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

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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

Accelerated Organic Sales Growth in its Two Largest Segments TriMas (NASDAQ:TRS) today announced financial results for the second quarter ended June 30, 2024. TriMas Second Quarter Highlights Achieved organic sales growth within its Packaging and Aerospace segments of 13.0% and 27.6%, respectively Increased net sales by 3.1%, as its two largest segments offset decreased demand within Specialty Products Improved adjusted operating profit margin within its Aerospace segment by 730 basis points year-over-year Reduced net shares outstanding by approximately 1.3% year-to-date through common stock repurchases "Overall, our sales growth for the second quarter, as well as on a ye

TriMas' Shares have Underperformed its Peers and the Market Over a Long-Term Period Believes TriMas' Multi-Segment Structure has Done Little to Benefit Stockholders Recommends TriMas Sell its Aerospace Segment or the Entire Company NEW YORK, July 29, 2024 /PRNewswire/ -- Barington Capital Group, L.P. and its affiliates, including The Eastern Company (NASDAQGM:EML) ("Barington" or "we"), which collectively own approximately 1.5% of TriMas Corporation (NASDAQ:TRS) ("TriMas" or the "Company"), announced today that it has sent a letter to the Chairman of the Board of TriMas, Herbert K. Parker, recommending the Company consider a range of alternatives to improve shareholder value. Since the rel

TriMas (NASDAQ:TRS) today declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock. The quarterly dividend is payable on August 13, 2024, to shareholders of record as of the close of business on August 6, 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 ser

TriMas (NASDAQ:TRS) announced today that it will host its second quarter 2024 earnings conference call on Tuesday, July 30, 2024. The conference call will begin at 10 a.m. Eastern Time and will follow the Company's release of second 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 second 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 unabl

Reaffirms Full Year 2024 Guidance TriMas (NASDAQ:TRS) today announced financial results for the first quarter ended March 31, 2024. TriMas First Quarter Highlights Achieved quarterly net sales growth of 5.4% to $227.1 million Increased net sales within TriMas Packaging, its largest segment, by 9.3%, and TriMas Aerospace by 34.7% Diluted EPS was in line with the prior year quarter, and adjusted diluted EPS(2) increased 5.7% to $0.37 Repurchased 540,037 shares of common stock, reducing net shares outstanding by approximately 1.0% "Our overall first quarter results came in as anticipated, with pockets of demand strength as certain of our end markets continued to recover," sa

TriMas (NASDAQ:TRS) today declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock. The quarterly dividend is payable on May 14, 2024, to shareholders of record as of the close of business on May 7, 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 served, a

TriMas (NASDAQ:TRS) announced today that it will host its first quarter 2024 earnings conference call on Tuesday, April 30, 2024. The conference call will begin at 10 a.m. Eastern Time and will follow the Company's release of first 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 first 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

Company Achieves 7.5% Growth in the Packaging Segment in Fourth Quarter TriMas (NASDAQ:TRS) today announced financial results for the fourth quarter and full year ended December 31, 2023. TriMas Highlights Achieved quarterly net sales of $209.6 million, or growth of 3.1%, as compared to the prior year quarter Increased net sales within TriMas' Packaging and Aerospace groups by 7.5% and 26.1%, respectively, as compared to fourth quarter 2022 Initiated a sale process for Arrow Engine, which when completed, would facilitate the Company's exit from the oil and gas end market Delivered an approximate 2.2% return of capital to shareholders through share buybacks and dividends in 2

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

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

TriMas Packaging, the largest division of TriMas (NASDAQ:TRS), will exhibit at LUXE PACK Monaco 2024, at the Grimaldi Forum in the Ravel Hall, at Booth #RD10, from September 30th to October 2nd. As the premier trade show for luxury packaging, LUXE PACK features global packaging manufacturers and their most creative innovations and technologies. TriMas Packaging, and its market-leading brands, consisting of Rieke®, Aarts Packaging, Affaba & Ferrari™, Taplast™ and Rapak®, will be showcasing its latest innovations in packaging design and sustainable product solutions, tailored for the luxury and masstige beauty, cosmetic and personal care end markets. "We are excited to return to LUXE PACK Mo

Accelerated Organic Sales Growth in its Two Largest Segments TriMas (NASDAQ:TRS) today announced financial results for the second quarter ended June 30, 2024. TriMas Second Quarter Highlights Achieved organic sales growth within its Packaging and Aerospace segments of 13.0% and 27.6%, respectively Increased net sales by 3.1%, as its two largest segments offset decreased demand within Specialty Products Improved adjusted operating profit margin within its Aerospace segment by 730 basis points year-over-year Reduced net shares outstanding by approximately 1.3% year-to-date through common stock repurchases "Overall, our sales growth for the second quarter, as well as on a ye

TriMas' Shares have Underperformed its Peers and the Market Over a Long-Term Period Believes TriMas' Multi-Segment Structure has Done Little to Benefit Stockholders Recommends TriMas Sell its Aerospace Segment or the Entire Company NEW YORK, July 29, 2024 /PRNewswire/ -- Barington Capital Group, L.P. and its affiliates, including The Eastern Company (NASDAQGM:EML) ("Barington" or "we"), which collectively own approximately 1.5% of TriMas Corporation (NASDAQ:TRS) ("TriMas" or the "Company"), announced today that it has sent a letter to the Chairman of the Board of TriMas, Herbert K. Parker, recommending the Company consider a range of alternatives to improve shareholder value. Since the rel

