 Earnings Conference Call Date
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) announced today that it will host its third quarter 2024 earnings conference call on Monday, November 4, 2024. The conference call will b...
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TriMas Packaging to Attend LUXE PACK Monaco 2024
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas Packaging, the largest division of TriMas (NASDAQ: TRS), will exhibit at LUXE PACK Monaco 2024, at the Grimaldi Forum in the Ravel Hall, at Booth #RD10...
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TriMas Corporation (TRS) Q2 2024 Earnings Call Transcript
TriMas Corporation (NASDAQ:TRS) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Sherry Lauderback - Vice President, Investor Relations Thomas Amato - President & Chief...
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TriMas Reports Second Quarter 2024 Results
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced financial results for the second quarter ended June 30, 2024. TriMas Second Quarter Highlights Achieved organic sales gro...
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BARINGTON CAPITAL GROUP CALLS FOR TRIMAS TO CONSIDER A RANGE OF STRATEGIC ALTERNATIVES TO ADDRESS IT LONG-TERM SHARE PRICE UNDERPERFORMANCE
TriMas' Shares have Underperformed its Peers and the Market Over a Long-Term Period Believes TriMas' Multi-Segment Structure has Done Little to Benefit Stockholders Recommends TriMas Sell its Aerospac...