Trimas (TRS) AI Stock Analysis

• Market Cap: $1.28B
• Dividend Yield: 0.45%
• Average Volume (3M): 511.15K
• Price to Earnings (P/E): 11.9
• Beta (1Y): 0.84
• Revenue Growth: 11.83%
• EPS Growth: 67.28%
• Country: US
• Employees: 3,900
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Packaging & Containers
• EPS (TTM): 0.40
• Shares Outstanding: 37,652,600
• 10 Day Avg. Volume: 535,093
• 30 Day Avg. Volume: 511,149
• PEG Ratio: 0.03
• Price to Book (P/B): <0.01
• Price to Sales (P/S): 2.22
• P/FCF Ratio: 20.72
• Enterprise Value/Market Cap: 5.67
• Enterprise Value/Revenue: 7.73
• Enterprise Value/Gross Profit: 33.94
• Enterprise Value/Ebitda: 46.76
• 1Y Price Target: $45.00
• Price Target Upside: 32.20% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 1.37
• Revenue Forecast (FY): $665.51M

• Rating: 61 Neutral
• Price Target: $37.00 ▲(8.70% Upside)
• Action: Reiterated Date: 03/19/26
• Date: Action: Reiterated 03/19/26

Overall score reflects solid valuation and a positive earnings outlook (growth, margin expansion and cost savings), offset by only mid-range underlying financial performance (weaker recent margins and uneven cash conversion) and currently weak technical momentum.

Positive Factors

Aerospace divestiture proceeds

The completed sale delivers a durable, one-time capital infusion (~$1.1–1.2B post-tax planned to be held in interest-bearing accounts) that materially strengthens liquidity, allows debt paydown, strategic M&A, and sustained buybacks — permanently reshaping capital flexibility and funding capacity.

Packaging segment resilience

Packaging provides a steady, higher-margin core business with multi-percent organic growth and mid‑teens margin potential per guidance. Its scale, recurring demand from consumer packaging end markets, and margin improvement targets create a durable earnings and cash-generation base for the refocused company.

Cost savings and margin roadmap

Explicit, quantifiable cost actions combined with operational programs (Lean Six Sigma, management refresh, incentive restructuring) create a sustainable pathway to higher margins and profitability over multiple quarters, addressing structural inefficiencies rather than short-term cuts.

Negative Factors

Weak cash conversion

TriMas has shown inconsistent cash conversion with operating cash flow and FCF frequently well below net income, meaning accounting profits have not reliably translated into cash. That structural cash volatility limits internal funding for capex, M&A, and dividends over time without using sale proceeds.

Underperforming post-divestiture run-rate

The continuing business currently operates at roughly a 12% EBITDA margin, materially below the company's stated target range. Achieving the promised margin uplift requires sustained execution across pricing, mix, and cost actions; until then the run-rate is earnings‑constrained despite improved liquidity.

End-market softness & mix headwinds

Persistent mix weakness and softer demand in key end markets such as food & beverage create structural pressure on near- and medium-term margins. Even with cost actions, recovering favorable mix and end-market volumes may take multiple quarters and adds execution risk to margin targets.

Trimas Business Overview & Revenue Model

Company Description

TriMas Corporation designs, develops, manufactures, and sells products for consumer products, aerospace, and industrial markets worldwide. It operates through three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, flexible spouts, and agricultural closures; polymeric jar products; integrated dispensers; bag-in-box products; aseptic closures; industrial closures and flex spouts; custom injection molded components and devices; various injection molded products; and single-bodied and assembled caps and closures under the Rieke, Taplast, Affaba & Ferrari, Stolz, Omega, and Rapak brands. The Aerospace segment provides fasteners, collars, blind bolts, rivets, ducting, and connectors for air management systems, and machined parts and components to original equipment manufacturers, supply chain distributors, MRO/aftermarket providers, and tier one suppliers; and military and defense aerospace applications and platforms under the Monogram Aerospace Fasteners, Allfast Fastening Systems, Mac Fasteners, TFI Aerospace, RSA Engineered Products, and Martinic Engineering brands. The Specialty Products segment offers steel cylinders for use in the transportation, storage, and dispensing of compressed gases under the Norris Cylinder brand; natural gas powered wellhead engines, compressors, and replacement parts for oil and natural gas production, and other industrial and commercial markets under the Arrow brand; and spare parts for various industrial engines. The company sells its products through a direct sales force, third-party agents, and distributors. TriMas Corporation was incorporated in 1986 and is headquartered in Bloomfield Hills, Michigan.

