TriMas Corporation $TRS Shares Sold by Barington Companies Management LLC

Barington Companies Management LLC cut its stake in TriMas Corporation (NASDAQ:TRS) by 55.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,000 shares of the industrial products company’s stock after selling 346,000 shares during the quarter. TriMas comprises about 8.0% of Barington Companies Management LLC’s investment portfolio, making the stock its 7th biggest position. Barington Companies Management LLC owned 0.68% of TriMas worth $10,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of TRS. Beacon Harbor Wealth Advisors Inc. acquired a new stake in TriMas in the third quarter valued at approximately $5,843,000. Wolverine Asset Management LLC purchased a new stake in shares of TriMas during the third quarter valued at approximately $2,318,000. Oliver Luxxe Assets LLC acquired a new position in shares of TriMas during the third quarter worth $1,194,000. Teacher Retirement System of Texas acquired a new position in shares of TriMas during the second quarter worth $292,000. Finally, Atria Investments Inc purchased a new position in shares of TriMas in the second quarter valued at $635,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Stock Performance

Shares of TriMas stock opened at $37.44 on Friday. The firm has a market cap of $1.41 billion, a PE ratio of 12.61 and a beta of 0.55. The firm’s 50-day simple moving average is $35.88 and its 200-day simple moving average is $36.05. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.42 and a current ratio of 2.52. TriMas Corporation has a 1 year low of $19.45 and a 1 year high of $42.00.

TriMas (NASDAQ:TRS) last issued its quarterly earnings results on Thursday, February 26th. The industrial products company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). The company had revenue of $155.49 million for the quarter, compared to the consensus estimate of $192.96 million. TriMas had a return on equity of 12.04% and a net margin of 11.53%.The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 EPS. Equities analysts forecast 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 Friday, March 6th. Shareholders of record on Friday, February 27th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, February 27th. TriMas’s dividend payout ratio (DPR) is currently 5.39%.

Analyst Ratings Changes

A number of equities analysts have commented on TRS shares. KeyCorp reiterated an “overweight” rating and issued a $38.00 price objective on shares of TriMas in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TriMas in a research report on Monday, December 29th. BWS Financial reissued a “buy” rating and issued a $45.00 price target on shares of TriMas in a report on Monday, March 2nd. Wall Street Zen lowered TriMas from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, Zacks Research downgraded TriMas from a “hold” rating to a “strong sell” rating in a report on Thursday. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $41.50.

TriMas 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.