Principal Financial Group Inc. Buys Shares of 30,928 TriMas Corporation $TRS

Principal Financial Group Inc. acquired a new stake in TriMas Corporation (NASDAQ:TRS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,928 shares of the industrial products company’s stock, valued at approximately $1,195,000. Principal Financial Group Inc. owned approximately 0.08% of TriMas at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TRS. State of Wyoming acquired a new position in TriMas in the 2nd quarter valued at about $65,000. State of Alaska Department of Revenue purchased a new position in shares of TriMas in the third quarter valued at approximately $65,000. BNP Paribas Financial Markets grew 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 in the last quarter. USA Financial Formulas purchased a new stake in TriMas during the 3rd quarter worth approximately $111,000. Finally, Tower Research Capital LLC TRC lifted its holdings in TriMas by 280.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,193 shares of the industrial products company’s stock worth $120,000 after buying an additional 3,091 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Price Performance

Shares of TRS opened at $36.58 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.42. TriMas Corporation has a 1-year low of $19.33 and a 1-year high of $40.34. The stock has a market cap of $1.49 billion, a PE ratio of 33.87 and a beta of 0.57. The firm has a fifty day moving average price of $35.12 and a 200 day moving average price of $35.89.

Analyst Ratings Changes

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

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.