How the Company Makes Money

TriMas makes money primarily by manufacturing and selling engineered products to business customers, generating revenue when products are shipped/delivered under customer contracts and purchase orders. Its key revenue streams align to its operating segments: (1) Packaging: revenue from dispensing systems and closures used in consumer and industrial packaging (e.g., pumps, sprayers, and related closure solutions). Earnings are driven by product volumes, mix (standard vs. higher-value engineered solutions), and long-term demand from packaged goods and industrial customers. (2) Aerospace: revenue from the sale of aerospace fasteners and engineered components supplied to aircraft OEMs and aftermarket/MRO channels; profitability is influenced by aerospace build rates, aftermarket demand, program qualification/approvals, and the ability to provide high-spec, certified components. (3) Specialty Products: revenue from a portfolio of specialized engineered products (including safety, security, and industrial applications), where performance depends on industrial activity, customer-specific requirements, and product differentiation. Across segments, the company’s earnings are supported by manufacturing scale, pricing and contract terms, raw material and freight costs, and operational efficiency. Information on specific material partnerships or major customer concentration is null.

Trimas Financial Statement Overview

Summary

Mid-range financial quality: leverage appears manageable and post-2020 profitability is positive, but 2024 margins/returns weakened and cash conversion is inconsistent (operating cash flow and free cash flow often below net income). Reliability of the latest annual snapshot is reduced by flagged anomalous 2025 figures in the statements.

Income Statement

Annual results show modest revenue growth in 2023–2024 (~1% to ~4%), but profitability has weakened versus prior years: net margin fell from ~7.5% (2022) to ~2.6% (2024) and operating margins also compressed. The 2020 loss stands out as a prior-cycle weakness. The 2025 annual figures appear highly inconsistent versus the rest of the history (orders-of-magnitude jump and an EBIT margin shown as 0%), which reduces confidence in the latest-year signal.

Balance Sheet

Leverage looks manageable in the core historical period, with debt-to-equity mostly in the ~0.65–0.71 range (2020–2024), suggesting a balanced capital structure for the industry. Returns on equity improved from negative in 2020 to positive thereafter, but remain relatively modest in 2024 (~3.6%), reflecting the earnings pressure. The 2025 annual balance sheet values are also unusually large versus prior years, so the trend signal is best read from 2020–2024.

Cash Flow

Cash generation has been volatile. Operating cash flow coverage (operating cash flow relative to net income) is consistently below 1.0 across 2021–2024 (~0.40–0.87), and free cash flow relative to net income is also generally low (notably ~0.20 in 2024), indicating profits are not translating cleanly into cash. Free cash flow declined sharply in 2024 (negative growth), following a stronger 2021 and a rebound in 2023.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	645.72M	925.01M	893.55M	883.83M	857.11M
Gross Profit	138.16M	185.35M	194.86M	194.31M	202.43M
EBITDA	99.32M	114.52M	124.10M	155.00M	137.07M
Net Income	120.14M	24.25M	40.36M	66.17M	57.31M
Balance Sheet
Total Assets	1.49T	1.32B	1.34B	1.30B	1.30B
Cash, Cash Equivalents and Short-Term Investments	30.02B	23.07M	34.89M	112.09M	140.74M
Total Debt	35.91B	442.84M	443.25M	444.02M	445.72M
Total Liabilities	779.49B	656.88M	658.71M	653.17M	672.79M
Stockholders Equity	705.59B	667.30M	682.95M	651.83M	630.85M
Cash Flow
Free Cash Flow	69.10M	12.82M	33.97M	26.61M	89.16M
Operating Cash Flow	117.45M	63.78M	88.16M	72.57M	134.22M
Investing Cash Flow	-64.05M	-46.96M	-134.42M	-55.04M	-79.18M
Financing Cash Flow	-46.45M	-28.64M	-30.94M	-46.18M	11.75M

