Intech Investment Management LLC Reduces Stock Position in TriMas Corporation $TRS

Intech Investment Management LLC decreased its holdings in TriMas Corporation (NASDAQ:TRS) by 13.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,887 shares of the industrial products company’s stock after selling 3,150 shares during the period. Intech Investment Management LLC owned about 0.05% of TriMas worth $598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in TriMas by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,120 shares of the industrial products company’s stock worth $565,000 after purchasing an additional 1,014 shares during the period. First Manhattan CO. LLC. grew its position in shares of TriMas by 0.6% during the 1st quarter. First Manhattan CO. LLC. now owns 365,637 shares of the industrial products company’s stock worth $8,567,000 after buying an additional 2,100 shares in the last quarter. Ethic Inc. increased its stake in shares of TriMas by 28.5% during the second quarter. Ethic Inc. now owns 13,598 shares of the industrial products company’s stock valued at $386,000 after buying an additional 3,015 shares during the period. Quinn Opportunity Partners LLC raised its holdings in shares of TriMas by 6.2% in the second quarter. Quinn Opportunity Partners LLC now owns 77,183 shares of the industrial products company’s stock valued at $2,208,000 after acquiring an additional 4,514 shares in the last quarter. Finally, US Bancorp DE lifted its stake in TriMas by 54.4% in the first quarter. US Bancorp DE now owns 18,712 shares of the industrial products company’s stock worth $438,000 after acquiring an additional 6,596 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TriMas news, Director Jeffrey A. Fielkow purchased 2,000 shares of the stock in a transaction on Tuesday, November 11th. The shares were bought at an average cost of $31.46 per share, with a total value of $62,920.00. Following the completion of the acquisition, the director owned 17,653 shares in the company, valued at $555,363.38. This trade represents a 12.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 14.20% of the company’s stock.

TriMas Price Performance

Shares of TRS opened at $34.00 on Friday. 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’s fifty day moving average price is $35.73 and its 200-day moving average price is $33.12. TriMas Corporation has a 1-year low of $19.33 and a 1-year high of $40.34. The firm has a market capitalization of $1.38 billion, a PE ratio of 31.48 and a beta of 0.64.

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

TriMas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Thursday, November 6th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, November 6th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. TriMas’s payout ratio is currently 14.81%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. KeyCorp reduced their price target on shares of TriMas from $45.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. BWS Financial reissued a “buy” rating and set a $45.00 price objective on shares of TriMas in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of TriMas in a research note on Monday. Finally, Zacks Research raised TriMas from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 29th. One 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $41.50.

About TriMas

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.