TriMas Corporation $TRS Stake Raised by American Century Companies Inc.

American Century Companies Inc. grew its holdings in TriMas Corporation (NASDAQ:TRS - Free Report) by 9.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,017 shares of the industrial products company's stock after acquiring an additional 7,141 shares during the period. American Century Companies Inc. owned about 0.21% of TriMas worth $2,015,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State of Wyoming purchased a new stake in shares of TriMas during the fourth quarter worth $50,000. ProShare Advisors LLC acquired a new stake in TriMas in the fourth quarter valued at approximately $281,000. GAMMA Investing LLC raised its holdings in 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. Point72 Asset Management L.P. acquired a new stake in TriMas during the fourth quarter worth approximately $430,000. Finally, US Bancorp DE increased its holdings in shares of TriMas by 54.4% in the 1st quarter. US Bancorp DE now owns 18,712 shares of the industrial products company's stock valued at $438,000 after acquiring an additional 6,596 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

TriMas Stock Performance

Shares of NASDAQ:TRS traded down $0.53 on Friday, hitting $38.73. The company's stock had a trading volume of 438,958 shares, compared to its average volume of 545,242. TriMas Corporation has a 12 month low of $19.33 and a 12 month high of $39.71. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 42.56 and a beta of 0.65. The stock's 50-day moving average is $34.14 and its two-hundred day moving average is $27.52. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 2.59.

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 for the quarter, beating the consensus estimate of $0.50 by $0.11. TriMas had a return on equity of 11.49% and a net margin of 3.83%.The business had revenue of $274.76 million during the quarter, compared to analysts' expectations of $251.18 million. During the same quarter last year, the business posted $0.43 earnings per share. The company's quarterly revenue was up 14.2% on a year-over-year basis. TriMas has set its FY 2025 guidance at 1.950-2.100 EPS. On average, equities research analysts forecast 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 Tuesday, August 12th. Investors of record on Tuesday, August 5th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.16 annualized dividend and a yield of 0.4%. TriMas's dividend payout ratio (DPR) is currently 17.58%.

Wall Street Analysts Forecast Growth

TRS has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of TriMas from a "hold" rating to a "buy" rating in a research report on Sunday, June 1st. 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 note on Wednesday, July 30th. KeyCorp set a $45.00 price objective on shares of TriMas and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Finally, Zacks Research upgraded TriMas from a "hold" rating to a "strong-buy" rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $45.00.

TriMas Company 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.