742,005 Shares in TriMas Corporation $TRS Acquired by Alta Fox Capital Management LLC

Key Points

• Alta Fox Capital Management LLC has acquired a new position in TriMas Corporation, purchasing 742,005 shares valued at approximately $17.39 million, which now represents 6.9% of Alta Fox's holdings.
• TriMas reported a 14.2% increase in revenue during the latest quarter, exceeding analyst expectations with earnings of $0.61 per share compared to an estimated $0.50.
• The stock received positive ratings from multiple analysts, with a consensus target price of $45.00, suggesting significant potential upside from its current trading levels.

Alta Fox Capital Management LLC acquired a new position in shares of TriMas Corporation (NASDAQ:TRS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 742,005 shares of the industrial products company's stock, valued at approximately $17,385,000. TriMas comprises approximately 6.9% of Alta Fox Capital Management LLC's holdings, making the stock its 3rd largest holding. Alta Fox Capital Management LLC owned about 1.83% of TriMas as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. State of Wyoming bought a new position in TriMas during the fourth quarter worth about $50,000. Comerica Bank boosted its position in TriMas by 214.5% during the first quarter. Comerica Bank now owns 11,119 shares of the industrial products company's stock worth $261,000 after purchasing an additional 7,584 shares during the period. ProShare Advisors LLC bought a new position in TriMas during the fourth quarter worth about $281,000. GAMMA Investing LLC boosted its position in TriMas by 3,802.9% during the first quarter. GAMMA Investing LLC now owns 14,948 shares of the industrial products company's stock worth $350,000 after purchasing an additional 14,565 shares during the period. Finally, Ancora Advisors LLC bought a new position in shares of TriMas in the first quarter valued at approximately $351,000. Hedge funds and other institutional investors own 99.42% of the company's stock.

TriMas Trading Down 1.3%

Shares of TRS traded down $0.53 during mid-day trading on Friday, reaching $38.73. The company's stock had a trading volume of 438,958 shares, compared to its average volume of 545,242. The stock has a market cap of $1.57 billion, a PE ratio of 42.56 and a beta of 0.65. The company has a current ratio of 2.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. TriMas Corporation has a 52 week low of $19.33 and a 52 week high of $39.71. The company's fifty day moving average price is $34.14 and its two-hundred day moving average price is $27.54.

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

TriMas Announces Dividend

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

Wall Street Analyst Weigh In

TRS has been the subject of a number of analyst reports. KeyCorp set a $45.00 price objective on shares of TriMas and gave the company an "overweight" rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of TriMas from a "hold" rating to a "buy" rating in a research report on Sunday, June 1st. Zacks Research upgraded shares of TriMas from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 29th. Finally, BWS Financial restated a "buy" rating and issued a $45.00 price objective (up from $40.00) on shares of TriMas in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $45.00.

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.