TriMas Corporation $TRS Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its position in shares of TriMas Corporation (NASDAQ:TRS) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,406 shares of the industrial products company’s stock after acquiring an additional 15,100 shares during the quarter. First Eagle Investment Management LLC owned 0.73% of TriMas worth $11,453,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE boosted its position in TriMas by 0.3% during the second quarter. Bank of America Corp DE now owns 3,660,001 shares of the industrial products company’s stock worth $104,713,000 after purchasing an additional 9,602 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of TriMas by 42.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 396,533 shares of the industrial products company’s stock worth $11,345,000 after buying an additional 118,313 shares during the last quarter. Ophir Asset Management Pty Ltd purchased a new stake in shares of TriMas in the 2nd quarter worth about $7,261,000. Arrowstreet Capital Limited Partnership grew its stake in TriMas by 197.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 249,929 shares of the industrial products company’s stock valued at $7,150,000 after acquiring an additional 165,925 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in TriMas by 83.3% in the 2nd 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 last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

TriMas Stock Performance

NASDAQ TRS opened at $38.33 on Wednesday. The business’s 50-day moving average price is $35.71 and its 200 day moving average price is $36.01. 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 Corporation has a twelve month low of $19.45 and a twelve month high of $42.00. The company has a market capitalization of $1.56 billion, a PE ratio of 12.91 and a beta of 0.55.

TriMas (NASDAQ:TRS) last posted its quarterly earnings data on Thursday, February 26th. The industrial products company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The company had revenue of $155.49 million for the quarter, compared to analyst estimates of $192.96 million. TriMas had a net margin of 11.53% and a return on equity of 12.02%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. On average, research analysts predict that TriMas Corporation will post 1.69 earnings per share for the current year.

TriMas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. TriMas’s dividend payout ratio (DPR) is currently 5.39%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TRS. KeyCorp restated an “overweight” rating and set a $38.00 target price on shares of TriMas in a research report on Thursday, February 26th. BWS Financial restated a “buy” rating and set a $45.00 price objective on shares of TriMas in a research report on Monday. Wall Street Zen cut TriMas from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of TriMas in a report on Monday, December 29th. Finally, Zacks Research downgraded TriMas from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, TriMas presently has an average rating of “Moderate Buy” and an average target price of $41.50.

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.