TriMas (NASDAQ:TRS) Sets New 52-Week Low – What’s Next?

Shares of TriMas Co. (NASDAQ:TRS) hit a new 52-week low during trading on Wednesday . The company traded as low as $22.24 and last traded at $22.30, with a volume of 5301 shares trading hands. The stock had previously closed at $22.74.

Wall Street Analysts Forecast Growth

TRS has been the subject of a number of research reports. BWS Financial reaffirmed a “buy” rating and set a $40.00 price target on shares of TriMas in a research report on Tuesday, November 5th. StockNews.com raised TriMas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.

TriMas Price Performance

The company has a market cap of $914.09 million, a price-to-earnings ratio of 35.20 and a beta of 0.67. The company’s 50-day simple moving average is $25.78 and its 200-day simple moving average is $25.57. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44.

TriMas (NASDAQ:TRS) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14). TriMas had a net margin of 2.93% and a return on equity of 9.21%. The firm had revenue of $229.36 million during the quarter, compared to analysts’ expectations of $239.33 million. During the same period in the previous year, the company earned $0.57 earnings per share. The business’s quarterly revenue was down 2.5% on a year-over-year basis. On average, equities research analysts anticipate that TriMas Co. will post 1.69 EPS for the current year.

TriMas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.16 annualized dividend and a yield of 0.71%. TriMas’s dividend payout ratio is presently 25.00%.

Institutional Trading of TriMas

Several institutional investors have recently added to or reduced their stakes in the stock. Aristides Capital LLC bought a new position in TriMas during the second quarter worth $245,000. Intech Investment Management LLC acquired a new position in shares of TriMas in the 3rd quarter valued at about $269,000. Paloma Partners Management Co bought a new stake in shares of TriMas during the 3rd quarter valued at about $293,000. XTX Topco Ltd acquired a new stake in TriMas during the third quarter worth about $371,000. Finally, Algert Global LLC raised its position in shares of TriMas by 4.2% during the 2nd quarter. Algert Global LLC now owns 15,779 shares of the industrial products company’s stock worth $403,000 after purchasing an additional 639 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

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.