BWS Financial Maintains Buy on TriMas, Maintains $40 Price Target
$TRS
Industrial Specialties
Industrials
BWS Financial analyst Hamed Khorsand maintains TriMas (NASDAQ:TRS) with a Buy and maintains $40 price target.
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/22/2023 | $40.00 | Buy | BWS Financial |
| 10/28/2022 | Outperform → Mkt Perform | William Blair |
Internal Competition Drives the Company's Continuous Improvement Culture 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, enterprise-wide Kaizen Challenge, a core component of its TriMas Business Model, to promote its relentless commitment to continuous improvement. Since its introducti
Continued Organic Sales Growth in its Two Largest Segments 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 impacted the quarter Reduced net shares outstanding by approximately 1.6% year-to-date through common stock repurchases "While we are pleased with the core sales growth in our two
TriMas Packaging, the largest operating group within TriMas (NASDAQ:TRS), will showcase its latest beauty and cosmetic packaging innovations at Beautyworld Middle East 2024, held at the Dubai World Trade Centre, Booth #3-H19, from October 28th to 30th. As the region's premier international trade fair for beauty and wellness products, fragrances and beauty accessories—and one of the leading beauty shows worldwide—Beautyworld Middle East provides TriMas Packaging, and its market-leading brands, consisting of Rieke®, Aarts Packaging, Affaba & Ferrari™, Taplast™ and Rapak®, the perfect platform to present their latest advancements and sustainable solutions for the beauty, cosmetic and personal
Continued Organic Sales Growth in its Two Largest Segments 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 impacted the quarter Reduced net shares outstanding by approximately 1.6% year-to-date through common stock repurchases "While we are pleased with the core sales growth in our two
TriMas (NASDAQ:TRS) today declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock. The quarterly dividend is payable on November 12, 2024, to shareholders of record as of the close of business on November 5, 2024. About TriMas TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,500 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets s
TriMas (NASDAQ:TRS) announced today that it will host its third quarter 2024 earnings conference call on Monday, November 4, 2024. The conference call will begin at 10 a.m. Eastern Time and will follow the Company's release of third quarter 2024 earnings results at 8 a.m. that day. To participate on the earnings conference call, please dial: (877) 407-0890 (U.S. and Canada) or +1 (201) 389-0918 (outside the U.S. and Canada) and ask to be connected to the TriMas third quarter 2024 earnings conference call. The conference call will also be simultaneously webcast via TriMas' website at www.trimas.com, under the "Investors" section, with an accompanying slide presentation. If you are unable t
10-Q - TRIMAS CORP (0000842633) (Filer)
8-K - TRIMAS CORP (0000842633) (Filer)
10-Q - TRIMAS CORP (0000842633) (Filer)
SC 13D - TRIMAS CORP (0000842633) (Subject)
SC 13G - TRIMAS CORP (0000842633) (Subject)
SC 13G/A - TRIMAS CORP (0000842633) (Subject)
BWS Financial initiated coverage of Trimas with a rating of Buy and set a new price target of $40.00
William Blair downgraded Trimas from Outperform to Mkt Perform
4 - TRIMAS CORP (0000842633) (Issuer)
4 - TRIMAS CORP (0000842633) (Issuer)
4 - TRIMAS CORP (0000842633) (Issuer)
4 - TRIMAS CORP (0000842633) (Issuer)
4 - TRIMAS CORP (0000842633) (Issuer)
4 - TRIMAS CORP (0000842633) (Issuer)
Although U.S. stocks closed mixed on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. American Homes 4 Rent The Trade: American Homes 4 Rent (NYSE:AMH) Director Jack E Corrigan acquired a total of 10,000 shar
BWS Financial analyst Hamed Khorsand maintains TriMas (NASDAQ:TRS) with a Buy and maintains $40 price target.
Outlook The Company reaffirms its full year 2024 outlook provided on February 29, 2024. The Company expects full year 2024 adjusted diluted earnings per share(2) to be between $1.95 to $2.15 per share. "As we begin the second quarter, we anticipate a continued gradual recovery in the consumer goods and industrial markets served by TriMas' Packaging group. We also expect that demand in the aerospace and defense end market will continue to remain robust through 2024. The anticipated better than originally planned performance within our TriMas Packaging and TriMas Aerospace groups is expected to overcome any softer demand within the Specialty Products businesses for the year," commented Amato
TriMas (NASDAQ:TRS) today announced the appointment of William "Bill" Carrigan to the position of Allfast Fastening Systems General Manager, effective December 1, 2023. He will report directly to Vitaliy Rusakov, recently hired as President of TriMas Aerospace. Carrigan has a proven record of success in elevating performance within the aerospace fastener sector. He has held operating positions of increasing responsibility at leading aerospace companies, including Howmet Aerospace, previously a division of Arconic and Alcoa, and Consolidated Aerospace Manufacturing. Throughout his career, Carrigan has consistently driven revenue growth and performance improvement, while committed to operat
TriMas (NASDAQ:TRS) today announced the appointment of Vitaliy Rusakov as President of TriMas Aerospace, effective November 13, 2023. He will report directly to TriMas President and Chief Executive Officer Thomas Amato. Rusakov is a proven aerospace industry veteran, with more than 25 years of experience leading global manufacturing businesses in the aerospace, commercial transportation and related sectors. In his most recent role, Rusakov worked at Howmet Aerospace, formerly a division of Arconic and Alcoa, where he served as President of Howmet's Fastening Systems business. Prior to this role, he held the position of Chief Operating Officer, Engineered Products and Solutions Group at Ar
TriMas (NASDAQ:TRS) today announced that its Board of Directors has appointed Jeffrey Fielkow as a new director, effective March 8, 2023. Mr. Fielkow has over three decades of global business experience, coupled with extensive executive leadership skills in the packaging industry, as well as an emphasis on sustainability. With the appointment of Mr. Fielkow, who will also initially serve on the Governance and Nominating Committee, TriMas' Board of Directors will consist of nine directors, eight of whom are independent. "We are pleased to welcome Jeffrey Fielkow to the TriMas Board," said Thomas A. Amato, TriMas' President and Chief Executive Officer. "Jeff has a proven track record of succ