30,913 Shares in TriMas Corporation $TRS Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC bought a new stake in TriMas Corporation (NASDAQ:TRS) during the third quarter, Holdings Channel.com reports. The fund bought 30,913 shares of the industrial products company’s stock, valued at approximately $1,194,000.

Several other hedge funds have also bought and sold shares of the stock. Bank of America Corp DE grew its stake in TriMas by 0.3% in the 2nd quarter. Bank of America Corp DE now owns 3,660,001 shares of the industrial products company’s stock worth $104,713,000 after buying an additional 9,602 shares in the last quarter. Pzena Investment Management LLC grew its position in TriMas by 2.0% in the second quarter. Pzena Investment Management LLC now owns 2,177,761 shares of the industrial products company’s stock worth $62,306,000 after acquiring an additional 42,207 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in TriMas by 42.5% in the second quarter. Loomis Sayles & Co. L P now owns 396,533 shares of the industrial products company’s stock valued at $11,345,000 after acquiring an additional 118,313 shares during the last quarter. First Eagle Investment Management LLC increased its stake in TriMas by 3.2% in the second quarter. First Eagle Investment Management LLC now owns 281,306 shares of the industrial products company’s stock valued at $8,048,000 after acquiring an additional 8,800 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd purchased a new stake in TriMas during the second quarter valued at about $7,261,000. 99.42% of the stock is currently owned by institutional investors.

TriMas Trading Up 0.4%

NASDAQ TRS opened at $35.07 on Monday. The firm has a market cap of $1.43 billion, a PE ratio of 32.47 and a beta of 0.57. TriMas Corporation has a 1-year low of $19.33 and a 1-year high of $40.34. The stock has a 50-day moving average of $33.88 and a 200-day moving average of $35.07. The company has a current ratio of 2.68, a quick ratio of 1.42 and a debt-to-equity ratio of 0.56.

TriMas (NASDAQ:TRS) last announced its quarterly 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 12.39% and a net margin of 4.35%.The business had revenue of $269.26 million for the quarter, compared to analysts’ expectations of $262.05 million. During the same period in the previous year, the firm earned $0.43 EPS. The business’s quarterly revenue was up 17.4% on a year-over-year basis. TriMas has set its FY 2025 guidance at 2.020-2.120 EPS. As a group, sell-side analysts forecast that TriMas Corporation will post 1.69 EPS for the current year.

TriMas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Thursday, November 6th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, November 6th. TriMas’s dividend payout ratio is currently 14.81%.

Wall Street Analysts Forecast Growth

TRS has been the subject of a number of research reports. KeyCorp cut their price objective on TriMas from $45.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Zacks Research cut TriMas from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Wall Street Zen lowered TriMas from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TriMas in a research report on Monday, December 29th. Finally, BWS Financial reissued a “buy” rating and set a $45.00 price target on shares of TriMas in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

Insider Buying and Selling

In other news, Director Jeffrey A. Fielkow purchased 2,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was acquired 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 of the company’s stock, valued at approximately $555,363.38. This represents a 12.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 14.20% of the stock is owned by corporate insiders.

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.