Hillsdale Investment Management Inc. Takes $4.16 Million Position in TriMas Corporation $TRS

Hillsdale Investment Management Inc. bought a new position in shares of TriMas Corporation (NASDAQ:TRS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 107,600 shares of the industrial products company’s stock, valued at approximately $4,158,000. Hillsdale Investment Management Inc. owned approximately 0.26% of TriMas at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ophir Asset Management Pty Ltd bought a new stake in TriMas during the 2nd quarter worth approximately $7,261,000. Arrowstreet Capital Limited Partnership grew its holdings in TriMas by 197.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 249,929 shares of the industrial products company’s stock worth $7,150,000 after buying an additional 165,925 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. purchased a new stake in TriMas in the 3rd quarter valued at $5,843,000. Icon Advisers Inc. Co. purchased a new stake in TriMas in the 2nd quarter valued at $4,005,000. Finally, Loomis Sayles & Co. L P lifted its stake in TriMas by 42.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 396,533 shares of the industrial products company’s stock valued at $11,345,000 after acquiring an additional 118,313 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TRS. KeyCorp reduced their target price 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. BWS Financial restated a “buy” rating and set a $45.00 price target on shares of TriMas in a report on Friday, December 5th. Wall Street Zen downgraded shares of TriMas from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TriMas in a research note on Monday, December 29th. Finally, Zacks Research cut shares of TriMas from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.50.

TriMas Stock Performance

NASDAQ TRS opened at $37.08 on Monday. The company has a market capitalization of $1.51 billion, a PE ratio of 34.33 and a beta of 0.58. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 2.68. TriMas Corporation has a 52-week low of $19.33 and a 52-week high of $40.34. The company has a 50-day simple moving average of $35.32 and a 200 day simple moving average of $35.93.

TriMas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 27th will be paid a $0.04 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.16 annualized dividend and a yield of 0.4%. TriMas’s dividend payout ratio is presently 14.81%.

About TriMas

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.