Squarepoint Ops LLC Grows Stock Position in TriMas Corporation $TRS

Squarepoint Ops LLC increased its stake in shares of TriMas Corporation (NASDAQ:TRS) by 83.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 162,775 shares of the industrial products company’s stock after purchasing an additional 73,960 shares during the quarter. Squarepoint Ops LLC owned 0.40% of TriMas worth $4,657,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TRS. State of Wyoming purchased a new position in TriMas during the 2nd quarter worth $65,000. BNP Paribas Financial Markets increased its stake in shares of TriMas by 35.4% during the second quarter. BNP Paribas Financial Markets now owns 3,319 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 868 shares during the period. Tower Research Capital LLC TRC raised its holdings in TriMas by 280.5% during the second quarter. Tower Research Capital LLC TRC now owns 4,193 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 3,091 shares in the last quarter. AE Wealth Management LLC acquired a new stake in TriMas in the second quarter valued at about $212,000. Finally, Tidal Investments LLC purchased a new stake in TriMas in the 2nd quarter valued at approximately $220,000. 99.42% of the stock is owned by institutional investors and hedge funds.

TriMas Trading Up 1.1%

Shares of TRS stock opened at $34.27 on Tuesday. The stock has a market cap of $1.39 billion, a P/E ratio of 31.73 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. TriMas Corporation has a fifty-two week low of $19.33 and a fifty-two week high of $40.34. The business has a fifty day simple moving average of $34.61 and a 200-day simple moving average of $33.93.

TriMas (NASDAQ:TRS) last released its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. TriMas had a net margin of 4.35% and a return on equity of 12.39%. The business had revenue of $269.26 million for the quarter, compared to analyst estimates of $262.05 million. During the same period in the previous year, the firm earned $0.43 EPS. The business’s revenue for the quarter 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 forecast that TriMas Corporation will post 1.69 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Thursday, November 6th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, November 6th. TriMas’s dividend payout ratio (DPR) is 14.81%.

Analyst Ratings Changes

TRS has been the topic of several recent analyst reports. Zacks Research downgraded TriMas from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TriMas in a report on Monday, December 8th. BWS Financial reissued a “buy” rating and issued a $45.00 target price on shares of TriMas in a report on Friday, December 5th. Wall Street Zen lowered shares of TriMas from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, KeyCorp lowered 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $41.50.

Insider Buying and Selling at TriMas

In related news, Director Jeffrey A. Fielkow acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average cost of $31.46 per share, for a total transaction of $62,920.00. Following the transaction, the director directly owned 17,653 shares of the company’s stock, valued at approximately $555,363.38. This trade represents a 12.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 14.20% of the stock is currently owned by company insiders.

TriMas Profile

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.