TriMas Corporation $TRS Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its position in TriMas Corporation (NASDAQ:TRS) by 9.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,017 shares of the industrial products company’s stock after acquiring an additional 7,141 shares during the period. American Century Companies Inc. owned approximately 0.21% of TriMas worth $2,015,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TRS. State of Wyoming acquired a new stake in shares of TriMas in the 4th quarter worth about $50,000. ProShare Advisors LLC acquired a new stake in shares of TriMas in the 4th quarter worth about $281,000. GAMMA Investing LLC increased its holdings in shares of TriMas by 3,802.9% in the 1st quarter. GAMMA Investing LLC now owns 14,948 shares of the industrial products company’s stock worth $350,000 after acquiring an additional 14,565 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of TriMas in the 4th quarter worth about $430,000. Finally, US Bancorp DE increased its holdings in shares of TriMas by 54.4% in the 1st 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. Institutional investors and hedge funds own 99.42% of the company’s stock.

Insider Buying and Selling at TriMas

In other TriMas news, Director Adrianne Shapira acquired 4,000 shares of TriMas stock in a transaction dated Thursday, June 5th. The stock was bought at an average price of $25.82 per share, for a total transaction of $103,280.00. Following the transaction, the director owned 8,476 shares in the company, valued at approximately $218,850.32. This trade represents a 89.37% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have bought 5,266 shares of company stock worth $137,188. Company insiders own 14.20% of the company’s stock.

TriMas Stock Performance

NASDAQ:TRS opened at $38.67 on Tuesday. TriMas Corporation has a twelve month low of $19.33 and a twelve month high of $39.09. The company has a current ratio of 2.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $33.29 and a 200-day moving average of $27.15. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 42.49 and a beta of 0.65.

TriMas (NASDAQ:TRS) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.11. TriMas had a net margin of 3.83% and a return on equity of 11.49%. The company had revenue of $274.76 million during the quarter, compared to analyst estimates of $251.18 million. During the same quarter last year, the firm posted $0.43 EPS. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. TriMas has set its FY 2025 guidance at 1.950-2.100 EPS. Analysts forecast that TriMas Corporation will post 1.69 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, August 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. TriMas’s dividend payout ratio (DPR) is 17.58%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TRS shares. BWS Financial reiterated a “buy” rating and issued a $45.00 target price (up previously from $40.00) on shares of TriMas in a research report on Wednesday, July 30th. KeyCorp set a $45.00 target price on shares of TriMas and gave the company an “overweight” rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of TriMas from a “hold” rating to a “buy” rating in a research report on Sunday, June 1st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, TriMas has a consensus rating of “Buy” and an average target price of $45.00.

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.