Roubaix Capital LLC Takes Position in TriMas Corporation $TRS

Key Points

• Roubaix Capital LLC has acquired 211,472 shares of TriMas Corporation, valued at approximately $4.95 million, making it the 13th largest holding in its investment portfolio.
• Insider buying activity has increased, with Director Adrianne Shapira purchasing 4,000 shares and Director Shawn Sedaghat buying 72,937 shares, indicating confidence in the company's future.
• TriMas reported a 14.2% increase in revenue year-over-year, with a quarterly EPS of $0.61, surpassing analysts' expectations of $0.50 for the period.

Roubaix Capital LLC bought a new stake in TriMas Corporation (NASDAQ:TRS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 211,472 shares of the industrial products company's stock, valued at approximately $4,955,000. TriMas makes up approximately 2.6% of Roubaix Capital LLC's investment portfolio, making the stock its 13th largest position. Roubaix Capital LLC owned about 0.52% of TriMas as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC raised its position in shares of TriMas by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 1,158 shares in the last quarter. State of Wyoming acquired a new stake in shares of TriMas during the 4th quarter valued at approximately $50,000. ProShare Advisors LLC acquired a new stake in shares of TriMas during the 4th quarter valued at approximately $281,000. Aquatic Capital Management LLC acquired a new stake in shares of TriMas during the 4th quarter valued at approximately $359,000. Finally, GAMMA Investing LLC raised its position in shares of TriMas by 3,802.9% during the 1st quarter. GAMMA Investing LLC now owns 14,948 shares of the industrial products company's stock valued at $350,000 after acquiring an additional 14,565 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TriMas

In other news, Director Shawn Sedaghat acquired 72,937 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average price of $26.16 per share, for a total transaction of $1,908,031.92. Following the completion of the acquisition, the director directly owned 1,883,758 shares in the company, valued at $49,279,109.28. This represents a 4.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Adrianne Shapira acquired 4,000 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was purchased at an average price of $25.82 per share, with a total value of $103,280.00. Following the acquisition, the director owned 8,476 shares of the company's stock, valued at approximately $218,850.32. This trade represents a 89.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 78,203 shares of company stock valued at $2,045,220. Insiders own 14.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TRS shares. Wall Street Zen upgraded TriMas from a "hold" rating to a "buy" rating in a research note on Sunday, June 1st. BWS Financial restated a "buy" rating and set a $45.00 price objective (up from $40.00) on shares of TriMas in a research note on Wednesday, July 30th. Finally, KeyCorp set a $45.00 price objective on TriMas and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $45.00.

TriMas Stock Performance

Shares of NASDAQ:TRS traded up $0.16 on Wednesday, hitting $37.35. The company's stock had a trading volume of 665,486 shares, compared to its average volume of 426,818. TriMas Corporation has a 12 month low of $19.33 and a 12 month high of $37.49. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 41.04 and a beta of 0.66. The stock's 50-day moving average is $31.29 and its two-hundred day moving average is $26.24. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 2.59.

TriMas (NASDAQ:TRS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.11. TriMas had a return on equity of 11.49% and a net margin of 3.83%.The company had revenue of $274.76 million during the quarter, compared to analysts' expectations of $251.18 million. During the same quarter in the prior year, the business posted $0.43 earnings per share. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. TriMas has set its FY 2025 guidance at 1.950-2.100 EPS. On average, equities research analysts forecast that TriMas Corporation will post 1.69 EPS for the current year.

TriMas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were issued a $0.04 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. TriMas's dividend payout ratio is 17.58%.

TriMas Profile

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.