Bank of America Corp DE Buys 62,802 Shares of TriMas Corporation $TRS

Key Points

• Bank of America increased its TriMas stake by 1.7%, buying 62,802 additional shares to own 3.85 million shares, or approximately 10.73% of the company. Institutional investors collectively hold 99.42% of TriMas stock.
• Analysts maintain a generally positive view, with three Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and a $41.50 price target. TriMas recently beat quarterly EPS expectations, reporting $0.52 versus the $0.49 consensus, although revenue fell 36.5% year over year.
• TriMas shares opened at $40.48, down 1.1%, while the company declared a quarterly dividend of $0.04 per share. Director Herbert K. Parker separately sold 15,000 shares for approximately $675,450 under a pre-arranged trading plan.

Bank of America Corp DE increased its position in shares of TriMas Corporation (NASDAQ:TRS - Free Report) by 1.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,845,726 shares of the industrial products company's stock after purchasing an additional 62,802 shares during the period. Bank of America Corp DE owned approximately 10.73% of TriMas worth $138,215,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Punch & Associates Investment Management Inc. purchased a new position in shares of TriMas during the first quarter valued at $8,795,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of TriMas by 56.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 357,387 shares of the industrial products company's stock valued at $12,844,000 after acquiring an additional 128,811 shares in the last quarter. Sei Investments Co. lifted its stake in TriMas by 26.7% in the first quarter. Sei Investments Co. now owns 215,508 shares of the industrial products company's stock worth $7,745,000 after acquiring an additional 45,444 shares during the period. Kestrel Investment Management Corp bought a new position in TriMas during the 1st quarter worth about $5,375,000. Finally, Principal Financial Group Inc. grew its holdings in TriMas by 65.3% during the 1st quarter. Principal Financial Group Inc. now owns 73,249 shares of the industrial products company's stock worth $2,633,000 after acquiring an additional 28,924 shares in the last quarter. Institutional investors own 99.42% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TRS. Weiss Ratings raised shares of TriMas from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, June 23rd. BWS Financial reaffirmed a "buy" rating and issued a $45.00 price target on shares of TriMas in a research report on Monday. Finally, Zacks Research upgraded shares of TriMas from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.50.

Insider Buying and Selling at TriMas

In other news, Director Herbert K. Parker sold 15,000 shares of the firm's 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 of the company's stock, valued at $2,601,022.86. This trade represents a 20.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is owned by insiders.

TriMas Stock Down 1.1%

NASDAQ:TRS opened at $40.48 on Friday. The company's 50-day simple moving average is $41.25 and its 200-day simple moving average is $38.58. The company has a debt-to-equity ratio of 0.28, a quick ratio of 4.50 and a current ratio of 5.44. TriMas Corporation has a fifty-two week low of $30.43 and a fifty-two week high of $45.42. The stock has a market capitalization of $1.45 billion, a P/E ratio of 1.68 and a beta of 0.60.

TriMas (NASDAQ:TRS - Get Free Report) last posted its earnings results on Thursday, July 30th. The industrial products company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. The company 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%. TriMas's revenue for the quarter was down 36.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share. TriMas has set its FY 2026 guidance at 1.600-1.700 EPS. On average, equities analysts anticipate that TriMas Corporation will post 1.66 earnings per share for the current fiscal year.

TriMas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, August 6th. TriMas's dividend payout ratio is currently 0.67%.

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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