TRS icon

TriMas Corp

24.11 USD
-0.14
0.58%
At close Feb 6, 4:00 PM EST
After hours
24.11
+0.00
0.00%
1 day
-0.58%
5 days
-2.15%
1 month
4.69%
3 months
-11.81%
6 months
3.97%
Year to date
1.13%
1 year
-1.19%
5 years
-16.52%
10 years
-19.18%
 

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 6,831 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
66%
upside
Avg. target
$40
66%
upside
High target
$40
66%
upside

1 analyst rating

positive
100%
neutral
0%
negative
0%
BWS Financial
Hamed Khorsand
59% 1-year accuracy
102 / 172 met price target
66%upside
$40
Buy
Maintained
23 Jan 2025

Financial journalist opinion

Based on 7 articles about TRS published over the past 30 days

Neutral
Business Wire
6 days ago
TriMas Completes Sale of Its Arrow Engine Business
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced the successful completion of the previously announced sale of its Arrow Engine business, thereby exiting its direct presence in the oil and gas market sector. The sale was finalized with IES Infrastructure Solutions LLC, a division of IES Holdings, Inc. (NASDAQ: IESC), and a provider of electrical and mechanical apparatus services, custom steel fabrication and custom-engineered solutions, including generator enclosur.
TriMas Completes Sale of Its Arrow Engine Business
Positive
Seeking Alpha
1 week ago
TriMas Corporation: This Play Could Have A Strong Catalyst For Upside
TriMas Corporation is a potential special situation investment due to its diverse operations and recent financial underperformance, making it a candidate for significant change. Activist investor Barington Capital Group is pushing for a strategic review, including a potential sale, which could unlock shareholder value. Despite mixed financial results, the company's valuation suggests limited downside and significant upside, especially if management decides to restructure or sell parts of the business.
TriMas Corporation: This Play Could Have A Strong Catalyst For Upside
Neutral
Business Wire
1 week ago
TriMas Packaging Awarded EcoVadis Gold Rating for Sustainability Efforts
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that its TriMas Packaging group has retained the Gold level rating for its Environment, Social and Governance (ESG) initiatives. This achievement places TriMas Packaging's U.S.-based sites, assessed under the name Rieke LLC, in the top 5% of more than 130,000 companies assessed by EcoVadis globally, highlighting the company's commitment to sustainable and responsible business practices. EcoVadis is a globally trusted.
TriMas Packaging Awarded EcoVadis Gold Rating for Sustainability Efforts
Neutral
Business Wire
2 weeks ago
TriMas Packaging Group to Exhibit at Paris Packaging Week and LUXE PACK Los Angeles 2025
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas Packaging, the largest operating group of TriMas (NASDAQ: TRS), is excited to announce its participation in two upcoming trade shows, where the Company will showcase its diverse portfolio of innovative and sustainable dispensing and closure product solutions. TriMas Packaging will be attending the following trade shows: Paris Packaging Week Date: January 28-29th, 2025 Location: Paris Porte de Versailles, Paris, France Booth: #Q62 in the PCD showc.
TriMas Packaging Group to Exhibit at Paris Packaging Week and LUXE PACK Los Angeles 2025
Neutral
Business Wire
3 weeks ago
TriMas Packaging Launches New Recyclable Foaming Pump
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas Packaging, the largest operating group of TriMas (NASDAQ: TRS), today announced that it has added to its breadth of commercially available, fully recyclable, all-plastic dispensers with the launch of a new foaming pump under its patented Singolo™ product line. The new foaming dispenser offers a sustainable alternative to traditional pump designs by incorporating an innovative polymeric spring, replacing a conventional metallic spring, thereby fac.
TriMas Packaging Launches New Recyclable Foaming Pump
Neutral
Reuters
3 weeks 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.
Activist Barington urges manufacturer TriMas to consider sale of company
Neutral
PRNewsWire
3 weeks 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.
BARINGTON CAPITAL GROUP CALLS ON THE BOARD OF DIRECTORS OF TRIMAS CORPORATION TO RETAIN A FINANCIAL ADVISOR TO PURSUE STRATEGIC ALTERNATIVES FOR THE COMPANY
Neutral
Business Wire
1 month 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.
TriMas Announces Leadership Transition Plan
Positive
Zacks Investment Research
2 months 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.
TriMas Enhances Operational Efficiency With Facility Launch in China
Neutral
Business Wire
2 months 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.
TriMas Packaging Unveils New State-of-the-Art Facility in Haining, China
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