Bellecapital International Ltd. Cuts Holdings in TriMas Corporation $TRS

Bellecapital International Ltd. cut its stake in TriMas Corporation (NASDAQ:TRS) by 42.2% in the 3rd quarter, Holdings Channel reports. The firm owned 685,855 shares of the industrial products company’s stock after selling 500,000 shares during the period. TriMas makes up about 4.3% of Bellecapital International Ltd.’s portfolio, making the stock its 8th biggest position. Bellecapital International Ltd.’s holdings in TriMas were worth $26,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of TRS. Irenic Capital Management LP purchased a new position in shares of TriMas during the first quarter valued at about $19,997,000. Alta Fox Capital Management LLC purchased a new position in shares of TriMas during the 1st quarter worth approximately $17,385,000. Ophir Asset Management Pty Ltd purchased a new position in shares of TriMas during the 2nd quarter worth approximately $7,261,000. Arrowstreet Capital Limited Partnership raised its position in shares of TriMas by 197.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 249,929 shares of the industrial products company’s stock worth $7,150,000 after acquiring an additional 165,925 shares in the last quarter. Finally, Icon Advisers Inc. Co. purchased a new position in shares of TriMas in the 2nd quarter valued at approximately $4,005,000. Institutional investors own 99.42% of the company’s stock.

Insider Buying and Selling at TriMas

In other TriMas news, Director Jeffrey A. Fielkow acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was purchased at an average price of $31.46 per share, with a total value of $62,920.00. Following the transaction, the director directly owned 17,653 shares in the company, valued at approximately $555,363.38. The trade was a 12.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 14.20% of the stock is owned by corporate insiders.

TriMas Price Performance

TRS opened at $36.14 on Friday. The company’s 50-day simple moving average is $34.35 and its two-hundred day simple moving average is $34.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 2.68. The stock has a market capitalization of $1.47 billion, a P/E ratio of 33.46 and a beta of 0.62. TriMas Corporation has a 52-week low of $19.33 and a 52-week high of $40.34.

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

TriMas Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. TriMas’s dividend payout ratio is presently 14.81%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TRS. Zacks Research cut TriMas from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of TriMas in a report on Monday, December 22nd. KeyCorp reduced their target price on shares of TriMas from $45.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. BWS Financial reissued a “buy” rating and set a $45.00 price target on shares of TriMas in a research report on Friday, December 5th. Finally, Wall Street Zen lowered shares of TriMas from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $41.50.

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.