Jump Financial LLC Purchases 28,641 Shares of TriMas Corporation $TRS

Key Points

• Jump Financial LLC significantly increased its position in TriMas Corporation by 250.6% in the first quarter, now holding $939,000 worth of shares.
• TriMas has received a consensus rating of "Buy" from analysts, with a price target set at $45.00.
• The company's recent quarterly earnings report showed a 14.2% year-over-year revenue increase and EPS of $0.61, exceeding estimates.

Jump Financial LLC boosted its stake in TriMas Corporation (NASDAQ:TRS - Free Report) by 250.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,068 shares of the industrial products company's stock after acquiring an additional 28,641 shares during the period. Jump Financial LLC owned 0.10% of TriMas worth $939,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State of Wyoming bought a new stake in TriMas in the 4th quarter valued at about $50,000. ProShare Advisors LLC purchased a new position in shares of TriMas in the fourth quarter worth approximately $281,000. GAMMA Investing LLC increased its position in shares of TriMas by 3,802.9% in the first quarter. GAMMA Investing LLC now owns 14,948 shares of the industrial products company's stock worth $350,000 after acquiring an additional 14,565 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of TriMas in the fourth quarter worth approximately $359,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of TriMas in the fourth quarter worth approximately $430,000. 99.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

TriMas Price Performance

Shares of TriMas stock traded up $0.67 during mid-day trading on Thursday, reaching $39.26. 525,470 shares of the stock were exchanged, compared to its average volume of 545,432. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 43.14 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. The firm has a 50-day simple moving average of $33.93 and a 200 day simple moving average of $27.41. TriMas Corporation has a fifty-two week low of $19.33 and a fifty-two week high of $39.27.

TriMas (NASDAQ:TRS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.11. The business had revenue of $274.76 million during the quarter, compared to analysts' expectations 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 quarter last year, the company posted $0.43 EPS. TriMas has set its FY 2025 guidance at 1.950-2.100 EPS. On average, sell-side analysts predict that TriMas Corporation will post 1.69 EPS for the current fiscal year.

TriMas Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend 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.