TriMas Corporation $TRS Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in shares of TriMas Corporation (NASDAQ:TRS - Free Report) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,509,919 shares of the industrial products company's stock after selling 52,109 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 7.01% of TriMas worth $91,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in TriMas by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,120 shares of the industrial products company's stock valued at $565,000 after purchasing an additional 1,014 shares during the period. Jane Street Group LLC acquired a new stake in shares of TriMas during the first quarter valued at about $868,000. Jump Financial LLC raised its position in shares of TriMas by 80.3% in the 2nd quarter. Jump Financial LLC now owns 72,240 shares of the industrial products company's stock valued at $2,067,000 after purchasing an additional 32,172 shares in the last quarter. Sei Investments Co. boosted its stake in TriMas by 16.7% during the 2nd quarter. Sei Investments Co. now owns 101,420 shares of the industrial products company's stock valued at $2,902,000 after acquiring an additional 14,512 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in TriMas by 83.3% in the second quarter. Squarepoint Ops LLC now owns 162,775 shares of the industrial products company's stock worth $4,657,000 after purchasing an additional 73,960 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company's stock.

Insider Transactions at TriMas

In related news, Director Herbert K. Parker sold 15,000 shares of the company's stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $45.03, for a total value of $675,450.00. Following the completion of the transaction, the director directly owned 57,762 shares in the company, valued at approximately $2,601,022.86. This represents a 20.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is owned by corporate insiders.

TriMas Trading Down 0.5%

Shares of TriMas stock opened at $40.68 on Friday. The company's fifty day simple moving average is $41.20 and its 200-day simple moving average is $38.09. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 1.69 and a beta of 0.59. The company has a current ratio of 4.85, a quick ratio of 4.50 and a debt-to-equity ratio of 0.27. TriMas Corporation has a 1 year low of $29.93 and a 1 year high of $45.42.

TriMas (NASDAQ:TRS - Get Free Report) last released its earnings results on Thursday, April 30th. The industrial products company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.24). TriMas had a net margin of 93.79% and a return on equity of 8.38%. The company had revenue of $168.28 million for the quarter, compared to analyst estimates of $158.24 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. TriMas's revenue for the quarter was up 10.3% compared to the same quarter last year. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. As a group, sell-side analysts expect that TriMas Corporation will post 1.67 EPS for the current year.

TriMas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, May 7th. TriMas's payout ratio is currently 0.66%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TRS shares. Zacks Research upgraded TriMas from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded TriMas from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.50.

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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