TriMas Corporation $TRS Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in TriMas Corporation, now owning approximately 614,023 shares valued at $14.39 million, representing a 1.4% increase in the first quarter.
• TriMas has shown strong quarterly performance, reporting an EPS of $0.61, exceeding analysts' expectations, and a revenue of $274.76 million, which is a 14.2% increase year-over-year.
• The company declared a quarterly dividend of $0.04 per share, with a current annualized dividend of $0.16, translating to a yield of 0.4% and a payout ratio of 17.58%.

Charles Schwab Investment Management Inc. raised its holdings in shares of TriMas Corporation (NASDAQ:TRS - Free Report) by 1.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 614,023 shares of the industrial products company's stock after purchasing an additional 8,521 shares during the period. Charles Schwab Investment Management Inc. owned 1.51% of TriMas worth $14,387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC increased its position in shares of TriMas by 815.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 1,158 shares in the last quarter. State of Wyoming purchased a new position in shares of TriMas during the 4th quarter worth $50,000. ProShare Advisors LLC purchased a new position in shares of TriMas during the 4th quarter valued at $281,000. GAMMA Investing LLC lifted its stake in shares of TriMas by 3,802.9% during the 1st quarter. GAMMA Investing LLC now owns 14,948 shares of the industrial products company's stock valued at $350,000 after buying an additional 14,565 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of TriMas during the 4th quarter valued at $359,000. Institutional investors own 99.42% of the company's stock.

TriMas Price Performance

Shares of NASDAQ TRS traded down $0.02 during trading on Thursday, hitting $38.66. The company had a trading volume of 186,732 shares, compared to its average volume of 428,743. The stock has a fifty day simple moving average of $32.61 and a two-hundred day simple moving average of $26.81. TriMas Corporation has a fifty-two week low of $19.33 and a fifty-two week high of $39.09. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 42.48 and a beta of 0.66. The company has a quick ratio of 1.44, a current ratio of 2.59 and a debt-to-equity ratio of 0.59.

TriMas (NASDAQ:TRS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.11. The firm had revenue of $274.76 million for the quarter, compared to analyst estimates of $251.18 million. TriMas had a net margin of 3.83% and a return on equity of 11.49%. TriMas's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. TriMas has set its FY 2025 guidance at 1.950-2.100 EPS. On average, research analysts expect that TriMas Corporation will post 1.69 earnings per share for the current year.

TriMas Dividend Announcement

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

Analysts Set New Price Targets

TRS has been the topic of several research analyst reports. KeyCorp set a $45.00 price target on shares of TriMas and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. BWS Financial reiterated a "buy" rating and set a $45.00 price target (up from $40.00) on shares of TriMas in a report on Wednesday, July 30th. Finally, Wall Street Zen upgraded shares of TriMas from a "hold" rating to a "buy" rating in a research note on Sunday, June 1st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $45.00.

Insiders Place Their Bets

In other TriMas news, Director Adrianne Shapira bought 4,000 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were acquired at an average cost of $25.82 per share, with a total value of $103,280.00. Following the purchase, the director directly owned 8,476 shares of the company's stock, valued at $218,850.32. This trade represents a 89.37% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have purchased 5,266 shares of company stock valued at $137,188. Company insiders own 14.20% of the company's stock.

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.