Wall Street Zen upgraded shares of TriMas (NASDAQ:TRS – Free Report) from a sell rating to a hold rating in a research note released on Saturday morning.
A number of other analysts have also recently weighed in on the stock. Zacks Research raised shares of TriMas from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings cut shares of TriMas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. Finally, BWS Financial reaffirmed a “buy” rating and set a $45.00 price target on shares of TriMas in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.50.
TriMas Price Performance
TriMas (NASDAQ:TRS – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. TriMas had a net margin of 104.22% and a return on equity of 6.41%. The firm had revenue of $174.58 million for the quarter, compared to analyst estimates of $178.44 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. TriMas’s quarterly revenue was down 36.5% on a year-over-year basis. TriMas has set its FY 2026 guidance at 1.600-1.700 EPS. On average, sell-side analysts anticipate that TriMas will post 1.67 EPS for the current year.
TriMas Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, August 6th. TriMas’s dividend payout ratio (DPR) is currently 0.67%.
Insiders Place Their Bets
In other TriMas news, Director Herbert K. Parker sold 15,000 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $45.03, for a total transaction of $675,450.00. Following the completion of the transaction, the director directly owned 57,762 shares of the company’s stock, valued at approximately $2,601,022.86. This trade represents a 20.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is owned by company insiders.
Institutional Trading of TriMas
Several institutional investors and hedge funds have recently added to or reduced their stakes in TRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in TriMas by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,120 shares of the industrial products company’s stock worth $565,000 after buying an additional 1,014 shares in the last quarter. Jane Street Group LLC bought a new position in shares of TriMas in the first quarter valued at $868,000. Jump Financial LLC increased its holdings in shares of TriMas by 80.3% in the second quarter. Jump Financial LLC now owns 72,240 shares of the industrial products company’s stock valued at $2,067,000 after buying an additional 32,172 shares in the last quarter. Sei Investments Co. lifted its position in shares of TriMas by 16.7% during the 2nd quarter. Sei Investments Co. now owns 101,420 shares of the industrial products company’s stock valued at $2,902,000 after acquiring an additional 14,512 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of TriMas by 83.3% during the 2nd quarter. Squarepoint Ops LLC now owns 162,775 shares of the industrial products company’s stock worth $4,657,000 after acquiring an additional 73,960 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.
About TriMas
TriMas Corporation is a diversified industrial company headquartered in Bloomfield Hills, Michigan. Established in 1980, TriMas has built a global reputation for designing and manufacturing specialized products that serve a wide array of end markets. The company operates through multiple segments, each focused on high-demand niches where engineered solutions and rigorous quality standards are essential.
The Packaging segment supplies closures, dispensing systems and related components for the personal care, household chemicals, food and beverage, and pharmaceutical markets.
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