15,000 Shares in TriMas Corporation $TRS Purchased by Ancora Advisors LLC

Key Points

• Ancora Advisors LLC has initiated a new position in TriMas Corporation, purchasing 15,000 shares valued at approximately $351,000 during the first quarter.
• TriMas Corporation recently reported earnings of $0.61 per share for the quarter, exceeding market expectations of $0.50 and showcasing a revenue increase of 14.2% year-over-year.
• Wall Street analysts have given a positive outlook on TriMas, with an average target price of $45.00 and multiple "buy" ratings following recent research reports.

Ancora Advisors LLC purchased a new stake in shares of TriMas Corporation (NASDAQ:TRS - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,000 shares of the industrial products company's stock, valued at approximately $351,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Wyoming bought a new position in TriMas during the 4th quarter valued at approximately $50,000. Comerica Bank raised its position in TriMas by 214.5% during the 1st quarter. Comerica Bank now owns 11,119 shares of the industrial products company's stock valued at $261,000 after purchasing an additional 7,584 shares during the last quarter. ProShare Advisors LLC bought a new position in TriMas during the 4th quarter valued at approximately $281,000. GAMMA Investing LLC raised its position in 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 purchasing an additional 14,565 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of TriMas in the 4th quarter worth approximately $430,000. Institutional investors own 99.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TRS. Zacks Research raised TriMas from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 29th. BWS Financial reissued a "buy" rating and issued a $45.00 target price (up previously from $40.00) on shares of TriMas in a research report on Wednesday, July 30th. KeyCorp set a $45.00 target price on TriMas and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen raised TriMas from a "hold" rating to a "buy" rating in a research report on Sunday, June 1st. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $45.00.

TriMas Stock Down 0.5%

TRS stock traded down $0.20 on Friday, reaching $39.00. 616,231 shares of the company traded hands, compared to its average volume of 543,456. TriMas Corporation has a one year low of $19.33 and a one year high of $39.71. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.44. The company has a market cap of $1.58 billion, a P/E ratio of 42.86 and a beta of 0.65. The firm has a fifty day simple moving average of $35.07 and a 200-day simple moving average of $28.07.

TriMas (NASDAQ:TRS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $251.18 million. During the same quarter last year, the company earned $0.43 EPS. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. TriMas has set its FY 2025 guidance at 1.950-2.100 EPS. Research analysts anticipate that TriMas Corporation will post 1.69 earnings per share for the current year.

TriMas Announces Dividend

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