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 segments are: Packaging, which consists primarily of the Rieke®, Taplast and Stolz brands, develops and manufactures dispensing products, polymeric and steel caps and closures, and polymeric jar products; Aerospace, which includes the Mac Fasteners™ brand, develops, qualifies and manufactures precision fasteners and machined products to serve the aerospace market; and Specialty Products, which includes the Norris Cylinder™ brand, designs, manufactures and distributes steel cylinders, machined metallic components, and wellhead engines and compression systems.
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Avg. Broker Rec.
 
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Buy (3.00 out of 4) 16th percentile
(ranked lower than approx. 84% of all stocks covered)
Analysts' Target Price: TRS Stock Forecast Based on Zacks ABR data; powered by Xignite |
