Icon Advisers Inc. Co. Trims Stock Position in TriMas Corporation $TRS

Key Points

• Icon Advisers trimmed its stake in TriMas by 44.3% in Q3, selling 62,000 shares and now holding 78,000 shares (about 0.19% of the company) valued at roughly $3.01 million.
• TriMas reported quarterly EPS of $0.40 versus a $0.41 estimate and revenue of $155.49M versus $192.96M expected, a sizable revenue miss despite 12.4% year‑over‑year revenue growth, and the stock fell about 3.2%.
• Analyst sentiment is mixed—two Buys, one Hold and one Sell—resulting in an average rating of "Hold" and an average price target of $41.50, while institutional investors own about 99.42% of the stock.

Icon Advisers Inc. Co. trimmed its position in TriMas Corporation (NASDAQ:TRS - Free Report) by 44.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,000 shares of the industrial products company's stock after selling 62,000 shares during the quarter. Icon Advisers Inc. Co. owned about 0.19% of TriMas worth $3,014,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of TriMas during the 3rd quarter worth approximately $48,000. State of Alaska Department of Revenue acquired a new position in TriMas in the third quarter valued at approximately $65,000. State of Wyoming acquired a new position in TriMas in the second quarter valued at approximately $65,000. USA Financial Formulas purchased a new position in TriMas in the third quarter worth approximately $111,000. Finally, BNP Paribas Financial Markets grew its position in TriMas by 35.4% in the second quarter. BNP Paribas Financial Markets now owns 3,319 shares of the industrial products company's stock worth $95,000 after acquiring an additional 868 shares during the period. Hedge funds and other institutional investors own 99.42% of the company's stock.

Analyst Upgrades and Downgrades

TRS has been the topic of a number of research analyst reports. Wall Street Zen downgraded TriMas from a "buy" rating to a "hold" rating in a research report on Saturday, December 6th. BWS Financial reiterated a "buy" rating and set a $45.00 price target on shares of TriMas in a report on Monday, March 2nd. KeyCorp reissued an "overweight" rating and set a $38.00 price objective on shares of TriMas in a research report on Thursday, February 26th. Weiss Ratings restated a "hold (c+)" rating on shares of TriMas in a report on Monday, December 29th. Finally, Zacks Research cut shares of TriMas from a "hold" rating to a "strong sell" rating in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $41.50.

TriMas Stock Down 3.2%

Shares of NASDAQ TRS opened at $37.44 on Friday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 12.61 and a beta of 0.55. The company has a quick ratio of 1.42, a current ratio of 2.52 and a debt-to-equity ratio of 0.66. TriMas Corporation has a 52-week low of $19.45 and a 52-week high of $42.00. The business's 50 day moving average is $35.88 and its two-hundred day moving average is $36.05.

TriMas (NASDAQ:TRS - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The industrial products company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.01). TriMas had a return on equity of 12.04% and a net margin of 11.53%.The firm had revenue of $155.49 million for the quarter, compared to analyst estimates of $192.96 million. During the same quarter last year, the company earned $0.43 earnings per share. The firm's revenue for the quarter was up 12.4% on a year-over-year basis. Research analysts predict that TriMas Corporation will post 1.69 EPS for the current year.

TriMas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 27th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.16 annualized dividend and a yield of 0.4%. TriMas's dividend payout ratio is presently 5.39%.

About TriMas

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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