Champlain Investment Partners LLC Trims Stake in TriMas Corporation $TRS

Key Points

• Champlain Investment Partners LLC significantly reduced its holdings in TriMas Corporation by 67.1%, lowering its ownership from approximately 1.03 million shares to 351,137 shares.
• Analysts have upgraded TriMas's rating to buy, with firms like KeyCorp setting a target price of $45.00 per share.
• TriMas recently declared a quarterly dividend of $0.04 per share, with a dividend yield of 0.4% and a payout ratio of 17.58%.

Champlain Investment Partners LLC cut its position in TriMas Corporation (NASDAQ:TRS - Free Report) by 67.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,137 shares of the industrial products company's stock after selling 717,116 shares during the quarter. Champlain Investment Partners LLC owned 0.86% of TriMas worth $8,227,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. State of Wyoming acquired a new stake in shares of TriMas in the fourth quarter valued at $50,000. Comerica Bank grew its stake in TriMas by 214.5% during the 1st quarter. Comerica Bank now owns 11,119 shares of the industrial products company's stock worth $261,000 after purchasing an additional 7,584 shares in the last quarter. ProShare Advisors LLC acquired a new position in TriMas during the 4th quarter worth $281,000. Aquatic Capital Management LLC acquired a new position in TriMas during the 4th quarter worth $359,000. Finally, GAMMA Investing LLC grew its stake in TriMas by 3,802.9% during the 1st 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. 99.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TriMas

In other news, Director Adrianne Shapira bought 4,000 shares of TriMas stock in a transaction dated Thursday, June 5th. The stock was acquired at an average cost of $25.82 per share, with a total value of $103,280.00. Following the acquisition, the director owned 8,476 shares of the company's stock, valued at approximately $218,850.32. This trade represents a 89.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders bought 5,266 shares of company stock valued at $137,188. 14.20% of the stock is currently owned by insiders.

TriMas Stock Down 0.3%

Shares of NASDAQ:TRS traded down $0.10 on Friday, hitting $38.67. 499,103 shares of the company's stock were exchanged, compared to its average volume of 551,264. The firm's 50-day moving average is $33.07 and its 200 day moving average is $27.03. The company has a market capitalization of $1.57 billion, a PE ratio of 42.49 and a beta of 0.66. TriMas Corporation has a 1-year low of $19.33 and a 1-year high of $39.09. 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 released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the firm posted $0.43 EPS. The business's quarterly revenue was up 14.2% compared to the same quarter last year. TriMas has set its FY 2025 guidance at 1.950-2.100 EPS. Sell-side analysts predict 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. Stockholders of record on Tuesday, August 5th were issued 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 payout ratio is presently 17.58%.

Analysts Set New Price Targets

Several research firms recently commented on TRS. Wall Street Zen raised TriMas from a "hold" rating to a "buy" rating in a research note on Sunday, June 1st. KeyCorp set a $45.00 target price on TriMas and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. Finally, BWS Financial reissued a "buy" rating and set a $45.00 target price (up from $40.00) on shares of TriMas in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, TriMas has a consensus rating of "Buy" and a consensus target price of $45.00.

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.