Advisory Research Inc. Trims Stock Holdings in TriMas Corporation $TRS

Advisory Research Inc. lessened its holdings in shares of TriMas Corporation (NASDAQ:TRS) by 28.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 750,588 shares of the industrial products company’s stock after selling 296,215 shares during the period. TriMas accounts for approximately 3.8% of Advisory Research Inc.’s holdings, making the stock its 3rd biggest position. Advisory Research Inc. owned 1.85% of TriMas worth $29,003,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TRS. Aster Capital Management DIFC Ltd acquired a new position in shares of TriMas during the third quarter valued at $48,000. State of Alaska Department of Revenue acquired a new stake in TriMas in the third quarter worth about $65,000. State of Wyoming bought a new position in TriMas in the 2nd quarter valued at about $65,000. BNP Paribas Financial Markets grew its position in TriMas by 35.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,319 shares of the industrial products company’s stock valued at $95,000 after buying an additional 868 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in TriMas during the 3rd quarter valued at about $111,000. Institutional investors own 99.42% of the company’s stock.

TriMas Stock Down 4.4%

TRS stock opened at $35.29 on Friday. The firm has a market cap of $1.33 billion, a PE ratio of 11.88 and a beta of 0.55. The company has a current ratio of 2.52, a quick ratio of 1.93 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $35.97 and a 200 day simple moving average of $36.03. TriMas Corporation has a 1 year low of $19.45 and a 1 year high of $42.00.

TriMas (NASDAQ:TRS) last announced 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 ($139.97) million for 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%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. Sell-side analysts anticipate that TriMas Corporation will post 1.69 EPS for the current fiscal year.

TriMas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 27th were paid a dividend of $0.04 per share. The ex-dividend date was Friday, February 27th. This represents a $0.16 annualized dividend and a yield of 0.5%. TriMas’s dividend payout ratio is presently 5.39%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. KeyCorp reaffirmed an “overweight” rating and set a $38.00 target price on shares of TriMas in a research note on Thursday, February 26th. Wall Street Zen downgraded TriMas from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of TriMas in a research note on Monday, December 29th. Zacks Research downgraded shares of TriMas from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Finally, BWS Financial reiterated a “buy” rating and set a $45.00 price target on shares of TriMas in a report on Monday, March 2nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, TriMas currently has an average rating of “Hold” and a consensus price target 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.