Hudson Bay Capital Management LP Buys New Shares in TriMas Corporation $TRS

Hudson Bay Capital Management LP purchased a new position in shares of TriMas Corporation (NASDAQ:TRS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 75,473 shares of the industrial products company’s stock, valued at approximately $2,916,000. Hudson Bay Capital Management LP owned about 0.19% of TriMas as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of TriMas during the 3rd quarter valued at $36,000. Aster Capital Management DIFC Ltd purchased a new position in shares of TriMas in the 3rd quarter worth $48,000. State of Alaska Department of Revenue purchased a new position in shares of TriMas in the 3rd quarter worth $65,000. State of Wyoming acquired a new position in TriMas in the second quarter valued at $65,000. Finally, USA Financial Formulas purchased a new stake in TriMas during the third quarter valued at about $111,000. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wall Street Zen lowered TriMas from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. BWS Financial reiterated a “buy” rating and set a $45.00 target price on shares of TriMas in a report on Monday, March 2nd. Zacks Research downgraded shares of TriMas from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Weiss Ratings upgraded shares of TriMas from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, March 16th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $38.00 price target on shares of TriMas in a research report on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, TriMas currently has an average rating of “Moderate Buy” and a consensus price target of $41.50.

TriMas Trading Down 0.2%

TRS opened at $34.04 on Friday. TriMas Corporation has a 12-month low of $19.45 and a 12-month high of $42.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.52 and a quick ratio of 1.93. The stock has a market capitalization of $1.28 billion, a PE ratio of 11.46 and a beta of 0.55. The firm’s fifty day moving average price is $35.87 and its 200 day moving average price is $35.85.

TriMas (NASDAQ:TRS) last released its earnings results on Thursday, February 26th. The industrial products company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The company had revenue of ($139.97) million during 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%.TriMas’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. As a group, research analysts expect that TriMas Corporation will post 1.69 EPS for the current fiscal year.

TriMas Dividend Announcement

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

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.