253,185 Shares in TriMas Corporation $TRS Bought by Nuveen LLC

Nuveen LLC purchased a new position in shares of TriMas Corporation (NASDAQ:TRS) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 253,185 shares of the industrial products company’s stock, valued at approximately $5,932,000. Nuveen LLC owned approximately 0.62% of TriMas at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Bank of America Corp DE grew its holdings in TriMas by 127.3% during the fourth quarter. Bank of America Corp DE now owns 3,513,638 shares of the industrial products company’s stock worth $86,400,000 after buying an additional 1,967,738 shares in the last quarter. Pzena Investment Management LLC boosted its position in TriMas by 0.7% in the first quarter. Pzena Investment Management LLC now owns 2,135,554 shares of the industrial products company’s stock worth $50,036,000 after purchasing an additional 14,942 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in TriMas by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 614,023 shares of the industrial products company’s stock worth $14,387,000 after purchasing an additional 8,521 shares during the last quarter. Northern Trust Corp boosted its position in TriMas by 9.9% in the fourth quarter. Northern Trust Corp now owns 398,213 shares of the industrial products company’s stock worth $9,792,000 after purchasing an additional 35,798 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in TriMas by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 247,761 shares of the industrial products company’s stock worth $5,805,000 after purchasing an additional 1,664 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TRS. Wall Street Zen raised TriMas from a “hold” rating to a “buy” rating in a research report on Sunday, June 1st. KeyCorp set a $45.00 price objective on TriMas and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Finally, BWS Financial reissued a “buy” rating and issued a $45.00 price objective (up previously from $40.00) on shares of TriMas in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $45.00.

TriMas Stock Down 0.2%

Shares of NASDAQ TRS opened at $38.26 on Tuesday. TriMas Corporation has a one year low of $19.33 and a one year high of $38.71. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.44. The business’s fifty day moving average price is $32.14 and its 200-day moving average price is $26.64. The stock has a market capitalization of $1.55 billion, a PE ratio of 42.04 and a beta of 0.66.

TriMas (NASDAQ:TRS) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. TriMas had a return on equity of 11.49% and a net margin of 3.83%.The firm had revenue of $274.76 million for the quarter, compared to analysts’ expectations of $251.18 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. TriMas has set its FY 2025 guidance at 1.950-2.100 EPS. On average, equities research 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 was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. TriMas’s dividend payout ratio is 17.58%.

Insider Transactions at TriMas

In related news, Director Adrianne Shapira acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were acquired at an average price of $25.82 per share, with a total value of $103,280.00. Following the acquisition, the director owned 8,476 shares of the company’s stock, valued at approximately $218,850.32. This trade represents a 89.37% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders bought 5,266 shares of company stock worth $137,188. Corporate insiders own 14.20% of the company’s stock.

TriMas Company 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.