NewGen Asset Management Ltd Acquires Shares of 99,500 TriMas Corporation $TRS

NewGen Asset Management Ltd acquired a new position in TriMas Corporation (NASDAQ:TRS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 99,500 shares of the industrial products company’s stock, valued at approximately $3,527,000. TriMas comprises about 2.2% of NewGen Asset Management Ltd’s investment portfolio, making the stock its 16th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in TriMas by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,120 shares of the industrial products company’s stock valued at $565,000 after buying an additional 1,014 shares during the period. Jane Street Group LLC purchased a new position in TriMas in the first quarter worth $868,000. Jump Financial LLC grew its holdings in TriMas by 80.3% in the second quarter. Jump Financial LLC now owns 72,240 shares of the industrial products company’s stock worth $2,067,000 after purchasing an additional 32,172 shares during the last quarter. Sei Investments Co. grew its holdings in TriMas by 16.7% in the second quarter. Sei Investments Co. now owns 101,420 shares of the industrial products company’s stock worth $2,902,000 after purchasing an additional 14,512 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in TriMas by 83.3% in the second quarter. Squarepoint Ops LLC now owns 162,775 shares of the industrial products company’s stock worth $4,657,000 after purchasing an additional 73,960 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Wall Street Analyst Weigh In

TRS has been the topic of several analyst reports. Zacks Research raised shares of TriMas from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. BWS Financial reiterated a “buy” rating and set a $45.00 price objective on shares of TriMas in a research note on Monday, March 2nd. Weiss Ratings downgraded shares of TriMas from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Finally, KeyCorp reiterated an “overweight” rating and set a $38.00 price objective on shares of TriMas in a research note on Thursday, February 26th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, TriMas has an average rating of “Moderate Buy” and a consensus target price of $41.50.

TriMas Trading Up 1.1%

NASDAQ:TRS opened at $41.78 on Tuesday. TriMas Corporation has a 12 month low of $26.57 and a 12 month high of $43.72. The firm has a fifty day simple moving average of $39.11 and a 200-day simple moving average of $36.76. The company has a current ratio of 4.85, a quick ratio of 4.50 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.50 billion, a P/E ratio of 1.74 and a beta of 0.60.

TriMas (NASDAQ:TRS) last posted 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). The company had revenue of $168.28 million for the quarter, compared to analyst estimates of $158.24 million. TriMas had a return on equity of 8.38% and a net margin of 93.79%.The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. On average, equities research analysts anticipate that TriMas Corporation will post 1.67 earnings per share for the current year.

TriMas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, May 7th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. TriMas’s payout ratio is currently 0.66%.

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.