SG Americas Securities LLC Has $23.98 Million Stock Holdings in TriMas Corporation $TRS

SG Americas Securities LLC grew its stake in shares of TriMas Corporation (NASDAQ:TRS) by 688.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 667,091 shares of the industrial products company’s stock after purchasing an additional 582,452 shares during the period. SG Americas Securities LLC owned about 1.82% of TriMas worth $23,975,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Los Angeles Capital Management LLC purchased a new position in TriMas in the 4th quarter worth about $29,000. Covestor Ltd lifted its stake in TriMas by 20,525.0% during the fourth quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock valued at $29,000 after buying an additional 821 shares in the last quarter. Quarry LP acquired a new position in shares of TriMas in the third quarter worth about $36,000. Ball & Co Wealth Management Inc. acquired a new position in shares of TriMas in the fourth quarter worth about $35,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of TriMas by 1,958.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,029 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 979 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Stock Performance

TRS stock opened at $43.60 on Thursday. The firm has a 50 day simple moving average of $39.95 and a 200 day simple moving average of $37.23. TriMas Corporation has a 52 week low of $27.53 and a 52 week high of $44.87. The stock has a market cap of $1.56 billion, a P/E ratio of 1.81 and a beta of 0.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 4.50 and a current ratio of 4.85.

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

TriMas Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on TRS. KeyCorp restated an “overweight” rating and issued a $38.00 price target on shares of TriMas in a research report on Thursday, February 26th. Zacks Research upgraded shares of TriMas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings raised shares of TriMas from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Finally, BWS Financial restated a “buy” rating and issued a $45.00 target price on shares of TriMas in a report on Monday, March 2nd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently 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.