Quinn Opportunity Partners LLC Has $2.21 Million Holdings in TriMas Corporation $TRS

Quinn Opportunity Partners LLC lifted its position in shares of TriMas Corporation (NASDAQ:TRS) by 6.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,183 shares of the industrial products company’s stock after purchasing an additional 4,514 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in TriMas were worth $2,208,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Irenic Capital Management LP bought a new stake in TriMas during the 1st quarter valued at $19,997,000. Alta Fox Capital Management LLC acquired a new position in shares of TriMas during the first quarter valued at about $17,385,000. Simcoe Capital Management LLC acquired a new position in shares of TriMas during the first quarter valued at about $6,451,000. Nuveen LLC bought a new stake in shares of TriMas during the first quarter worth about $5,932,000. Finally, Roubaix Capital LLC acquired a new stake in shares of TriMas in the 1st quarter worth about $4,955,000. 99.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TRS has been the subject of a number of analyst reports. KeyCorp set a $45.00 price target on TriMas and gave the company an “overweight” rating in a research note on Tuesday, August 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of TriMas in a report on Wednesday, October 8th. Zacks Research raised shares of TriMas from a “hold” rating to a “strong-buy” rating in a report on Friday, August 29th. Finally, BWS Financial reiterated a “buy” rating and issued a $45.00 target price on shares of TriMas in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, TriMas presently has an average rating of “Buy” and an average target price of $45.00.

TriMas Trading Down 0.1%

NASDAQ:TRS opened at $31.54 on Wednesday. TriMas Corporation has a 1 year low of $19.33 and a 1 year high of $40.34. The stock’s fifty day moving average price is $37.36 and its two-hundred day moving average price is $32.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.44. The company has a market cap of $1.28 billion, a P/E ratio of 29.20 and a beta of 0.64.

TriMas (NASDAQ:TRS) last released its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $269.26 million for the quarter, compared to analyst estimates of $262.05 million. TriMas had a return on equity of 12.39% and a net margin of 4.35%.The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. TriMas has set its FY 2025 guidance at 2.020-2.120 EPS. As a group, analysts expect that TriMas Corporation will post 1.69 EPS for the current year.

TriMas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, November 6th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, November 6th. TriMas’s dividend payout ratio (DPR) is 14.81%.

TriMas Profile

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.