TriMas Corporation (TRS)

NASDAQ: TRS · IEX Real-Time Price · USD
25.21
-0.21 (-0.83%)
Dec 6, 2023, 4:00 PM EST - Market closed
-0.83%
Market Cap 1.04B
Revenue (ttm) 887.30M
Net Income (ttm) 51.26M
Shares Out 41.41M
EPS (ttm) 1.23
PE Ratio 20.50
Forward PE 10.92
Dividend $0.16 (0.63%)
Ex-Dividend Date Nov 1, 2023
Volume 183,918
Open 25.63
Previous Close 25.42
Day's Range 25.14 - 25.85
52-Week Range 22.59 - 31.89
Beta 0.73
Analysts Strong Buy
Price Target 40.00 (+58.67%)
Earnings Date Oct 26, 2023

About TRS

TriMas Corporation engages in the design, development, manufacture, and sale of 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 p... [Read more]

IPO Date May 18, 2007
Employees 3,500
Stock Exchange NASDAQ
Ticker Symbol TRS
Full Company Profile

Financial Performance

In 2022, TriMas's revenue was $883.83 million, an increase of 3.12% compared to the previous year's $857.11 million. Earnings were $66.17 million, an increase of 15.46%.

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
(58.67% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

TriMas to Present at the Bank of America Securities 2023 Leveraged Finance Conference

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that TriMas management is scheduled to present at the Bank of America Securities 2023 Leveraged Finance Conference on Tue...

9 days ago - Business Wire

TriMas Reports Third Quarter 2023 Results

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced financial results for the third quarter ended September 30, 2023. TriMas Third Quarter Highlights Achieved net sales of $...

6 weeks ago - Business Wire

TriMas Announces New President of Its TriMas Aerospace Group

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced the appointment of Vitaliy Rusakov as President of TriMas Aerospace, effective November 13, 2023. He will report directly...

6 weeks ago - Business Wire

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 November 9,...

7 weeks ago - Business Wire

TriMas Announces Third Quarter 2023 Earnings Conference Call Date

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) announced today that it will host its third quarter 2023 earnings conference call on Thursday, October 26, 2023. The conference call will...

2 months ago - Business Wire

TriMas Packaging to Attend Luxe Pack Monaco 2023 on October 2-4

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas Packaging, the largest division of TriMas (NASDAQ: TRS), will exhibit at Luxe Pack Monaco 2023 at the Grimaldi Forum in the Ravel Hall, at Booth #RD10,...

2 months ago - Business Wire

TriMas Packaging Streamlines Operations With Successful Production Asset Relocation

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that its TriMas Packaging group has successfully completed, ahead of schedule, the previously announced relocation of cer...

2 months ago - Business Wire

TriMas Reports Second Quarter 2023 Results

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced financial results for the second quarter ended June 30, 2023. TriMas Highlights Increased second quarter net sales in Tri...

4 months ago - Business Wire

TriMas Streamlines Manufacturing Footprint

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that it is taking proactive actions to optimize its TriMas Packaging group's manufacturing footprint and better position ...

5 months ago - Business Wire

TriMas Announces Second Quarter 2023 Earnings Conference Call Date

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) announced today that it will host its second quarter 2023 earnings conference call on Thursday, July 27, 2023. The conference call will b...

5 months ago - Business Wire

TriMas Releases Third Annual Sustainability Report

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced it has released its annual Sustainability Report, demonstrating the Company's commitment to transparency by providing a c...

6 months ago - Business Wire

TriMas Announces Upcoming Participation at the William Blair 43rd Annual Growth Stock Conference

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that TriMas management plans to participate in the following upcoming investor conference: William Blair 43rd Annual Grow...

6 months ago - Business Wire

TriMas Packaging Group Introduces Its Singolo™ Line of Fully Recyclable, Single-polymer Dispensing Pumps

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that its TriMas Packaging group has further advanced its commitment to sustainable packaging solutions with the commercia...

7 months ago - Business Wire

Top 5 Materials Stocks That May Explode In May - Amyris (NASDAQ:AMRS), MP Materials (NYSE:MP)

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Other symbols: MPSXCVHI
7 months ago - Benzinga

TriMas Reports First Quarter 2023 Results

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced financial results for the first quarter ended March 31, 2023. TriMas Highlights Increased first quarter net sales in TriM...

8 months ago - Business Wire

TriMas Announces First Quarter 2023 Earnings Conference Call Date

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) announced today that it will host its first quarter 2023 earnings conference call on Thursday, April 27, 2023. The conference call will b...

8 months ago - Business Wire

TriMas Announces Appointment of Jeffrey Fielkow to Board of Directors

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that its Board of Directors has appointed Jeffrey Fielkow as a new director, effective March 8, 2023. Mr. Fielkow has ove...

9 months ago - Business Wire

TriMas Reports Fourth Quarter and Full Year 2022 Results

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced financial results for the fourth quarter and full year ended December 31, 2022. TriMas Highlights Increased net sales for...

10 months ago - Business Wire

TriMas Announces Agreement to Acquire Weldmac

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that it has signed an agreement to acquire the operating net assets of Weldmac Manufacturing Company (“Weldmac”), a leadi...

10 months ago - Business Wire

TriMas Announces the Acquisition of Aarts Packaging

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that it has acquired Aarts Packaging B.V., a well-established, innovative luxury packaging solutions provider for prest...

11 months ago - Business Wire

TriMas Announces Fourth Quarter and Full Year 2022 Earnings Conference Call Date

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) announced today that it will host its fourth quarter and full year 2022 earnings conference call on Thursday, February 23, 2023. The co...

11 months ago - Business Wire

Newron announces striking six-month interim results from its exploratory clinical trial evaluating evenamide as add-on therapy for patients with treatment-resistant schizophrenia

MILAN--(BUSINESS WIRE)--Newron Pharmaceuticals S.p.A. (“Newron”) (SIX: NWRN, XETRA: NP5), a biopharmaceutical company focused on the development of novel therapies for patients with diseases of the ...

1 year ago - Business Wire

TriMas Packaging Facility Achieves FSSC 22000, a Leading Food Safety Production Certification

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that its TriMas Packaging facility located in Hamilton, Indiana, has successfully been certified as meeting the require...

1 year ago - Business Wire

TriMas' 2022 Kaizen Challenge Winners Reflect Ongoing Commitment to Continuous Improvement

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced the winners of its 2022 TriMas Kaizen Challenge. The 2022 winners are TriMas Aerospace's Optimizing Subcontracting Supp...

1 year ago - Business Wire

TriMas to Present at the Bank of America Securities 2022 Leveraged Finance Conference

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that TriMas management is scheduled to present at the Bank of America Securities 2022 Leveraged Finance Conference on T...

1 year ago - Business Wire