Trimas Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 34.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRS, the sentiment is Negative. The current price of 34.04 is below the 20-day moving average (MA) of 36.68, below the 50-day MA of 35.82, and below the 200-day MA of 34.60, indicating a bearish trend. The MACD of -0.52 indicates Positive momentum. The RSI at 38.02 is Neutral, neither overbought nor oversold. The STOCH value of 10.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TRS.

Trimas Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SON	71 Outperform	$5.00B	10.96	32.44%	4.33%	8.31%	-99.39%
MYE	64 Neutral	$742.08M	20.03	12.22%	2.80%	0.26%	78.05%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
TRS	61 Neutral	$1.28B	11.92	0.07%	0.45%	11.83%	67.28%
SEE	60 Neutral	$6.17B	12.04	48.39%	1.94%	-1.22%	-0.76%
AMBP	57 Neutral	$2.34B	-38.25	-2.78%	9.90%	10.34%	87.86%
OI	49 Neutral	$1.50B	-17.57	-10.38%	―	-2.82%	65.31%

Trimas Corporate Events

TriMas Completes Aerospace Divestiture to Refocus on Packaging

On March 16, 2026, TriMas completed the divestiture of its TriMas Aerospace business to PennAero, a portfolio company of Tinicum L.P. and funds managed by Blackstone Inc., for approximately $1.45 billion in cash, generating an estimated $1.2 billion in net after‑tax proceeds. The sale, which followed a strategic review launched on February 10, 2025 and an initial deal announcement on November 4, 2025, sharpens TriMas’ focus on its packaging and specialty products platform, enhances financial flexibility for organic investments, acquisitions and share repurchases, and includes a reimbursed transition services agreement to support the aerospace unit’s handover.

TriMas characterized the divestiture as a key milestone in its ongoing transformation toward a more customer‑centric, growth‑oriented portfolio, particularly in attractive packaging and life sciences markets. Management highlighted that the transaction is expected to strengthen long‑term growth prospects and capital deployment options for remaining stakeholders, while positioning the former aerospace unit for its next phase of expansion under new ownership, supported by prior performance improvements and operational discipline by its leadership team.

The most recent analyst rating on (TRS) stock is a Buy with a $39.00 price target. To see the full list of analyst forecasts on Trimas stock, see the TRS Stock Forecast page.

TriMas Announces Executive Officer Jill Stress’s Planned Departure

TriMas Corporation announced on March 9, 2026, that named executive officer Jill S. Stress will depart the company effective March 27, 2026. In connection with her departure, she is expected to receive severance and equity-related benefits under the company’s existing executive severance policy, contingent on her signing a customary release of claims at the end of her employment.

The move reflects TriMas’ adherence to established executive transition arrangements, providing clarity on the financial and legal framework governing Ms. Stress’ exit. While the release does not detail succession plans or strategic changes, the structured severance process helps maintain governance consistency and offers transparency for stakeholders regarding executive-level departures.

The most recent analyst rating on (TRS) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on Trimas stock, see the TRS Stock Forecast page.

TriMas Announces Planned Board Transition as Director Departs

On February 26, 2026, TriMas Corporation announced that director Teresa M. Finley informed the board she will not stand for re-election at the company’s annual meeting of shareholders, expected around May 20, 2026. The company stated that Finley’s decision is not related to any disagreement regarding TriMas’ operations, policies, or practices, suggesting an orderly and non-contentious board transition.

The announcement indicates routine board refreshment at TriMas, rather than signaling governance disputes or strategic conflict. Stakeholders are likely to view the move as a standard succession step, with limited immediate impact on the company’s operations or strategic direction, given the explicit clarification that no underlying disagreements prompted her decision.

The most recent analyst rating on (TRS) stock is a Buy with a $44.00 price target. To see the full list of analyst forecasts on Trimas stock, see the TRS Stock Forecast page.