Capital International Investors Takes Position in TriMas Corporation $TRS

Capital International Investors bought a new position in shares of TriMas Corporation (NASDAQ:TRS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,890,079 shares of the industrial products company’s stock, valued at approximately $111,673,000. Capital International Investors owned 7.11% of TriMas as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRS. Aster Capital Management DIFC Ltd purchased a new stake in TriMas during the 3rd quarter valued at approximately $48,000. State of Alaska Department of Revenue purchased a new position in shares of TriMas in the 3rd quarter valued at approximately $65,000. State of Wyoming purchased a new position in shares of TriMas in the 2nd quarter valued at approximately $65,000. BNP Paribas Financial Markets increased its holdings in shares of TriMas by 35.4% in the second quarter. BNP Paribas Financial Markets now owns 3,319 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 868 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of TriMas in the third quarter valued at approximately $111,000. Hedge funds and other institutional investors own 99.42% of the company’s stock.

TriMas Trading Down 3.1%

Shares of TRS stock opened at $36.93 on Thursday. The business’s fifty day moving average price is $35.97 and its 200 day moving average price is $36.04. TriMas Corporation has a 1-year low of $19.45 and a 1-year high of $42.00. The firm has a market capitalization of $1.39 billion, a PE ratio of 12.43 and a beta of 0.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.52 and a quick ratio of 1.93.

TriMas (NASDAQ:TRS) last released its earnings results on Thursday, February 26th. The industrial products company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $155.49 million during the quarter, compared to analyst estimates of $192.96 million. TriMas had a net margin of 11.53% and a return on equity of 12.04%. TriMas’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. As a group, sell-side analysts forecast that TriMas Corporation will post 1.69 EPS for the current fiscal year.

TriMas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 27th were paid a $0.04 dividend. The ex-dividend date was Friday, February 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. TriMas’s dividend payout ratio (DPR) is 5.39%.

Analysts Set New Price Targets

TRS has been the subject of several recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TriMas in a report on Monday, December 29th. Wall Street Zen cut shares of TriMas from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. BWS Financial restated a “buy” rating and set a $45.00 price objective on shares of TriMas in a research report on Monday, March 2nd. KeyCorp restated an “overweight” rating and issued a $38.00 target price on shares of TriMas in a research note on Thursday, February 26th. Finally, Zacks Research downgraded shares of TriMas from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Two investment 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. Based on data from MarketBeat, TriMas presently has a consensus rating of “Hold” and an average target price of $41.50.

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.