TriMas Corporation Buyback
OLI recorded this information on 11/10/2015
Company:
TriMas Corporation
Buyback:
TRS buyback
$Amount Authorized:
$50,000,000
Buyback Details:
TriMas Corporation (NASDAQ:TRS) - a diversified global manufacturer of engineered and applied products - announced today that its Board of Directors has authorized a share repurchase program that enables the Company to purchase up to $50 million of its outstanding common stock.
TriMas manufactures and provides products for customers in the consumer products, aerospace and industrial end markets. Co.'s reportable segments are: Packaging, which develops and manufactures a range of dispensing products, polymeric and steel caps and closures, polymeric jar products, and dispensers for fill-ready bag-in-box applications; Aerospace, which develops, qualifies and manufactures tubular products and assemblies for fluid conveyance, and machined products and assemblies to serve the aerospace and defense market; and Specialty Products, which designs, manufactures and distributes steel cylinders, wellhead engines and compression systems for use within industrial markets.
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Hold (2.50 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: TRS Stock Forecast Based on Zacks ABR data; powered by Xignite |