TriMas Corporation $TRS Shares Purchased by AlphaQuest LLC

AlphaQuest LLC boosted its position in shares of TriMas Corporation (NASDAQ:TRS) by 41,400.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,185 shares of the industrial products company’s stock after acquiring an additional 16,146 shares during the quarter. AlphaQuest LLC’s holdings in TriMas were worth $463,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in TriMas by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,120 shares of the industrial products company’s stock valued at $565,000 after acquiring an additional 1,014 shares during the period. Bank of New York Mellon Corp increased its position in TriMas by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 247,761 shares of the industrial products company’s stock worth $5,805,000 after buying an additional 1,664 shares during the period. First Manhattan CO. LLC. increased its position in TriMas by 0.6% during the first quarter. First Manhattan CO. LLC. now owns 365,637 shares of the industrial products company’s stock worth $8,567,000 after buying an additional 2,100 shares during the period. Ethic Inc. increased its holdings in shares of TriMas by 28.5% in the second quarter. Ethic Inc. now owns 13,598 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 3,015 shares during the period. Finally, US Bancorp DE increased its holdings in shares of TriMas by 54.4% in the first quarter. US Bancorp DE now owns 18,712 shares of the industrial products company’s stock valued at $438,000 after purchasing an additional 6,596 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TRS shares. KeyCorp set a $45.00 target price on TriMas and gave the company an “overweight” rating in a report on Tuesday, August 12th. BWS Financial reissued a “buy” rating and issued a $45.00 target price (up previously from $40.00) on shares of TriMas in a report on Wednesday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of TriMas in a report on Wednesday, October 8th. Finally, Zacks Research raised TriMas from a “hold” rating to a “strong-buy” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $45.00.

TriMas Stock Down 3.0%

TRS opened at $37.89 on Wednesday. The business’s fifty day moving average is $38.28 and its two-hundred day moving average is $31.56. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 2.59. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 41.64 and a beta of 0.62. TriMas Corporation has a one year low of $19.33 and a one year high of $40.34.

TriMas (NASDAQ:TRS) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. TriMas had a return on equity of 11.49% and a net margin of 3.83%.The company had revenue of $269.26 million during the quarter, compared to analysts’ expectations of $262.05 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. TriMas has set its FY 2025 guidance at 2.020-2.120 EPS. Analysts anticipate that TriMas Corporation will post 1.69 EPS for the current fiscal year.

TriMas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, November 6th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 6th. TriMas’s payout ratio is 17.58%.

About TriMas

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. 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, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.