Inspire Investing LLC Buys 24,541 Shares of TriMas Corporation $TRS

Inspire Investing LLC boosted its stake in TriMas Corporation (NASDAQ:TRS) by 179.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,227 shares of the industrial products company’s stock after acquiring an additional 24,541 shares during the period. Inspire Investing LLC’s holdings in TriMas were worth $1,477,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRS. BNP Paribas Financial Markets increased its stake in shares of TriMas by 35.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,319 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 868 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in TriMas by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,120 shares of the industrial products company’s stock valued at $565,000 after purchasing an additional 1,014 shares during the period. First Manhattan CO. LLC. grew its holdings in TriMas by 0.6% during the first quarter. First Manhattan CO. LLC. now owns 365,637 shares of the industrial products company’s stock valued at $8,567,000 after purchasing an additional 2,100 shares during the period. State of Wyoming purchased a new stake in TriMas in the second quarter worth $65,000. Finally, USA Financial Formulas bought a new stake in shares of TriMas in the third quarter valued at $111,000. 99.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. BWS Financial reiterated a “buy” rating and set a $45.00 price target on shares of TriMas in a research note on Friday, December 5th. Zacks Research downgraded shares of TriMas from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Wall Street Zen lowered shares of TriMas from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TriMas in a research note on Monday. Finally, KeyCorp dropped their price target 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 investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, TriMas currently has a consensus rating of “Moderate Buy” and an average target price of $41.50.

TriMas Stock Down 0.1%

TRS stock opened at $35.69 on Friday. TriMas Corporation has a twelve month low of $19.33 and a twelve month high of $40.34. The firm has a market capitalization of $1.45 billion, a PE ratio of 33.05 and a beta of 0.62. The company has a quick ratio of 1.42, a current ratio of 2.68 and a debt-to-equity ratio of 0.56. The stock has a 50-day simple moving average of $34.37 and a two-hundred day simple moving average of $34.33.

TriMas (NASDAQ:TRS) last released its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $269.26 million during the quarter, compared to analyst estimates of $262.05 million. TriMas had a net margin of 4.35% and a return on equity of 12.39%. TriMas’s revenue was up 17.4% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share. TriMas has set its FY 2025 guidance at 2.020-2.120 EPS. On average, equities analysts predict that TriMas Corporation will post 1.69 EPS for the current fiscal year.

TriMas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Thursday, November 6th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, November 6th. TriMas’s payout ratio is 14.81%.

Insider Buying and Selling at TriMas

In other news, Director Jeffrey A. Fielkow purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were purchased at an average price of $31.46 per share, with a total value of $62,920.00. Following the completion of the acquisition, the director owned 17,653 shares in the company, valued at $555,363.38. This trade represents a 12.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 14.20% of the company’s stock.

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.