AlphaQuest LLC Grows Stock Position in TriMas Corporation $TRS

AlphaQuest LLC increased its holdings in shares of TriMas Corporation (NASDAQ:TRS) by 41,400.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,185 shares of the industrial products company’s stock after buying an additional 16,146 shares during the quarter. AlphaQuest LLC’s holdings in TriMas were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Apexium Financial LP acquired a new stake in TriMas during the second quarter worth about $243,000. Comerica Bank increased its stake in TriMas by 214.5% during the first quarter. Comerica Bank now owns 11,119 shares of the industrial products company’s stock worth $261,000 after acquiring an additional 7,584 shares during the last quarter. Ancora Advisors LLC acquired a new stake in shares of TriMas in the first quarter valued at about $351,000. Ethic Inc. grew its stake in shares of TriMas by 28.5% in the second quarter. Ethic Inc. now owns 13,598 shares of the industrial products company’s stock valued at $386,000 after buying an additional 3,015 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of TriMas by 54.4% in the first quarter. US Bancorp DE now owns 18,712 shares of the industrial products company’s stock valued at $438,000 after buying an additional 6,596 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TRS has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of TriMas in a research note on Wednesday, October 8th. KeyCorp set a $45.00 price target on TriMas and gave the company an “overweight” rating in a report on Tuesday, August 12th. BWS Financial reissued a “buy” rating and issued a $45.00 price target (up previously from $40.00) on shares of TriMas in a report on Wednesday, July 30th. Finally, Zacks Research raised TriMas from a “hold” rating to a “strong-buy” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, TriMas presently has an average rating of “Buy” and a consensus target price of $45.00.

TriMas Trading Down 3.0%

NASDAQ:TRS opened at $37.89 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $38.28 and its two-hundred day moving average is $31.56. TriMas Corporation has a 52 week low of $19.33 and a 52 week high of $40.34. The company has a market cap of $1.54 billion, a PE ratio of 41.64 and a beta of 0.62.

TriMas (NASDAQ:TRS) last released its earnings results on Tuesday, October 28th. The industrial products company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. TriMas had a return on equity of 11.49% and a net margin of 3.83%.The company had revenue of $269.26 million for the quarter, compared to the consensus estimate of $262.05 million. During the same quarter last year, the business posted $0.43 EPS. TriMas’s quarterly revenue was up 17.4% compared to the same quarter last year. TriMas has set its FY 2025 guidance at 2.020-2.120 EPS. On average, analysts predict that TriMas Corporation will post 1.69 EPS for the current year.

TriMas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, November 6th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. TriMas’s dividend payout ratio (DPR) is 17.58%.

About TriMas

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.