TriMas (NASDAQ:TRS) Director Sells 15,000 Shares

TriMas Corporation (NASDAQ:TRS) Director Herbert Parker sold 15,000 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $45.03, for a total transaction of $675,450.00. Following the transaction, the director directly owned 57,762 shares in the company, valued at $2,601,022.86. The trade was a 20.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TriMas Stock Down 3.9%

TriMas stock traded down $1.75 during midday trading on Wednesday, hitting $43.28. The stock had a trading volume of 434,215 shares, compared to its average volume of 490,780. The company has a current ratio of 4.85, a quick ratio of 4.50 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.55 billion, a P/E ratio of 1.80 and a beta of 0.60. TriMas Corporation has a 12 month low of $28.98 and a 12 month high of $45.43. The business has a fifty day moving average price of $40.47 and a 200 day moving average price of $37.54.

TriMas (NASDAQ:TRS) last released its earnings results on Thursday, April 30th. The industrial products company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.24). The firm had revenue of $168.28 million for the quarter, compared to the consensus estimate of $158.24 million. TriMas had a return on equity of 8.38% and a net margin of 93.79%.The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. Research analysts predict that TriMas Corporation will post 1.67 EPS for the current year.

TriMas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, May 7th. This represents a $0.16 annualized dividend and a yield of 0.4%. TriMas’s dividend payout ratio (DPR) is 0.66%.

Analysts Set New Price Targets

TRS has been the subject of several recent research reports. Zacks Research upgraded shares of TriMas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of TriMas from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TriMas currently has a consensus rating of “Moderate Buy” and an average price target of $41.50.

Institutional Trading of TriMas

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TriMas by 4.4% during the 1st 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. Jane Street Group LLC acquired a new stake in TriMas in the first quarter worth $868,000. Jump Financial LLC lifted its stake in TriMas by 80.3% in the second quarter. Jump Financial LLC now owns 72,240 shares of the industrial products company’s stock valued at $2,067,000 after buying an additional 32,172 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of TriMas by 16.7% during the second quarter. Sei Investments Co. now owns 101,420 shares of the industrial products company’s stock valued at $2,902,000 after acquiring an additional 14,512 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in shares of TriMas by 83.3% during the second quarter. Squarepoint Ops LLC now owns 162,775 shares of the industrial products company’s stock valued at $4,657,000 after acquiring an additional 73,960 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

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.