FY2024 EPS Estimates for TriMas Co. (NASDAQ:TRS) Boosted by BWS Financial

TriMas Co. (NASDAQ:TRS) – Analysts at BWS Financial raised their FY2024 earnings per share estimates for TriMas in a report released on Wednesday, May 1st. BWS Financial analyst H. Khorsand now expects that the industrial products company will post earnings per share of $2.03 for the year, up from their previous estimate of $2.01. BWS Financial has a “Buy” rating and a $40.00 price objective on the stock. The consensus estimate for TriMas’ current full-year earnings is $1.92 per share. BWS Financial also issued estimates for TriMas’ Q4 2024 earnings at $0.51 EPS.

TriMas Price Performance

Shares of NASDAQ:TRS opened at $26.06 on Monday. The firm’s 50 day simple moving average is $25.60 and its two-hundred day simple moving average is $25.13. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.73 and a quick ratio of 1.41. The company has a market capitalization of $1.06 billion, a P/E ratio of 26.87 and a beta of 0.71. TriMas has a 1-year low of $22.59 and a 1-year high of $29.07.

TriMas (NASDAQ:TRS) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The firm had revenue of $227.10 million during the quarter, compared to the consensus estimate of $220.60 million. TriMas had a net margin of 4.48% and a return on equity of 9.68%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS.

Hedge Funds Weigh In On TriMas

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its position in TriMas by 16.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,069,777 shares of the industrial products company’s stock valued at $77,757,000 after acquiring an additional 422,717 shares in the last quarter. Norges Bank acquired a new position in shares of TriMas during the fourth quarter valued at about $6,767,000. Pzena Investment Management LLC raised its holdings in shares of TriMas by 7.0% in the third quarter. Pzena Investment Management LLC now owns 2,570,194 shares of the industrial products company’s stock worth $63,638,000 after buying an additional 167,452 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of TriMas during the fourth quarter worth $3,764,000. Finally, Fiduciary Management Inc. WI grew its holdings in shares of TriMas by 4.3% during the fourth quarter. Fiduciary Management Inc. WI now owns 3,106,943 shares of the industrial products company’s stock valued at $78,699,000 after buying an additional 129,477 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.

Insider Activity at TriMas

In other news, CEO Thomas A. Amato bought 10,000 shares of TriMas stock in a transaction dated Friday, March 1st. The shares were purchased at an average cost of $23.62 per share, with a total value of $236,200.00. Following the completion of the acquisition, the chief executive officer now owns 286,168 shares of the company’s stock, valued at approximately $6,759,288.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other TriMas news, CEO Thomas A. Amato bought 10,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average cost of $23.62 per share, for a total transaction of $236,200.00. Following the transaction, the chief executive officer now owns 286,168 shares of the company’s stock, valued at $6,759,288.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Herbert K. Parker bought 1,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $25.98 per share, with a total value of $25,980.00. Following the acquisition, the director now owns 30,057 shares in the company, valued at approximately $780,880.86. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 13,500 shares of company stock valued at $325,550. 1.30% of the stock is owned by company insiders.

TriMas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be paid a $0.04 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.16 dividend on an annualized basis and a yield of 0.61%. TriMas’s payout ratio is presently 16.49%.

TriMas Company Profile

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 pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.