Oliver Luxxe Assets LLC Buys Shares of 30,913 TriMas Corporation $TRS

Oliver Luxxe Assets LLC bought a new stake in shares of TriMas Corporation (NASDAQ:TRS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,913 shares of the industrial products company’s stock, valued at approximately $1,194,000. Oliver Luxxe Assets LLC owned 0.08% of TriMas as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TRS. State of Alaska Department of Revenue bought a new position in TriMas during the third quarter valued at $65,000. SG Americas Securities LLC purchased a new stake in TriMas in the third quarter worth $540,000. HB Wealth Management LLC bought a new stake in shares of TriMas in the third quarter valued at $294,000. Longboard Asset Management LP purchased a new position in shares of TriMas during the 3rd quarter valued at $217,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of TriMas by 7.8% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 38,652 shares of the industrial products company’s stock worth $1,494,000 after acquiring an additional 2,800 shares during the period. Institutional investors own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

TRS has been the subject of several recent research reports. Zacks Research lowered TriMas from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Wall Street Zen downgraded shares of TriMas from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. BWS Financial reissued a “buy” rating and issued a $45.00 price target on shares of TriMas in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TriMas in a report on Monday, December 29th. Finally, KeyCorp reduced their price objective on shares of TriMas from $45.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.50.

TriMas Price Performance

TRS stock opened at $35.07 on Monday. The firm has a 50 day moving average of $33.88 and a 200-day moving average of $35.07. The company has a current ratio of 2.68, a quick ratio of 1.42 and a debt-to-equity ratio of 0.56. TriMas Corporation has a 12 month low of $19.33 and a 12 month high of $40.34. The firm has a market capitalization of $1.43 billion, a P/E ratio of 32.47 and a beta of 0.57.

TriMas (NASDAQ:TRS) last posted 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. TriMas had a net margin of 4.35% and a return on equity of 12.39%. The business 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 posted $0.43 EPS. TriMas’s revenue was up 17.4% on a year-over-year basis. TriMas has set its FY 2025 guidance at 2.020-2.120 EPS. As a group, sell-side analysts predict that TriMas Corporation will post 1.69 earnings per share for the current fiscal year.

TriMas Announces Dividend

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

Insider Transactions at TriMas

In other TriMas news, Director Jeffrey A. Fielkow bought 2,000 shares of TriMas stock in a transaction that occurred on Tuesday, November 11th. The stock was acquired at an average cost of $31.46 per share, for a total transaction of $62,920.00. Following the completion of the transaction, the director directly owned 17,653 shares in the company, valued at $555,363.38. This represents a 12.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 14.20% of the company’s stock.

TriMas Company Profile

TriMas Corporation is a diversified industrial company headquartered in Bloomfield Hills, Michigan. Established in 1980, TriMas has built a global reputation for designing and manufacturing specialized products that serve a wide array of end markets. The company operates through multiple segments, each focused on high-demand niches where engineered solutions and rigorous quality standards are essential.

The Packaging segment supplies closures, dispensing systems and related components for the personal care, household chemicals, food and beverage, and pharmaceutical markets.