30,521 Shares in TriMas Corporation $TRS Purchased by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP purchased a new position in shares of TriMas Corporation (NASDAQ:TRS) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 30,521 shares of the industrial products company’s stock, valued at approximately $1,179,000.

A number of other institutional investors have also modified their holdings of the company. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of TriMas in the third quarter worth approximately $5,843,000. Wolverine Asset Management LLC acquired a new position in TriMas during the third quarter worth approximately $2,318,000. Oliver Luxxe Assets LLC purchased a new position in TriMas during the third quarter worth approximately $1,194,000. Teacher Retirement System of Texas acquired a new position in shares of TriMas in the 2nd quarter valued at $292,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of TriMas by 197.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 249,929 shares of the industrial products company’s stock valued at $7,150,000 after buying an additional 165,925 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

Wall Street Analysts Forecast Growth

TRS has been the subject of a number of research analyst reports. BWS Financial restated a “buy” rating and set a $45.00 price objective on shares of TriMas in a report on Monday, March 2nd. Zacks Research downgraded TriMas from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. 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 research note on Saturday, December 6th. Finally, KeyCorp reiterated an “overweight” rating and set a $38.00 target price on shares of TriMas in a report on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $41.50.

TriMas Price Performance

Shares of NASDAQ TRS opened at $38.11 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.52 and a quick ratio of 1.93. TriMas Corporation has a 1-year low of $19.45 and a 1-year high of $42.00. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 12.83 and a beta of 0.55. The business has a 50-day moving average of $35.94 and a 200-day moving average of $36.03.

TriMas (NASDAQ:TRS) last announced 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 company had revenue of $155.49 million for the quarter, compared to analysts’ expectations of $192.96 million. TriMas had a net margin of 11.53% and a return on equity of 12.04%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. On average, equities analysts anticipate that TriMas Corporation will post 1.69 EPS for the current fiscal year.

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Friday, February 27th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, February 27th. TriMas’s payout ratio is presently 5.39%.

TriMas 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.