TriMas Corporation Declares Quarterly Dividend of $0.04 (NASDAQ:TRS)

TriMas Corporation (NASDAQ:TRS) announced a quarterly dividend on Thursday, February 19th. Stockholders of record on Friday, February 27th will be given a dividend of 0.04 per share by the industrial products company on Friday, March 6th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, February 27th.

TriMas has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TriMas to earn $2.04 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 7.8%.

TriMas Trading Up 2.7%

Shares of TriMas stock traded up $1.01 on Thursday, reaching $38.04. The company had a trading volume of 479,486 shares, compared to its average volume of 420,448. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 35.22 and a beta of 0.57. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.42. The firm’s 50-day moving average price is $35.18 and its two-hundred day moving average price is $35.90. TriMas has a 1 year low of $19.33 and a 1 year high of $40.34.

Analysts Set New Price Targets

Several research firms have commented on TRS. KeyCorp dropped their price objective on shares of TriMas from $45.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. BWS Financial reaffirmed a “buy” rating and set a $45.00 price target on shares of TriMas in a research note on Friday, December 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TriMas in a report on Monday, December 29th. Zacks Research downgraded shares of TriMas from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, Wall Street Zen lowered TriMas from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, TriMas currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.

TriMas Company Profile

TriMas Corporation is a diversified industrial company headquartered in Bloomfield Hills, Michigan. Established in 1980, TriMas has built a global reputation for designing and manufacturing specialized products that serve a wide array of end markets. The company operates through multiple segments, each focused on high-demand niches where engineered solutions and rigorous quality standards are essential.

The Packaging segment supplies closures, dispensing systems and related components for the personal care, household chemicals, food and beverage, and pharmaceutical markets.