TriMas CorpTRS
TRS
About: TriMas Corp is a United States-based company that designs, manufactures, and distributes engineered and applied products. The company operates through three segments namely: The packaging segment manufactures and distributes closure and dispensing systems. The aerospace segment supplies blind bolts, fasteners, rivets, and other products for the aerospace industry. The specialty product segment manufactures and distributes steel cylinders, wellhead engines, compression systems, industrial sealing, and fasteners.
Employees: 3,400
0
Funds holding %
of 6,814 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
787% more call options, than puts
Call options by funds: $541K | Put options by funds: $61K
0% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]
2% less capital invested
Capital invested by funds: $1.01B [Q2] → $989M (-$22.1M) [Q3]
1.89% less ownership
Funds ownership: 97.09% [Q2] → 95.2% (-1.89%) [Q3]
7% less funds holding
Funds holding: 161 [Q2] → 149 (-12) [Q3]
31% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 62
37% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 27
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$40
76%
upside
Avg. target
$40
76%
upside
High target
$40
76%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
BWS Financial Hamed Khorsand 63% 1-year accuracy 102 / 163 met price target | 76%upside $40 | Buy Maintained | 5 Nov 2024 |
Financial journalist opinion
Based on 3 articles about TRS published over the past 30 days
Neutral
Reuters
2 days ago
Activist Barington urges manufacturer TriMas to consider sale of company
Activist investor Barington Capital Group wants TriMas to launch a strategic review of options, including the possible sale of the entire company, arguing in a letter that hiring a financial adviser is a higher priority than finding a new CEO.
Neutral
PRNewsWire
2 days ago
BARINGTON CAPITAL GROUP CALLS ON THE BOARD OF DIRECTORS OF TRIMAS CORPORATION TO RETAIN A FINANCIAL ADVISOR TO PURSUE STRATEGIC ALTERNATIVES FOR THE COMPANY
Believes Now is the Optimal Time Given the Contemplated CEO Transition NEW YORK , Jan. 10, 2025 /PRNewswire/ -- Barington Capital Group, L.P., which together with its affiliates collectively owns approximately 1.5% of TriMas Corporation (NasdaqGS: TRS), announced today that it has sent a letter to Herbert K.
Neutral
Business Wire
6 days ago
TriMas Announces Leadership Transition Plan
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that the Board of Directors and Thomas Amato have agreed that Mr. Amato will transition from the role of President and Chief Executive Officer. The Board has initiated a comprehensive search process with the assistance of Spencer Stuart, a nationally-recognized executive search firm, to identify a successor. To ensure a smooth leadership transition, Mr. Amato will remain with the Company through June 30, 2025, and wi.
Positive
Zacks Investment Research
1 month ago
TriMas Enhances Operational Efficiency With Facility Launch in China
TRS inaugurates a 225,000-square-foot facility in Haining for TriMas Packaging to offer customers high-quality packaging solutions.
Neutral
Business Wire
1 month ago
TriMas Packaging Unveils New State-of-the-Art Facility in Haining, China
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced the launch of its new, state-of-the-art, 225,000 square foot facility for its TriMas Packaging group in Haining, China. This milestone follows last year's decision to rationalize two manufacturing facilities into one new facility. TriMas exited both its Hangzhou, China, and older Haining, China facilities, consolidating them into a single, new facility in Haining with advanced capabilities to better serve customers a.
Neutral
Business Wire
1 month ago
TriMas Announces Winner of Its Annual Kaizen Challenge
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced the winner of its 2024 TriMas Kaizen Challenge. The winning project was submitted by a dedicated team at Allfast Fastening Systems, part of the TriMas Aerospace group and based in the City of Industry, California. Allfast's Kaizen project focused on improving aerospace customers' quoting experiences by streamlining the ordering process and implementing a new interactive customer portal. TriMas implemented its annual,.
Positive
Zacks Investment Research
2 months ago
TriMas Shares Rise 10% Despite Q3 Earnings Missing Estimates
TRS' Q3 top line reflects growth in packaging and aerospace product lines, offset by lower market demand in the Specialty Products segment.
Neutral
Seeking Alpha
2 months ago
TriMas Corporation (TRS) Q3 2024 Earnings Call Transcript
TriMas Corporation (TRS) Q3 2024 Earnings Call Transcript
Negative
Zacks Investment Research
2 months ago
TriMas (TRS) Lags Q3 Earnings and Revenue Estimates
TriMas (TRS) came out with quarterly earnings of $0.43 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.57 per share a year ago.
Neutral
Business Wire
2 months ago
TriMas Reports Third Quarter 2024 Results
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced financial results for the third quarter ended September 30, 2024. TriMas Third Quarter Highlights Achieved core sales growth within its Packaging and Aerospace segments of 12.3% and 4.8%, respectively Continued to experience sales recovery in the beauty & personal care and industrial packaging end markets, which were impacted most in 2023 Resolved 10-week work stoppage at one of its Aerospace locations, which imp.
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