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Trimas corp director Tredwell buys shares worth $2,177

Published 10/03/2025, 22:36
Trimas corp director Tredwell buys shares worth $2,177
TRS
-1.04%

In a recent transaction, Daniel P. Tredwell, a director at Trimas Corp (NASDAQ:TRS), acquired shares of the company, according to a filing with the Securities and Exchange Commission. On March 6, Tredwell purchased approximately 96 shares of Trimas Corp at an average price of $22.776 per share. This transaction amounted to a total value of $2,177. The purchase comes as InvestingPro data shows management has been actively buying back shares, with the stock currently trading at $24.15, representing a 15.7% return over the past week.

Following this acquisition, Tredwell holds a direct ownership of 56,108 shares in the company. Additionally, there are 7,500 shares held indirectly by his spouse. This filing highlights Tredwell’s continued investment in Trimas Corp, a company known for its operations in the metal forging and stampings industry.

In other recent news, TriMas Corp . reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $0.43 compared to the consensus of $0.39. The company’s revenue also surpassed forecasts, rising 8.8% year-over-year to $228.1 million, against expectations of $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 up by 8.4% to $123.1 million. However, Specialty Products sales saw a decline of 16.8% to $26.6 million. For the full year 2024, TriMas reported adjusted earnings per share of $1.65 on revenue of $925 million, marking a 3.5% increase from the previous year. Looking forward, the company anticipates 2025 sales to grow between 4% and 6% compared to 2024, but its forecasted full-year 2025 adjusted earnings per share of $1.70 to $1.85 fell short of the analyst consensus of $2.01. TriMas repurchased 771,067 shares for $19.3 million in 2024 and maintained a quarterly dividend of $0.04 per share.

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