TriMas Corporation $TRS Shares Sold by Goldman Sachs Group Inc.

Key Points

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Goldman Sachs Group Inc. reduced its position in TriMas Corporation (NASDAQ:TRS - Free Report) by 25.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 148,592 shares of the industrial products company's stock after selling 49,620 shares during the quarter. Goldman Sachs Group Inc. owned about 0.37% of TriMas worth $3,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRS. Deutsche Bank AG boosted its position in TriMas by 45.6% during the 4th quarter. Deutsche Bank AG now owns 36,305 shares of the industrial products company's stock worth $893,000 after purchasing an additional 11,363 shares during the period. GAMMA Investing LLC lifted its stake in shares of 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 in the last quarter. Comerica Bank lifted its stake in shares of 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 in the last quarter. Ancora Advisors LLC purchased a new stake in shares of TriMas in the first quarter worth about $351,000. Finally, Alta Fox Capital Management LLC acquired a new stake in shares of TriMas in the first quarter valued at about $17,385,000. Institutional investors and hedge funds own 99.42% of the company's stock.

Analyst Ratings Changes

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

TriMas Stock Down 0.5%

NASDAQ:TRS traded down $0.18 during mid-day trading on Monday, reaching $39.74. The stock had a trading volume of 383,736 shares, compared to its average volume of 530,109. 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 capitalization of $1.62 billion, a price-to-earnings ratio of 43.67 and a beta of 0.65. TriMas Corporation has a 1-year low of $19.33 and a 1-year high of $40.26. The stock's 50 day simple moving average is $36.23 and its two-hundred day simple moving average is $28.90.

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 during the quarter, compared to analyst estimates of $251.18 million. TriMas had a return on equity of 11.49% and a net margin of 3.83%.The business's revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. TriMas has set its FY 2025 guidance at 1.950-2.100 EPS. Equities analysts anticipate that TriMas Corporation will post 1.69 EPS for the current year.

TriMas Announces Dividend

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

About TriMas

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.