Trimas Corporation (NASDAQ: TRS) is 11.37% higher on its value in year-to-date trading and has touched a low of $22.45 and a high of $28.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TRS stock was last observed hovering at around $28.00 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $28.21, the stock is 10.13% and 13.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 0.75% at the moment leaves the stock 10.76% off its SMA200. TRS registered 17.05% gain for a year compared to 6-month gain of 12.66%. The firm has a 50-day simple moving average (SMA 50) of $24.8512 and a 200-day simple moving average (SMA200) of $25.4543.
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The stock witnessed a 10.98% loss in the last 1 month and extending the period to 3 months gives it a 4.95%, and is 11.90% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.05% over the week and 2.80% over the month.
Trimas Corporation (TRS) has around 3400 employees, a market worth around $1.15B and $912.50M in sales. Current P/E ratio is 28.85 and Fwd P/E is 15.50. Profit margin for the company is 4.44%. Distance from 52-week low is 25.66% and 0.36% from its 52-week high. The company has generated returns on investments over the last 12 months (3.56%).
The EPS is expected to shrink by -1.95% this year
241.0 institutions hold shares in Trimas Corporation (TRS), with institutional investors hold 109.21% of the company’s shares. The shares outstanding are 41.20M, and float is at 37.96M with Short Float at 5.61%. Institutions hold 102.15% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 4.2 million shares valued at $107.46 million. The investor’s holdings represent 10.2501 of the TRS Shares outstanding. As of 2024-06-30, the second largest holder is FIDUCIARY MANAGEMENT INC /WI/ with 3.19 million shares valued at $81.63 million to account for 7.7862 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.13 million shares representing 7.637 and valued at over $80.07 million, while ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC holds 7.5419 of the shares totaling 3.09 million with a market value of $79.07 million.
Trimas Corporation (TRS) Insider Activity
The most recent transaction is an insider purchase by Tredwell Daniel P, the company’s Director. SEC filings show that Tredwell Daniel P bought 92 shares of the company’s common stock on Aug 12 ’24 at a price of $23.71 per share for a total of $2171.0. Following the purchase, the insider now owns 50934.0 shares.
Trimas Corporation disclosed in a document filed with the SEC on May 21 ’24 that Mell Scott A (Chief Financial Officer) sold a total of 1,500 shares of the company’s common stock. The trade occurred on May 21 ’24 and was made at $27.30 per share for $40942.0. Following the transaction, the insider now directly holds 31923.0 shares of the TRS stock.
Still, SEC filings show that on May 10 ’24, Tredwell Daniel P (Director) acquired 81 shares at an average price of $26.80 for $2168.0. The insider now directly holds 50,842 shares of Trimas Corporation (TRS).
