30,460 Shares of TriMas Corporation $TRS Acquired by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 30,460 TriMas shares worth approximately $1.37 million, giving it a 0.08% stake. Institutional investors collectively own 99.42% of the company.
• Analysts maintain a favorable outlook, with three Buy ratings and one Hold rating producing a consensus “Moderate Buy” recommendation and a $41.50 price target.
• TriMas exceeded quarterly earnings expectations with EPS of $0.52 versus $0.49 expected, although revenue fell 36.5% year over year to $174.58 million. The company also declared a $0.04 quarterly dividend.

Corient Private Wealth LP bought a new stake in TriMas Corporation (NASDAQ:TRS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 30,460 shares of the industrial products company's stock, valued at approximately $1,372,000. Corient Private Wealth LP owned approximately 0.08% of TriMas at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TRS. Public Employees Retirement System of Ohio acquired a new position in shares of TriMas during the 2nd quarter worth $34,000. Ancora Advisors LLC bought a new position in TriMas in the 2nd quarter valued at approximately $2,041,000. Bank of New York Mellon Corp bought a new position in TriMas in the 2nd quarter valued at approximately $16,478,000. Next Capital Management LLC acquired a new stake in TriMas in the second quarter valued at approximately $518,000. Finally, Bank of America Corp DE boosted its position 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 valued at $138,215,000 after buying an additional 62,802 shares in the last quarter. Institutional investors own 99.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TRS. Wall Street Zen upgraded shares of TriMas from a "sell" rating to a "hold" rating in a report on Saturday, August 29th. Weiss Ratings downgraded TriMas from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday. Finally, BWS Financial restated a "buy" rating and set a $45.00 price objective on shares of TriMas in a research report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.50.

TriMas Price Performance

TRS stock opened at $39.15 on Friday. The company's 50-day moving average is $39.33 and its 200-day moving average is $39.30. The stock has a market capitalization of $1.40 billion, a PE ratio of 1.63 and a beta of 0.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 5.03. TriMas Corporation has a 1 year low of $30.43 and a 1 year high of $45.42.

TriMas (NASDAQ:TRS - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. TriMas had a return on equity of 6.41% and a net margin of 104.22%.The firm had revenue of $174.58 million during the quarter, compared to the consensus estimate of $178.44 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company's quarterly revenue was down 36.5% on a year-over-year basis. TriMas has set its FY 2026 guidance at 1.600-1.700 EPS. Equities research analysts expect that TriMas Corporation will post 1.66 EPS for the current fiscal year.

TriMas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a dividend of $0.04 per share. The ex-dividend date was Thursday, August 6th. This represents a $0.16 annualized dividend and a yield of 0.4%. TriMas's dividend payout ratio is 0.67%.

Insider Transactions at TriMas

In other TriMas news, Director Herbert K. 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 transaction of $675,450.00. Following the transaction, the director directly owned 57,762 shares of the company's stock, valued at $2,601,022.86. The trade was a 20.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is owned by corporate insiders.

About TriMas

TriMas Corporation NASDAQ: TRS is a diversified manufacturer of engineered products serving the packaging, aerospace and industrial markets. The company develops and produces specialized products designed for applications that require performance, reliability and technical expertise.

Through TriMas Packaging, the company supplies dispensing systems, closures, pumps, aerosol valves and other packaging components used in consumer, industrial, food, healthcare and personal-care products.

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