On December 11, 2023, Barington Capital Group, L.P. announced that it is urging TriMas Corporation to focus on its packaging business and divest non-core assets because its multi-segment business model isn't delivering value to shareholders. Barington Capital contends that the Company?s aerospace unit, which product fasteners and bolts for aircraft, is a long-term disadvantage because it remains subscale relative to rivals even though it has recovered from the coronavirus pandemic slump. Barington Capital?s Chief Executive Officer James Mitarotonda stated that the Company should improve its margins for the segment and sell it in 2025.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
26.48 USD | +2.12% | +1.61% | +4.54% |
Apr. 23 | TriMas Maintains Quarterly Dividend of $0.04 per Share, Payable May 14 to Shareholders of Record as of May 7 | MT |
Apr. 23 | TriMas Declares Quarterly Cash Dividend, Payable on May 14, 2024 | CI |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+4.54% | 1.08B | |
+21.35% | 21.97B | |
+8.34% | 17.64B | |
-12.49% | 9.62B | |
+19.15% | 9.29B | |
+3.78% | 5.01B | |
-13.09% | 4.62B | |
+12.87% | 2.98B | |
-5.60% | 2.96B | |
+13.27% | 2.78B |
- Stock Market
- Equities
- TRS Stock
- News TriMas Corporation
- Barington Capital Group Discloses its Views on TriMas Corporation