45,318 Shares in TriMas Corporation $TRS Bought by Ancora Advisors LLC

Key Points

• Ancora Advisors purchased 45,318 TriMas shares worth approximately $2.04 million, while institutional investors collectively own 99.42% of the company.
• TriMas exceeded quarterly EPS expectations, reporting $0.52 versus the $0.49 consensus estimate, although revenue fell 36.5% year over year to $174.58 million.
• The stock opened at $40.14, near analysts’ $41.50 consensus price target; ratings remain generally positive with a “Moderate Buy” consensus, despite one recent downgrade to “Sell.”

Ancora Advisors LLC bought a new position in TriMas Corporation (NASDAQ:TRS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 45,318 shares of the industrial products company's stock, valued at approximately $2,041,000. Ancora Advisors LLC owned 0.13% of TriMas at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in TriMas in the second quarter valued at about $16,478,000. Next Capital Management LLC purchased a new position in shares of TriMas during the 2nd quarter valued at approximately $518,000. Bank of America Corp DE grew its position in shares of TriMas by 1.7% during 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 grew its position 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 buying an additional 1,345 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of TriMas by 43.5% in the first quarter. Lazard Asset Management LLC now owns 157,984 shares of the industrial products company's stock worth $5,678,000 after buying an additional 47,885 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

TriMas Stock Performance

Shares of TRS stock opened at $40.14 on Thursday. TriMas Corporation has a 12-month low of $30.43 and a 12-month high of $45.42. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 1.67 and a beta of 0.60. The business has a 50 day simple moving average of $40.90 and a 200 day simple moving average of $39.05. 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 (NASDAQ:TRS - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $174.58 million during the quarter, compared to analysts' expectations of $178.44 million. TriMas had a net margin of 104.22% and a return on equity of 6.41%. The business's revenue was down 36.5% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. TriMas has set its FY 2026 guidance at 1.600-1.700 EPS. On average, equities research analysts anticipate that TriMas Corporation will post 1.67 EPS for the current year.

TriMas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. TriMas's dividend payout ratio is currently 0.67%.

Insider Activity at TriMas

In other news, Director Herbert K. Parker sold 15,000 shares of the stock in a transaction 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 completion of 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 document filed 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 currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BWS Financial reiterated a "buy" rating and issued a $45.00 target price on shares of TriMas in a research report on Monday, August 3rd. Weiss Ratings lowered TriMas from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 18th. Wall Street Zen cut TriMas from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Finally, Zacks Research raised shares of TriMas from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.50.

TriMas 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.

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