TriMas Corporation $TRS Position Lessened by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in TriMas Corporation (NASDAQ:TRS) by 3.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,574,064 shares of the industrial products company’s stock after selling 144,558 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of TriMas worth $138,102,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TRS. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of TriMas in the 3rd quarter valued at $5,843,000. Wolverine Asset Management LLC bought a new position in TriMas during the third quarter valued at about $2,318,000. Oliver Luxxe Assets LLC acquired a new stake in shares of TriMas in the third quarter worth about $1,194,000. Teacher Retirement System of Texas acquired a new stake in shares of TriMas in the second quarter worth about $292,000. Finally, Atria Investments Inc acquired a new position in TriMas during the second quarter valued at approximately $635,000. 99.42% of the stock is owned by institutional investors and hedge funds.

TriMas Stock Up 1.0%

TRS opened at $38.33 on Wednesday. The company has a market capitalization of $1.56 billion, a P/E ratio of 12.91 and a beta of 0.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.42. The firm’s fifty day moving average price is $35.71 and its two-hundred day moving average price is $36.01. TriMas Corporation has a fifty-two week low of $19.45 and a fifty-two week high of $42.00.

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

TriMas Dividend Announcement

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 issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th. TriMas’s payout ratio is presently 5.39%.

Analyst Upgrades and Downgrades

TRS has been the subject of several recent analyst reports. BWS Financial reaffirmed a “buy” rating and set a $45.00 price objective on shares of TriMas in a report on Monday. Zacks Research lowered shares of TriMas from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. KeyCorp reaffirmed an “overweight” rating and issued a $38.00 price target on shares of TriMas in a research report on Thursday, February 26th. Wall Street Zen cut TriMas from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of TriMas in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, TriMas presently has an average rating of “Moderate Buy” and an average price target 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.