NewGen Asset Management Ltd purchased a new stake in shares of TriMas Corporation (NASDAQ:TRS – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 99,500 shares of the industrial products company’s stock, valued at approximately $3,527,000. TriMas accounts for about 2.2% of NewGen Asset Management Ltd’s holdings, making the stock its 16th biggest holding. NewGen Asset Management Ltd owned 0.24% of TriMas as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of TriMas by 4.1% in the 3rd quarter. Bank of America Corp DE now owns 3,810,233 shares of the industrial products company’s stock worth $147,227,000 after purchasing an additional 150,232 shares in the last quarter. Capital International Investors purchased a new stake in shares of TriMas in the 3rd quarter worth $111,673,000. Allspring Global Investments Holdings LLC increased its stake in shares of TriMas by 3.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,562,028 shares of the industrial products company’s stock worth $92,976,000 after purchasing an additional 73,638 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of TriMas in the 4th quarter worth $55,036,000. Finally, Advisory Research Inc. increased its stake in shares of TriMas by 46.0% in the 4th quarter. Advisory Research Inc. now owns 1,096,013 shares of the industrial products company’s stock worth $38,854,000 after purchasing an additional 345,425 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently commented on TRS. KeyCorp restated an “overweight” rating and issued a $38.00 price objective on shares of TriMas in a research note on Thursday, February 26th. BWS Financial restated a “buy” rating and issued a $45.00 price objective on shares of TriMas in a research note on Monday, March 2nd. Zacks Research upgraded TriMas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings lowered TriMas from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.50.
TriMas Stock Up 1.1%
TRS opened at $41.78 on Tuesday. The firm has a 50-day simple moving average of $39.11 and a two-hundred day simple moving average of $36.76. TriMas Corporation has a 52 week low of $26.57 and a 52 week high of $43.72. The company has a market capitalization of $1.50 billion, a PE ratio of 1.74 and a beta of 0.60. The company has a quick ratio of 4.50, a current ratio of 4.85 and a debt-to-equity ratio of 0.27.
TriMas (NASDAQ:TRS – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.24). TriMas had a net margin of 93.79% and a return on equity of 8.38%. The company had revenue of $168.28 million for the quarter, compared to the consensus estimate of $158.24 million. During the same period last year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. Analysts forecast that TriMas Corporation will post 1.67 earnings per share for the current fiscal year.
TriMas Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, May 7th. TriMas’s dividend payout ratio is 0.66%.
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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