Daniel P. Tredwell, a director at Trimas Corp (NASDAQ:TRS), recently acquired 5,000 shares of the company’s common stock. The transaction, which took place on February 28, 2025, was executed at a price of $20.67 per share, resulting in a total purchase value of $103,350. The purchase price sits slightly below InvestingPro’s Fair Value estimate, with analyst targets ranging from $28.23 to $40.00. Following this acquisition, Tredwell holds a total of 56,012.603 shares directly. Additionally, there are 7,500 shares indirectly owned by his spouse. Trimas Corp, headquartered in Bloomfield Hills, Michigan, operates in the metal forging and stampings industry. With a market capitalization of $831.55 million and a strong current ratio of 2.68, the company maintains solid liquidity. InvestingPro analysis reveals 8 additional key insights about TRS’s insider trading patterns and financial health. Access the full Pro Research Report for comprehensive analysis of what matters most about TRS stock.
In other recent news, TriMas Corp . reported fourth-quarter earnings that exceeded analyst expectations, posting an adjusted earnings per share of $0.43, compared to the consensus estimate of $0.39. The company’s revenue for the quarter rose 8.8% year-over-year to $228.1 million, surpassing the expected $222.08 million. TriMas experienced notable growth in its Aerospace and Packaging (NYSE:PKG) segments, with Aerospace sales increasing by 22.3% to $78.3 million and Packaging sales rising 8.4% to $123.1 million. However, the Specialty Products segment saw a decline of 16.8% in sales, totaling $26.6 million. For the full year 2024, TriMas achieved an adjusted EPS of $1.65 on revenue of $925 million, marking a 3.5% increase from 2023. Despite these positive results, the company provided guidance for 2025 that fell short of analyst expectations, forecasting a full-year adjusted EPS between $1.70 and $1.85, below the consensus of $2.01. TriMas anticipates a 4% to 6% increase in sales for 2025 compared to 2024. The company also repurchased 771,067 shares for $19.3 million in 2024 and maintained a quarterly dividend of $0.04 per share.
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