TriMas Corporation $TRS Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. trimmed its stake in TriMas Corporation (NASDAQ:TRS) by 13.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 91,600 shares of the industrial products company’s stock after selling 14,300 shares during the period. Hillsdale Investment Management Inc. owned about 0.25% of TriMas worth $3,292,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 purchasing an additional 1,014 shares during the last quarter. Jane Street Group LLC purchased a new stake in TriMas in the first quarter valued at approximately $868,000. Jump Financial LLC lifted its stake in TriMas by 80.3% during the second quarter. Jump Financial LLC now owns 72,240 shares of the industrial products company’s stock worth $2,067,000 after purchasing an additional 32,172 shares in the last quarter. Sei Investments Co. lifted its stake in TriMas by 16.7% during the second quarter. Sei Investments Co. now owns 101,420 shares of the industrial products company’s stock worth $2,902,000 after purchasing an additional 14,512 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of TriMas by 83.3% during the second quarter. Squarepoint Ops LLC now owns 162,775 shares of the industrial products company’s stock worth $4,657,000 after buying an additional 73,960 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Zacks Research upgraded TriMas from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded TriMas from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.50.

Insider Buying and Selling

In other TriMas news, Director Herbert K. Parker sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $45.03, for a total transaction of $675,450.00. Following the sale, the director owned 57,762 shares in the company, valued at $2,601,022.86. This represents a 20.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is owned by insiders.

TriMas Price Performance

TriMas stock opened at $40.39 on Thursday. The company has a quick ratio of 4.50, a current ratio of 4.85 and a debt-to-equity ratio of 0.27. TriMas Corporation has a 52-week low of $29.07 and a 52-week high of $45.42. The firm has a market cap of $1.45 billion, a PE ratio of 1.68 and a beta of 0.59. The company’s 50 day moving average is $41.26 and its two-hundred day moving average is $38.04.

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

TriMas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a dividend of $0.04 per share. 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 presently 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.