TriMas (NASDAQ:TRS) today declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock. The quarterly dividend is payable on August 13, 2024, to shareholders of record as of the close of business on August 6, 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 ser

TriMas (NASDAQ:TRS) announced today that it will host its second quarter 2024 earnings conference call on Tuesday, July 30, 2024. The conference call will begin at 10 a.m. Eastern Time and will follow the Company's release of second 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 second 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 unabl

Reaffirms Full Year 2024 Guidance TriMas (NASDAQ:TRS) today announced financial results for the first quarter ended March 31, 2024. TriMas First Quarter Highlights Achieved quarterly net sales growth of 5.4% to $227.1 million Increased net sales within TriMas Packaging, its largest segment, by 9.3%, and TriMas Aerospace by 34.7% Diluted EPS was in line with the prior year quarter, and adjusted diluted EPS(2) increased 5.7% to $0.37 Repurchased 540,037 shares of common stock, reducing net shares outstanding by approximately 1.0% "Our overall first quarter results came in as anticipated, with pockets of demand strength as certain of our end markets continued to recover," sa

TriMas (NASDAQ:TRS) today announced that its TriMas Packaging group has received a prestigious supplier award from Grupo Boticário. The Silver Award was presented to TriMas Packaging at Grupo Boticário's recent 27th Annual Supplier Conference in Curitiba, Brazil. This is the first time TriMas Packaging, or any of its business lines, has received recognition from Grupo Boticário. "We are honored to receive this recognition from Grupo Boticário, which not only reflects our dedication to innovation but also highlights our focus on exceptional quality, service, technical support and delivery," commented Fabio Salik, TriMas Packaging Group President. "As we further establish ourselves in South

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

TriMas (NASDAQ:TRS) today announced the retirement of Robert (Bob) Zalupski as Chief Financial Officer and Treasurer. In connection with this development, and as part of the Company's succession planning process, TriMas also announced the appointment of Scott Mell as Chief Financial Officer, effective May 1, 2021. He will report to Thomas Amato, TriMas President and Chief Executive Officer. Mr. Zalupski, who has served in finance leadership roles within TriMas for 19 years, and as its Chief Financial Officer since January 2015, joined TriMas in 2002. Over the years, he played a critical role in a number of the Company's strategic and financial business initiatives, which included leading g

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) reported quarterly earnings of $0.37 per share which beat the analyst consensus estimate of $0.34 by 8.82 percent. The company reported quarterly sales of $227.100 million which beat the analyst consensus estimate of $220.599 million by 2.95 percent. This is a 5.40 percent increase over sales of $215.460 million the same period last year.

https://www.trimas.com/news/2024/trimas-announces-update-to-board-of-directors/

TriMas (NASDAQ:TRS) is looking for FY2024 Adj EPS of $1.95-2.15 vs $2.32 analyst estimate. seessales of $938.228 million-965.034 million vs $1.06 billion estimate.

TriMas (NASDAQ:TRS) reported quarterly earnings of $0.37 per share which missed the analyst consensus estimate of $0.53 by 30.19 percent. This is a 40.32 percent decrease over earnings of $0.62 per share from the same period last year. The company reported quarterly sales of $209.56 million which missed the analyst consensus estimate of $246.44 million by 14.96 percent. This is a 3.07 percent increase over sales of $203.31 million the same period last year.

Companies Reporting Before The Bell • Frontline (NYSE:FRO) is expected to report quarterly earnings at $0.46 per share on revenue of $276.19 million. • NB Bancorp (NASDAQ:NBBK) is likely to report earnings for its Fiscal Year 2023. • Verona Pharma (NASDAQ:VRNA) is projected to report quarterly loss at $0.26 per share on revenue of $0. • iHuman (NYSE:IH) is estimated to report earnings for its fourth quarter. • argenx (NASDAQ:ARGX) is estimated to report quarterly loss at $1.71 per share on revenue of $364.75 million. • Titan Intl (NYSE:TWI) is expected to report quarterly earnings at $0.28 per share on revenue of $413.57 million. • Canadian Imperial Bank (NYSE:CM) is projected to repo

Wednesday marks the last chance for investors to receive the next dividend payout from TriMas (NASDAQ:TRS). What's Happening The company announced on Tuesday that it would pay shareholders a quarterly dividend of 4 cents per share. On Thursday, TriMas will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 4 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own TRS as of the end of Wednesday's session are eligible to receive the 4 cents dividend payout for ever

Leveraging Expertise and Innovation of Tethered Caps to Drive SuccessTriMas (NASDAQ:TRS) today announced that its TriMas Packaging group continues to remain at the forefront of innovation, consistently developing new packaging solutions that address customer challenges and improve overall consumer experiences. Through close collaboration with customers and the development of new innovative tethered cap designs, TriMas Packaging continues to win new business awards from both existing and new customers globally.TriMas Packaging group's Affaba & Ferrari™ business continues to actively collaborate with customers in the food and beverage end market in Europe, adding new and innovative solutions t