TriMas Corporation (NASDAQ:TRS – Get Free Report)’s share price passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $38.96 and traded as low as $38.18. TriMas shares last traded at $38.68, with a volume of 803,184 shares trading hands.
Trending Headlines about TriMas
Here are the key news stories impacting TriMas this week:
- Positive Sentiment: TriMas reported third-quarter adjusted earnings of $0.50 per share, above the cited consensus estimate of $0.48, while revenue of $178.74 million also exceeded expectations of $175.16 million. TriMas Reports Third Quarter 2026 Results
- Neutral Sentiment: Management issued earnings guidance for the year ending December 31, 2026. The available report does not provide the specific guidance figures, leaving investors to assess whether the outlook supports current analyst expectations of approximately $1.66 in full-year EPS. TriMas Provides 2026 Earnings Guidance
- Negative Sentiment: Revenue fell 33.6% year over year to $178.74 million, and EPS declined from $0.61 in the prior-year quarter to $0.50. The sharp contraction in sales and profitability likely outweighed the modest quarterly beat. Trading volume was also significantly above average, suggesting heightened investor reaction to the results and outlook. TriMas Third-Quarter and Nine-Month Results
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded TriMas from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings upgraded TriMas from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, BWS Financial restated a “buy” rating and set a $45.00 price objective on shares of TriMas in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, TriMas presently has an average rating of “Moderate Buy” and an average price target of $41.50.
Check Out Our Latest Stock Report on TRS
TriMas Stock Performance
The company has a current ratio of 5.44, a quick ratio of 5.03 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 1.61 and a beta of 0.61. The stock has a 50-day simple moving average of $38.96 and a 200-day simple moving average of $38.61.
TriMas (NASDAQ:TRS – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. TriMas had a return on equity of 6.41% and a net margin of 104.22%. The business had revenue of $178.74 million for the quarter, compared to analyst estimates of $175.16 million. During the same period in the prior year, the company posted $0.61 EPS. The business’s revenue was down 33.6% compared to the same quarter last year. On average, analysts anticipate that TriMas Corporation will post 1.66 earnings per share for the current year.
TriMas Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Thursday, November 5th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, November 5th. TriMas’s payout ratio is currently 0.67%.
Institutional Investors Weigh In On TriMas
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new stake in TriMas in the second quarter worth approximately $16,478,000. Punch & Associates Investment Management Inc. bought a new position in TriMas during the 1st quarter valued at $8,795,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of TriMas during the 1st quarter valued at $7,015,000. Kestrel Investment Management Corp acquired a new position in shares of TriMas during the 1st quarter valued at $5,375,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of TriMas by 56.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 357,387 shares of the industrial products company’s stock valued at $12,844,000 after purchasing an additional 128,811 shares during the period. Institutional investors own 99.42% of the company’s stock.
About TriMas
TriMas Corporation (NASDAQ: TRS) is a diversified manufacturer that develops and produces engineered products for the packaging, aerospace and industrial markets. The company serves customers through three primary business segments: TriMas Packaging, TriMas Aerospace and TriMas Specialty Products.
TriMas Packaging manufactures dispensing systems, closures, bottles, jars, cartridges and other packaging components used in consumer, industrial, food, beverage, healthcare and personal-care applications.
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