TriMas Corporation (TRS)

NASDAQ: TRS · Real-Time Price · USD
22.59
-0.63 (-2.71%)
Feb 21, 2025, 4:00 PM EST - Market closed
-2.71%
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]

IPO Date May 18, 2007
Employees 3,400
Stock Exchange NASDAQ
Ticker Symbol TRS
Full Company Profile

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 Statements

Analyst Forecast

According to one analyst, the rating for TRS stock is "Strong Buy" and the 12-month stock price forecast is $40.0.

Price Target
$40.0
(77.07% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

2 days ago - Business Wire

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...

5 days ago - Business Wire

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. ...

11 days ago - Business Wire

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...

12 days ago - Business Wire

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...

Other symbols: IESC
15 days ago - PRNewsWire

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...

15 days ago - Business Wire

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...

Other symbols: IESC
22 days ago - Business Wire

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...

23 days ago - Seeking Alpha

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...

24 days ago - Business Wire

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...

4 weeks ago - Business Wire

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...

5 weeks ago - Business Wire

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...

6 weeks ago - Reuters

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...

6 weeks ago - PRNewsWire

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...

6 weeks ago - Business Wire

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...

3 months ago - Business Wire

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...

3 months ago - Business Wire

TriMas Corporation (TRS) Q3 2024 Earnings Call Transcript

TriMas Corporation (TRS) Q3 2024 Earnings Call Transcript

3 months ago - Seeking Alpha

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...

3 months ago - Business Wire

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...

4 months ago - Business Wire

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.

Other symbols: EXP
4 months ago - Benzinga

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...

4 months ago - Business Wire

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...

5 months ago - Business Wire

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...

7 months ago - Seeking Alpha

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...

7 months ago - Business Wire

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...

7 months ago - PRNewsWire