Alberta Investment Management Corp Purchases New Holdings in TriMas Corporation $TRS

Alberta Investment Management Corp purchased a new stake in shares of TriMas Corporation (NASDAQ:TRS) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 468,400 shares of the industrial products company’s stock, valued at approximately $16,605,000. Alberta Investment Management Corp owned about 1.15% of TriMas at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TRS. Covestor Ltd grew its holdings in TriMas by 20,525.0% during the 4th quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 821 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in TriMas during the 4th quarter valued at about $29,000. Ball & Co Wealth Management Inc. bought a new position in TriMas during the 4th quarter valued at about $35,000. Quarry LP bought a new position in TriMas during the 3rd quarter valued at about $36,000. Finally, Aster Capital Management DIFC Ltd bought a new position in TriMas during the 3rd quarter valued at about $48,000. 99.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings downgraded shares of TriMas from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. BWS Financial reiterated a “buy” rating and set a $45.00 price target on shares of TriMas in a report on Monday, March 2nd. Zacks Research upgraded shares of TriMas from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, KeyCorp reiterated an “overweight” rating and set a $38.00 price target on shares of TriMas in a report on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, TriMas presently has an average rating of “Moderate Buy” and a consensus target price of $41.50.

TriMas Price Performance

TriMas stock opened at $41.78 on Tuesday. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 1.74 and a beta of 0.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.85 and a quick ratio of 4.50. TriMas Corporation has a 1 year low of $26.57 and a 1 year high of $43.72. The firm has a 50-day moving average of $39.11 and a two-hundred day moving average of $36.76.

TriMas (NASDAQ:TRS) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.24). The company had revenue of $168.28 million during the quarter, compared to analysts’ expectations of $158.24 million. TriMas had a net margin of 93.79% and a return on equity of 8.38%. TriMas’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. On average, research analysts forecast that TriMas Corporation will post 1.67 earnings per share for the current year.

TriMas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, May 7th. TriMas’s payout ratio is 0.66%.

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.