Renaissance Technologies LLC Reduces Stock Position in TriMas Corporation $TRS

Renaissance Technologies LLC lessened its position in TriMas Corporation (NASDAQ:TRS) by 52.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 110,700 shares of the industrial products company’s stock after selling 121,200 shares during the period. Renaissance Technologies LLC’s holdings in TriMas were worth $3,979,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TRS. AdvisorNet Financial Inc bought a new position in shares of TriMas during the first quarter valued at about $28,000. Covestor Ltd grew its stake in shares of TriMas by 20,525.0% in the fourth quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 821 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of TriMas in the fourth quarter worth about $29,000. Ball & Co Wealth Management Inc. purchased a new position in TriMas during the 4th quarter valued at about $35,000. Finally, Rockefeller Capital Management L.P. increased its holdings in TriMas by 1,958.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,029 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 979 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

TriMas Stock Performance

TriMas stock opened at $40.24 on Friday. The company has a quick ratio of 4.50, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1.44 billion, a P/E ratio of 1.67 and a beta of 0.60. The stock’s 50 day moving average is $41.24 and its 200 day moving average is $38.59. TriMas Corporation has a twelve month low of $30.43 and a twelve month high of $45.42.

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

TriMas Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on TRS shares. Zacks Research raised TriMas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings raised TriMas from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Finally, BWS Financial restated a “buy” rating and set a $45.00 target price on shares of TriMas in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, TriMas currently has an average rating of “Moderate Buy” and a consensus target price of $41.50.

Insider Activity

In related news, Director Herbert K. Parker sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $45.03, for a total value of $675,450.00. Following the transaction, the director owned 57,762 shares in the company, valued at $2,601,022.86. The trade was a 20.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is currently owned by corporate insiders.

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.