TriMas Corporation $TRS Shares Acquired by SG Americas Securities LLC

Key Points

• SG Americas Securities LLC boosted its stake in TriMas by 505.8% in Q4, buying 70,667 shares to own 84,639 shares (about 0.21% of the company) valued at roughly $3.0 million.
• TriMas reported Q4 EPS of $0.40 (missed by $0.01) and revenue of $139.97 million versus analysts' $192.96 million estimate, signaling a notable revenue shortfall despite year-over-year revenue growth.
• Analysts hold a consensus rating of "Hold" on TRS with an average price target of $41.50, amid mixed individual ratings ranging from Buy to Strong Sell.

SG Americas Securities LLC grew its position in TriMas Corporation (NASDAQ:TRS - Free Report) by 505.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,639 shares of the industrial products company's stock after purchasing an additional 70,667 shares during the period. SG Americas Securities LLC owned approximately 0.21% of TriMas worth $3,000,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quarry LP acquired a new position in shares of TriMas during the third quarter worth $36,000. Aster Capital Management DIFC Ltd bought a new stake in shares of TriMas in the 3rd quarter valued at approximately $48,000. State of Wyoming acquired a new stake in shares of TriMas during the second quarter worth $65,000. State of Alaska Department of Revenue bought a new position in TriMas in the third quarter worth about $65,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of TriMas by 35.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,319 shares of the industrial products company's stock worth $95,000 after purchasing an additional 868 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TRS shares. BWS Financial reaffirmed a "buy" rating and set a $45.00 price target on shares of TriMas in a report on Monday, March 2nd. Wall Street Zen lowered shares of TriMas from a "buy" rating to a "hold" rating in a research note on Saturday, December 6th. Zacks Research cut TriMas from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 5th. KeyCorp reissued an "overweight" rating and set a $38.00 target price on shares of TriMas in a research note on Thursday, February 26th. Finally, Weiss Ratings downgraded TriMas from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $41.50.

TriMas Price Performance

TRS opened at $35.68 on Friday. The stock has a fifty day moving average price of $36.16 and a 200 day moving average price of $35.67. The company has a current ratio of 2.52, a quick ratio of 1.93 and a debt-to-equity ratio of 0.66. TriMas Corporation has a 1 year low of $19.45 and a 1 year high of $42.00. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 12.01 and a beta of 0.61.

TriMas (NASDAQ:TRS - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The industrial products company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.01). The firm had revenue of ($139.97) million for the quarter, compared to analysts' expectations of $192.96 million. TriMas had a return on equity of 12.04% and a net margin of 11.53%.The firm's revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the business earned $0.43 earnings per share. Analysts forecast that TriMas Corporation will post 1.69 EPS for the current fiscal year.

TriMas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 27th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, February 27th. TriMas's dividend payout ratio (DPR) 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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