Oliver Luxxe Assets LLC Purchases 30,807 Shares of TriMas Corporation $TRS

Oliver Luxxe Assets LLC boosted its position in TriMas Corporation (NASDAQ:TRS) by 99.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,720 shares of the industrial products company’s stock after purchasing an additional 30,807 shares during the period. Oliver Luxxe Assets LLC’s holdings in TriMas were worth $2,188,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TRS. Tudor Investment Corp ET AL purchased a new stake in shares of TriMas during the 3rd quarter valued at about $9,419,000. Hudson Bay Capital Management LP purchased a new position in shares of TriMas in the third quarter worth approximately $2,916,000. CIBC Bancorp USA Inc. purchased a new position in shares of TriMas in the third quarter worth approximately $1,595,000. Coldstream Capital Management Inc. bought a new stake in TriMas during the third quarter valued at approximately $467,000. Finally, PharVision Advisers LLC bought a new stake in TriMas during the third quarter valued at approximately $207,000. 99.42% of the stock is currently owned by institutional investors.

TriMas Price Performance

NASDAQ TRS opened at $34.04 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.93 and a debt-to-equity ratio of 0.66. TriMas Corporation has a 12 month low of $19.45 and a 12 month high of $42.00. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 11.46 and a beta of 0.55. The company’s 50 day moving average is $35.87 and its two-hundred day moving average is $35.85.

TriMas (NASDAQ:TRS) last posted its quarterly earnings results on Thursday, February 26th. The industrial products company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The firm had revenue of ($139.97) million during the quarter, compared to the consensus estimate of $192.96 million. TriMas had a return on equity of 12.04% and a net margin of 11.53%.The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 earnings per share. As a group, research analysts anticipate that TriMas Corporation will post 1.69 earnings per share for the current year.

TriMas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 27th were issued a $0.04 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.16 annualized dividend and a yield of 0.5%. TriMas’s dividend payout ratio is currently 5.39%.

Analyst Ratings Changes

Several research analysts have weighed in on TRS shares. Weiss Ratings upgraded shares of TriMas from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, March 16th. BWS Financial reissued a “buy” rating and set a $45.00 price objective on shares of TriMas in a research report on Monday, March 2nd. KeyCorp restated an “overweight” rating and issued a $38.00 price objective on shares of TriMas in a research note on Thursday, February 26th. Wall Street Zen cut TriMas from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Zacks Research downgraded TriMas from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, TriMas currently has an average rating of “Moderate Buy” and a consensus target price of $41.50.

TriMas Company Profile

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.