TriMas Corporation $TRS Shares Sold by Northern Trust Corp

Northern Trust Corp cut its stake in TriMas Corporation (NASDAQ:TRS) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 384,922 shares of the industrial products company’s stock after selling 13,291 shares during the period. Northern Trust Corp owned 0.95% of TriMas worth $9,019,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. State of Wyoming acquired a new stake in TriMas in the fourth quarter worth $50,000. ProShare Advisors LLC acquired a new stake in TriMas in the fourth quarter worth $281,000. GAMMA Investing LLC increased its position in TriMas by 3,802.9% in the first quarter. GAMMA Investing LLC now owns 14,948 shares of the industrial products company’s stock worth $350,000 after buying an additional 14,565 shares during the period. Point72 Asset Management L.P. acquired a new stake in TriMas in the fourth quarter worth $430,000. Finally, US Bancorp DE increased its position 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 buying an additional 6,596 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Zacks Research raised TriMas from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 29th. BWS Financial reissued a “buy” rating and issued a $45.00 price target (up previously from $40.00) on shares of TriMas in a research note on Wednesday, July 30th. KeyCorp set a $45.00 price target on TriMas and gave the stock an “overweight” rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen raised TriMas from a “hold” rating to a “buy” rating in a research note on Sunday, June 1st. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $45.00.

TriMas Trading Down 1.3%

Shares of TRS stock opened at $38.73 on Friday. The stock has a 50-day simple moving average of $34.14 and a 200 day simple moving average of $27.52. TriMas Corporation has a fifty-two week low of $19.33 and a fifty-two week high of $39.71. The stock has a market capitalization of $1.57 billion, a P/E ratio of 42.56 and a beta of 0.65. The company has a quick ratio of 1.44, a current ratio of 2.59 and a debt-to-equity ratio of 0.59.

TriMas (NASDAQ:TRS) last announced its earnings results 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 return on equity of 11.49% and a net margin of 3.83%.The business had revenue of $274.76 million during the quarter, compared to analysts’ expectations of $251.18 million. During the same quarter last year, the business posted $0.43 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. TriMas has set its FY 2025 guidance at 1.950-2.100 EPS. On average, sell-side analysts expect that TriMas Corporation will post 1.69 earnings per share for the current fiscal year.

TriMas Announces Dividend

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

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.