TriMas Corporation $TRS Position Cut by Vanguard Group Inc.

Vanguard Group Inc. reduced its holdings in TriMas Corporation (NASDAQ:TRS) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,574,064 shares of the industrial products company’s stock after selling 144,558 shares during the quarter. Vanguard Group Inc. owned 8.79% of TriMas worth $138,102,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in shares of TriMas during the third quarter valued at $65,000. State of Wyoming acquired a new position in TriMas during the 2nd quarter valued at about $65,000. BNP Paribas Financial Markets raised its position in shares of TriMas by 35.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,319 shares of the industrial products company’s stock worth $95,000 after buying an additional 868 shares in the last quarter. USA Financial Formulas bought a new stake in shares of TriMas during the 3rd quarter worth about $111,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of TriMas by 280.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,193 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 3,091 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Trading Up 1.0%

NASDAQ TRS opened at $38.33 on Wednesday. The firm’s 50 day moving average price is $35.71 and its two-hundred day moving average price is $36.01. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 2.68. TriMas Corporation has a twelve month low of $19.45 and a twelve month high of $42.00. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 12.91 and a beta of 0.55.

TriMas (NASDAQ:TRS) last issued its earnings results on Thursday, February 26th. The industrial products company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). The business had revenue of $155.49 million during the quarter, compared to analyst estimates of $192.96 million. TriMas had a return on equity of 12.02% and a net margin of 11.53%.The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. Equities analysts anticipate that TriMas Corporation will post 1.69 EPS for the current year.

TriMas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 27th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, February 27th. TriMas’s dividend payout ratio is currently 5.39%.

Analyst Ratings Changes

Several equities research analysts recently commented on TRS shares. KeyCorp reissued an “overweight” rating and set a $38.00 target price on shares of TriMas in a report on Thursday, February 26th. Zacks Research downgraded TriMas from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of TriMas in a report on Monday, December 29th. Wall Street Zen lowered TriMas from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Finally, BWS Financial reissued a “buy” rating and issued a $45.00 price target on shares of TriMas in a report on Monday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TriMas has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

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.