60,000 Shares in TriMas Corporation $TRS Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC bought a new position in shares of TriMas Corporation (NASDAQ:TRS) in the third quarter, Holdings Channel reports. The fund bought 60,000 shares of the industrial products company’s stock, valued at approximately $2,318,000.

Several other institutional investors also recently modified their holdings of TRS. Ophir Asset Management Pty Ltd bought a new stake in shares of TriMas during the 2nd quarter worth $7,261,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of TriMas by 197.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 249,929 shares of the industrial products company’s stock valued at $7,150,000 after purchasing an additional 165,925 shares during the last quarter. Icon Advisers Inc. Co. acquired a new position in shares of TriMas in the 2nd quarter valued at $4,005,000. Loomis Sayles & Co. L P boosted its position in shares of TriMas by 42.5% in the 2nd quarter. Loomis Sayles & Co. L P now owns 396,533 shares of the industrial products company’s stock valued at $11,345,000 after purchasing an additional 118,313 shares during the period. Finally, Lazard Asset Management LLC increased its stake in TriMas by 4,559.3% in the 2nd quarter. Lazard Asset Management LLC now owns 101,154 shares of the industrial products company’s stock worth $2,894,000 after purchasing an additional 98,983 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

Analysts Set New Price Targets

TRS has been the subject of a number of analyst reports. KeyCorp reduced their price objective on shares of TriMas from $45.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Weiss Ratings restated a “hold (c+)” rating on shares of TriMas in a research report on Monday, December 29th. Wall Street Zen cut shares of TriMas from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Zacks Research downgraded shares of TriMas from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $45.00 target price on shares of TriMas in a research report on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, TriMas has an average rating of “Moderate Buy” and a consensus price target of $41.50.

TriMas Stock Down 0.5%

TriMas stock opened at $34.72 on Friday. TriMas Corporation has a twelve month low of $19.33 and a twelve month high of $40.34. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 2.68. The firm has a market cap of $1.41 billion, a PE ratio of 32.15 and a beta of 0.57. The firm’s 50 day moving average price is $34.05 and its two-hundred day moving average price is $35.20.

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

TriMas Announces Dividend

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

Insider Activity at TriMas

In other news, Director Jeffrey A. Fielkow purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was acquired at an average price of $31.46 per share, with a total value of $62,920.00. Following the purchase, the director owned 17,653 shares in the company, valued at $555,363.38. This represents a 12.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 14.20% of the company’s stock.

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.