Renaissance Technologies LLC Sells 121,200 Shares of TriMas Corporation $TRS

Renaissance Technologies LLC trimmed its position in TriMas Corporation (NASDAQ:TRS) by 52.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,700 shares of the industrial products company’s stock after selling 121,200 shares during the quarter. Renaissance Technologies LLC owned approximately 0.31% of TriMas worth $3,979,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in TriMas by 4.1% during 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 acquiring an additional 150,232 shares during the period. Dimensional Fund Advisors LP boosted its holdings in TriMas by 4.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,259,891 shares of the industrial products company’s stock valued at $81,220,000 after purchasing an additional 91,003 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of TriMas during the 4th quarter valued at $55,036,000. Advisory Research Inc. increased its holdings in shares of TriMas by 46.0% in the fourth 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 during the period. Finally, Nuveen LLC increased its holdings in shares of TriMas by 4.3% in the fourth quarter. Nuveen LLC now owns 844,050 shares of the industrial products company’s stock worth $29,922,000 after purchasing an additional 35,080 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analyst Ratings Changes

TRS has been the subject of several research analyst reports. BWS Financial reissued a “buy” rating and set a $45.00 price objective on shares of TriMas in a research note on Monday, August 3rd. Zacks Research upgraded TriMas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings upgraded TriMas from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, TriMas currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.

Insider Buying and Selling at TriMas

In related news, Director Herbert K. Parker sold 15,000 shares of the stock in a transaction dated 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 sale, the director directly owned 57,762 shares in the company, valued at $2,601,022.86. This represents a 20.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.50% of the company’s stock.

TriMas Trading Down 0.6%

Shares of TRS opened at $40.24 on Friday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 1.67 and a beta of 0.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 4.50 and a current ratio of 5.44. TriMas Corporation has a fifty-two week low of $30.43 and a fifty-two week high of $45.42. The firm has a 50 day moving average price of $41.24 and a 200-day moving average price of $38.59.

TriMas (NASDAQ:TRS) last released its earnings results on Thursday, July 30th. The industrial products company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $174.58 million for the quarter, compared to analyst estimates of $178.44 million. TriMas had a net margin of 104.22% and a return on equity of 6.41%. The firm’s quarterly revenue was down 36.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. TriMas has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, equities research analysts forecast that TriMas Corporation will post 1.66 earnings per share for the current year.

TriMas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 6th. TriMas’s payout ratio is 0.67%.

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.