TriMas Corporation (TRS)

NASDAQ: TRS · IEX Real-Time Price · USD
26.48
+0.55 (2.12%)
Apr 26, 2024, 4:00 PM EDT - Market closed
2.12%
Market Cap 1.09B
Revenue (ttm) 893.55M
Net Income (ttm) 40.36M
Shares Out 41.03M
EPS (ttm) 0.97
PE Ratio 27.30
Forward PE 13.11
Dividend $0.16 (0.60%)
Ex-Dividend Date May 6, 2024
Volume 172,078
Open 26.10
Previous Close 25.93
Day's Range 26.04 - 26.91
52-Week Range 22.59 - 29.07
Beta 0.71
Analysts Strong Buy
Price Target 40.00 (+51.06%)
Earnings Date Apr 30, 2024

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
(51.06% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

TriMas Packaging Receives Silver Award as Strategic Supplier

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that its TriMas Packaging group has received a prestigious supplier award from Grupo Boticário. The Silver Award was pres...

1 day 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 May 14, 202...

3 days ago - Business Wire

TriMas Packaging Group to Exhibit at LUXE PACK New York and China Beauty Expo

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas Packaging, the largest division of TriMas (NASDAQ: TRS), will exhibit its innovative and sustainable dispensing and closure solutions at two prominent ...

8 days ago - Business Wire

TriMas Announces First Quarter 2024 Earnings Conference Call Date

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) announced today that it will host its first quarter 2024 earnings conference call on Tuesday, April 30, 2024. The conference call will be...

17 days ago - Business Wire

TriMas Announces Update to Board of Directors

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced the planned retirement of Samuel Valenti III as Chairman of its Board of Directors, effective at the Company's Annual Mee...

5 weeks ago - Business Wire

TriMas Reports Fourth Quarter and Full Year 2023 Results

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced financial results for the fourth quarter and full year ended December 31, 2023. TriMas Highlights Achieved quarterly net ...

2 months ago - Business Wire

TriMas Announces Fourth Quarter and Full Year 2023 Earnings Conference Call Date

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) announced today that it will host its fourth quarter and full year 2023 earnings conference call on Thursday, February 29, 2024. The conf...

3 months ago - Business Wire

TriMas Packaging Group to Exhibit at Paris Packaging Week 2024

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas Packaging, the largest division of TriMas (NASDAQ: TRS), will exhibit at Paris Packaging Week 2024 at the Paris Expo Porte de Versailles on January 17-...

4 months ago - Business Wire

TriMas Life Sciences Expands Its Cleanroom Capabilities

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that its Intertech business, part of the TriMas Life Sciences division, has expanded its cleanroom capacity at its Denver...

4 months ago - Business Wire

TriMas Packaging Selected to Partner With Leading Food and Beverage Brands

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that its TriMas Packaging group continues to remain at the forefront of innovation, consistently developing new packaging...

4 months ago - Business Wire

BARINGTON CAPITAL GROUP CALLS FOR TRIMAS CORPORATION TO ADDRESS ITS LONG-TERM SHARE PRICE UNDERPERFORMANCE

TriMas is Trading at Multiple Discounts to its Peers and the Company's Long-Term Averages Believes the Board Must Address the Deteriorating Margin Performance at its Packaging Segment and Subscale Siz...

4 months ago - PRNewsWire

TriMas Appoints New General Manager of Its Allfast Fastening Systems Business

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced the appointment of William “Bill” Carrigan to the position of Allfast Fastening Systems General Manager, effective Decemb...

5 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 2023 TriMas Kaizen Challenge. The winning project was submitted by a dedicated team at RSA Engineered P...

5 months ago - Business Wire

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...

5 months 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 months 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 months 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...

7 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,...

7 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...

8 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...

9 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 ...

10 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...

10 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...

11 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...

11 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...

1 year ago - Business Wire