Allspring Global Investments Holdings LLC Has $91.24 Million Position in TriMas Corporation $TRS

Allspring Global Investments Holdings LLC cut its stake in shares of TriMas Corporation (NASDAQ:TRS) by 2.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,509,919 shares of the industrial products company’s stock after selling 52,109 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.07% of TriMas worth $91,236,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Mariner LLC grew its position in TriMas by 2.2% during the 3rd quarter. Mariner LLC now owns 19,536 shares of the industrial products company’s stock worth $755,000 after acquiring an additional 414 shares during the last quarter. Ellevest Inc. lifted its position in shares of TriMas by 11.6% during the fourth quarter. Ellevest Inc. now owns 6,418 shares of the industrial products company’s stock worth $228,000 after purchasing an additional 669 shares in the last quarter. AdvisorNet Financial Inc bought a new stake in shares of TriMas during the first quarter valued at approximately $28,000. Los Angeles Capital Management LLC bought a new stake in shares of TriMas during the fourth quarter valued at approximately $29,000. Finally, Covestor Ltd increased its holdings in shares of TriMas by 20,525.0% in the fourth quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 821 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

Insider Transactions at TriMas

In other TriMas news, Director Herbert K. Parker sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $45.03, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

TriMas Stock Performance

Shares of NASDAQ TRS opened at $40.68 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 4.50 and a current ratio of 4.85. The stock has a 50 day moving average price of $41.20 and a 200 day moving average price of $38.09. The stock has a market capitalization of $1.46 billion, a PE ratio of 1.69 and a beta of 0.59. TriMas Corporation has a 52 week low of $29.93 and a 52 week high of $45.42.

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

TriMas Dividend Announcement

The firm also recently declared 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. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, May 7th. TriMas’s payout ratio is 0.66%.

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.