22,211 Shares in TriMas Corporation $TRS Bought by Atria Investments Inc

Atria Investments Inc purchased a new stake in shares of TriMas Corporation (NASDAQ:TRS) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 22,211 shares of the industrial products company’s stock, valued at approximately $635,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRS. Apexium Financial LP purchased a new position in shares of TriMas during the 2nd quarter valued at about $243,000. Comerica Bank increased its holdings in TriMas by 214.5% in the 1st quarter. Comerica Bank now owns 11,119 shares of the industrial products company’s stock worth $261,000 after acquiring an additional 7,584 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in TriMas during the 2nd quarter worth approximately $292,000. Ancora Advisors LLC purchased a new position in TriMas during the first quarter valued at approximately $351,000. Finally, Ethic Inc. boosted its position 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 worth $386,000 after purchasing an additional 3,015 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on TRS. Weiss Ratings restated a “hold (c)” rating on shares of TriMas in a research report on Wednesday, October 8th. BWS Financial reiterated a “buy” rating and issued a $45.00 price target on shares of TriMas in a research note on Friday, October 31st. KeyCorp set a $45.00 price objective on TriMas and gave the company an “overweight” rating in a research report on Tuesday, August 12th. Finally, Zacks Research raised TriMas from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 29th. One investment 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 company. According to MarketBeat.com, TriMas currently has a consensus rating of “Buy” and a consensus target price of $45.00.

TriMas Trading Down 2.0%

Shares of TriMas stock opened at $31.16 on Monday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 28.85 and a beta of 0.64. The business has a 50-day moving average price of $37.63 and a 200-day moving average price of $32.40. The company has a quick ratio of 1.44, a current ratio of 2.68 and a debt-to-equity ratio of 0.56. TriMas Corporation has a twelve month low of $19.33 and a twelve month high of $40.34.

TriMas (NASDAQ:TRS) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $269.26 million for the quarter, compared to the consensus estimate of $262.05 million. TriMas had a return on equity of 12.39% and a net margin of 4.35%.The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share. TriMas has set its FY 2025 guidance at 2.020-2.120 EPS. Equities research analysts anticipate that TriMas Corporation will post 1.69 EPS for the current fiscal year.

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, November 6th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, November 6th. TriMas’s dividend payout ratio is currently 14.81%.

TriMas Profile

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.