Herbert Parker Sells 15,000 Shares of TriMas (NASDAQ:TRS) Stock

TriMas Corporation (NASDAQ:TRS) Director Herbert Parker sold 15,000 shares of TriMas stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $45.03, for a total value of $675,450.00. Following the sale, the director directly owned 57,762 shares of the company’s stock, valued at $2,601,022.86. This represents a 20.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TriMas Price Performance

Shares of NASDAQ TRS opened at $42.01 on Friday. The stock’s 50-day simple moving average is $40.67 and its two-hundred day simple moving average is $37.66. TriMas Corporation has a twelve month low of $28.98 and a twelve month high of $45.42. The firm has a market capitalization of $1.51 billion, a P/E ratio of 1.75 and a beta of 0.59. 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 (NASDAQ:TRS) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.24). The business had revenue of $168.28 million for the quarter, compared to the consensus estimate of $158.24 million. TriMas had a net margin of 93.79% and a return on equity of 8.38%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. As a group, equities analysts anticipate 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. Shareholders of record on Thursday, May 7th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, May 7th. This represents a $0.16 annualized dividend and a yield of 0.4%. TriMas’s payout ratio is presently 0.66%.

Hedge Funds Weigh In On TriMas

Large investors have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in TriMas by 1.7% in the first quarter. Bank of America Corp DE now owns 3,845,726 shares of the industrial products company’s stock worth $138,215,000 after buying an additional 62,802 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of TriMas by 10.4% during the first quarter. Quantinno Capital Management LP now owns 14,303 shares of the industrial products company’s stock worth $514,000 after acquiring an additional 1,345 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of TriMas by 43.5% during the first quarter. Lazard Asset Management LLC now owns 157,984 shares of the industrial products company’s stock worth $5,678,000 after acquiring an additional 47,885 shares in the last quarter. Punch & Associates Investment Management Inc. bought a new stake in shares of TriMas in the 1st quarter worth approximately $8,795,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of TriMas in the 1st quarter worth approximately $7,015,000. 99.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Zacks Research raised shares of TriMas from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings raised shares of 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

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.