TriMas Corporation Sees 1400 Share Increase in Trading Volume from Diversified Trust Co.

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TRIMAS ($NASDAQ:TRS): In the Packaging segment, TriMas produces plastic containers, closures, aerosol components, and metal components for the consumer goods industry. The Aerospace segment produces specialty fasteners, metal components, and other related products for the aerospace and defense industries. Lastly, the Energy segment produces specialized products in a range of energy-related industries, including oil & gas, mining, agriculture and marine. TriMas has a strong commitment to innovation and customer service.

The company’s goal is to improve product design and manufacturing processes, while delivering high-quality products on time and at competitive prices. TriMas’s commitment to customer satisfaction has resulted in strong growth and profitability for the company.

Price History

The stock opened at $27.2 and closed at the same price, representing a 0.6% increase from its prior closing price of $27.0. This illustrates a strong confidence in the company’s prospects and is likely to further bolster investor confidence in the stock. It has seen consistent growth over the past few years, and this latest development is likely to be met with enthusiasm by investors. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Trimas Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Trimas Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Trimas Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Trimas Corporation are shown below. More…

Analysis

GoodWhale has conducted an analysis of TRIMAS CORPORATION‘s wellbeing. Based on our Risk Rating, TRIMAS CORPORATION is a medium risk investment in terms of financial and business aspects. We have detected one risk warning in the company’s balance sheet. To view this warning, please register on our website at goodwhale.com. GoodWhale can provide you with a more detailed assessment of the company’s financial situation, as well as identify any potential risks. If you are considering investing into TRIMAS CORPORATION, we strongly encourage you to visit our website and to review the analysis we have conducted. More…

Peers

The company competes with other companies in the same industry, such as Altra Industrial Motion Corp, Cummins Inc, and EnPro Industries Inc.

– Altra Industrial Motion Corp ($NASDAQ:AIMC)

Altra Industrial Motion Corp is a global designer, producer and marketer of a range of mechanical power transmission products. The company’s products are used in a variety of industries, including food and beverage, material handling, packaging, automotive, aerospace, construction, mining, oil and gas, and others. Altra Industrial Motion Corp has a market cap of 2.43B as of 2022 and a Return on Equity of 3.09%. The company’s products are used in a variety of industries, including food and beverage, material handling, packaging, automotive, aerospace, construction, mining, oil and gas, and others. Altra Industrial Motion Corp is headquartered in Braintree, Massachusetts, and has manufacturing facilities in the United States, Europe, Asia, and South America.

– Cummins Inc ($NYSE:CMI)

Cummins Inc is a company that manufactures engines and other power generation products. As of 2022, the company has a market capitalization of 31.69 billion dollars and a return on equity of 19.85%. The company has a long history dating back to 1919, and it is headquartered in Columbus, Indiana, in the United States. Cummins is a global leader in the design, manufacture, and distribution of engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions, and electrical power generation systems. The company operates in more than 190 countries and territories through a network of approximately 600 company-owned and independent distributors and 6,500 dealers.

– EnPro Industries Inc ($NYSE:NPO)

EnPro Industries Inc is a diversified industrial company with a focus on engineered products and industrial services. The company’s market cap as of 2022 is 2.01B, and its ROE is 11.96%. EnPro operates in three segments: sealing products, industrial products, and services. Sealing products includes gaskets, seals, and packing products for a variety of applications in the automotive, aerospace, and other industries. Industrial products includes bearings, power transmission products, and other products for the industrial and transportation markets. Services includes repair and replacement services for bearings, seals, and other products, as well as technical services.

Summary

TriMas Corporation (NASDAQ:TRS) is a diversified global manufacturer of engineered and structural components, fastening systems, and consumables. It is active in the aerospace, defense, industrial, and consumer industries. Recent investment analysis of TriMas reveals that the company has a strong balance sheet with ample liquidity and good long-term prospects. Its stock is trading at a very attractive valuation, with a price to earnings ratio far below its peers.

The company’s return on invested capital was also very favorable, providing shareholders with an attractive yield. Analysts expect the dividend to remain strong and for the share price to appreciate in the future as the company continues to increase its presence in its core markets.