Principal Financial Group Inc. Takes Position in TriMas Corporation $TRS

Principal Financial Group Inc. bought a new position in shares of TriMas Corporation (NASDAQ:TRS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,928 shares of the industrial products company’s stock, valued at approximately $1,195,000.

Several other institutional investors have also recently added to or reduced their stakes in TRS. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in TriMas by 8.1% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,693 shares of the industrial products company’s stock worth $336,000 after acquiring an additional 654 shares during the period. BNP Paribas Financial Markets lifted its holdings 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 purchasing an additional 868 shares during the period. AE Wealth Management LLC grew its position in TriMas by 13.2% in the 3rd quarter. AE Wealth Management LLC now owns 8,408 shares of the industrial products company’s stock valued at $325,000 after buying an additional 982 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in TriMas by 4.4% in 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 buying an additional 1,014 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in TriMas during the 3rd quarter worth $65,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

Analysts Set New Price Targets

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

TriMas Stock Performance

NASDAQ TRS opened at $36.58 on Wednesday. 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 moving average of $35.12 and a 200-day moving average of $35.89. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 33.87 and a beta of 0.57.

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.