73,832 Shares in TriMas Corporation $TRS Acquired by Alpha Wave Global LP

Alpha Wave Global LP purchased a new stake in TriMas Corporation (NASDAQ:TRS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 73,832 shares of the industrial products company’s stock, valued at approximately $2,112,000. TriMas makes up about 0.2% of Alpha Wave Global LP’s holdings, making the stock its 26th biggest position. Alpha Wave Global LP owned about 0.18% of TriMas at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in TriMas by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,120 shares of the industrial products company’s stock valued at $565,000 after acquiring an additional 1,014 shares in the last quarter. First Manhattan CO. LLC. raised its stake in shares of TriMas by 0.6% in the 1st quarter. First Manhattan CO. LLC. now owns 365,637 shares of the industrial products company’s stock valued at $8,567,000 after purchasing an additional 2,100 shares during the period. Ethic Inc. lifted its holdings in shares of TriMas by 28.5% in the second quarter. Ethic Inc. now owns 13,598 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 3,015 shares in the last quarter. Quinn Opportunity Partners LLC boosted its position in shares of TriMas by 6.2% during the second quarter. Quinn Opportunity Partners LLC now owns 77,183 shares of the industrial products company’s stock worth $2,208,000 after buying an additional 4,514 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of TriMas by 5.5% during the second quarter. American Century Companies Inc. now owns 90,734 shares of the industrial products company’s stock worth $2,596,000 after buying an additional 4,717 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

TRS has been the topic of several research reports. KeyCorp cut their target price on TriMas from $45.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. BWS Financial restated a “buy” rating and set a $45.00 target price on shares of TriMas in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TriMas in a research report on Monday. Finally, Zacks Research upgraded shares of TriMas from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $41.50.

TriMas Trading Down 4.3%

Shares of TRS stock opened at $32.72 on Friday. TriMas Corporation has a 12-month low of $19.33 and a 12-month high of $40.34. The company has a market capitalization of $1.33 billion, a PE ratio of 30.30 and a beta of 0.62. The firm has a 50 day moving average price of $35.19 and a two-hundred day moving average price of $33.44. The company has a quick ratio of 1.42, a current ratio of 2.68 and a debt-to-equity ratio of 0.56.

TriMas (NASDAQ:TRS) last announced its earnings results on Tuesday, October 28th. The industrial products company reported $0.61 earnings per share for the quarter, topping 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 quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share. TriMas has set its FY 2025 guidance at 2.020-2.120 EPS. As a group, analysts predict that TriMas Corporation will post 1.69 earnings per share for the current year.

TriMas Dividend Announcement

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

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.