TriMas (NASDAQ:TRS) Share Price Crosses Below 50 Day Moving Average – Here’s Why

TriMas Corporation (NASDAQ:TRS)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $39.66 and traded as low as $37.99. TriMas shares last traded at $38.69, with a volume of 248,108 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TRS shares. Weiss Ratings upgraded shares of TriMas from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, September 4th. BWS Financial reiterated a “buy” rating and issued a $45.00 price objective on shares of TriMas in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of TriMas from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.50.

TriMas Price Performance

The firm has a 50-day moving average of $39.63 and a 200-day moving average of $39.29. The firm has a market capitalization of $1.38 billion, a P/E ratio of 1.61 and a beta of 0.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 5.03 and a current ratio of 5.44.

TriMas (NASDAQ:TRS) last issued its earnings results on Thursday, July 30th. The industrial products company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. TriMas had a return on equity of 6.41% and a net margin of 104.22%.The business had revenue of $174.58 million during the quarter, compared to analyst estimates of $178.44 million. During the same quarter in the previous year, the firm earned $0.61 EPS. TriMas’s revenue was down 36.5% on a year-over-year basis. TriMas has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, analysts predict that TriMas Corporation will post 1.66 EPS for the current year.

TriMas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were 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 was Thursday, August 6th. TriMas’s payout ratio is currently 0.67%.

Insider Buying and Selling

In other TriMas news, Director Herbert K. Parker sold 15,000 shares of TriMas stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $45.03, for a total transaction of $675,450.00. Following the transaction, the director owned 57,762 shares of the company’s stock, valued at $2,601,022.86. The trade was a 20.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is currently owned by insiders.

Institutional Trading of TriMas

Large investors have recently made changes to their positions in the business. Corient Private Wealth LP purchased a new stake in TriMas during the second quarter valued at approximately $1,372,000. Public Employees Retirement System of Ohio bought a new position in shares of TriMas during the 2nd quarter valued at approximately $34,000. Ancora Advisors LLC purchased a new stake in TriMas during the 2nd quarter valued at $2,041,000. Bank of New York Mellon Corp purchased a new stake in TriMas during the 2nd quarter valued at $16,478,000. Finally, Next Capital Management LLC bought a new stake in TriMas in the second quarter worth $518,000. 99.42% of the stock is currently owned by institutional investors.

TriMas Company Profile

TriMas Corporation (NASDAQ: TRS) is a diversified manufacturer of engineered products serving the packaging, aerospace and industrial markets. The company develops and produces specialized products designed for applications that require performance, reliability and technical expertise.

Through TriMas Packaging, the company supplies dispensing systems, closures, pumps, aerosol valves and other packaging components used in consumer, industrial, food, healthcare and personal-care products.