William Blair downgraded Trimas from Outperform to Mkt Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/22/2023 | $40.00 | Buy | BWS Financial |
| 10/28/2022 | Outperform → Mkt Perform | William Blair |
TriMas (NASDAQ:TRS) today announced financial results for the fourth quarter and full year ended December 31, 2024. TriMas Highlights Achieved quarterly sales growth of 22.3% within its Aerospace group, contributing to record annual group sales of $294.2 million Reported sales growth within its Packaging group of 8.4% and 10.5% for the quarter and year, respectively Successfully acquired GMT Aerospace and divested its Arrow Engine business, further advancing ongoing portfolio optimization efforts "We finished 2024 with robust organic sales growth within our Packaging and Aerospace groups, and remain confident about the tangible recovery across the key end markets within these
TriMas (NASDAQ:TRS) today announced that TriMas Aerospace's Monogram Aerospace Fasteners™, Allfast Fastening Systems® and Mac Fasteners™ brands have been awarded a multi-year global contract with Airbus, expanding the Company's existing contract scope across all fastener business units and further strengthening TriMas Aerospace's position across the global Airbus supply chain. "We are honored to be a supplier of high-performance fastening solutions to Airbus," said Vitaliy Rusakov, Group President of TriMas Aerospace. "This contract reaffirms our commitment to delivering best-in-class engineered products and advancing manufacturing technologies to meet the evolving needs of the aerospace
TriMas (NASDAQ:TRS) today declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock. The quarterly dividend is payable on March 7, 2025, to shareholders of record as of the close of business on February 28, 2025. 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 3,400 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 serv
4 - TRIMAS CORP (0000842633) (Issuer)
4 - TRIMAS CORP (0000842633) (Issuer)
4 - TRIMAS CORP (0000842633) (Issuer)
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)
SC 13D - TRIMAS CORP (0000842633) (Subject)
SC 13G - TRIMAS CORP (0000842633) (Subject)
SC 13G/A - TRIMAS CORP (0000842633) (Subject)
10-K - TRIMAS CORP (0000842633) (Filer)
8-K - TRIMAS CORP (0000842633) (Filer)
SCHEDULE 13G - TRIMAS CORP (0000842633) (Subject)
TriMas (NASDAQ:TRS) today announced that its Board of Directors has appointed Shawn Sedaghat as a new independent director, effective February 10, 2025. Mr. Sedaghat will serve as a Class III director, and will also serve on the Governance and Nominating Committee. Mr. Sedaghat has more than four decades of global business experience focused on the packaging industry and working with key consumer products companies. With the addition of Mr. Sedaghat, the TriMas Board of Directors now comprises nine directors, eight of whom are independent. TriMas takes a proactive approach to board refreshment and regularly reviews the Board's composition to ensure it has the right mix of expertise and expe
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 (NASDAQ:TRS), announced today that it has sent a letter to Herbert K. Parker, the Chairman of the Board of Directors of TriMas, urging the Board to immediately retain a financial advisor to pursue strategic alternatives for the Company. The full text of Barington's letter to Mr. Parker is available at https://barington.com/trimas About Barington Capital Group, L.P. Barington Capital Group, L.P. is a fundamental, value-oriented activist investment firm establ
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 will remain President and Chief Executive Officer until the earlier of his departure or the appointment of a permanent successor. In connection with this announcement, Mr. Amato will not stand for re-election to the Company's Board of Directors
TriMas (NASDAQ:TRS) today announced financial results for the fourth quarter and full year ended December 31, 2024. TriMas Highlights Achieved quarterly sales growth of 22.3% within its Aerospace group, contributing to record annual group sales of $294.2 million Reported sales growth within its Packaging group of 8.4% and 10.5% for the quarter and year, respectively Successfully acquired GMT Aerospace and divested its Arrow Engine business, further advancing ongoing portfolio optimization efforts "We finished 2024 with robust organic sales growth within our Packaging and Aerospace groups, and remain confident about the tangible recovery across the key end markets within these
TriMas (NASDAQ:TRS) today announced that TriMas Aerospace's Monogram Aerospace Fasteners™, Allfast Fastening Systems® and Mac Fasteners™ brands have been awarded a multi-year global contract with Airbus, expanding the Company's existing contract scope across all fastener business units and further strengthening TriMas Aerospace's position across the global Airbus supply chain. "We are honored to be a supplier of high-performance fastening solutions to Airbus," said Vitaliy Rusakov, Group President of TriMas Aerospace. "This contract reaffirms our commitment to delivering best-in-class engineered products and advancing manufacturing technologies to meet the evolving needs of the aerospace
TriMas (NASDAQ:TRS) today declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock. The quarterly dividend is payable on March 7, 2025, to shareholders of record as of the close of business on February 28, 2025. 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 3,400 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 serv