Tudor Investment Corp ET AL Makes New $9.42 Million Investment in TriMas Corporation $TRS

Key Points

• Tudor Investment Corp ET AL established a new position in TriMas, acquiring 243,767 shares worth about $9.42 million (roughly 0.60% of the company).
• Other institutions made sizable moves—Bank of America now holds 3.81M shares (~$147.2M) and Capital International opened a ~$111.7M stake—leaving institutional ownership near 99.42%.
• TriMas recently missed quarterly estimates (EPS $0.40 vs. $0.41 expected; revenue ~$139.97M vs. $192.96M expected), trades in the mid-$30s with a P/E around 11.9, and pays a small dividend (~0.5% yield).

Tudor Investment Corp ET AL acquired a new position in TriMas Corporation (NASDAQ:TRS - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 243,767 shares of the industrial products company's stock, valued at approximately $9,419,000. Tudor Investment Corp ET AL owned about 0.60% of TriMas at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in TriMas by 4.1% in the 3rd quarter. Bank of America Corp DE now owns 3,810,233 shares of the industrial products company's stock worth $147,227,000 after acquiring an additional 150,232 shares during the last quarter. Capital International Investors bought a new stake in TriMas in the 3rd quarter worth approximately $111,673,000. Kennedy Capital Management LLC increased its stake in TriMas by 0.9% in the 3rd quarter. Kennedy Capital Management LLC now owns 778,979 shares of the industrial products company's stock worth $30,100,000 after acquiring an additional 7,074 shares during the last quarter. Two Sigma Investments LP increased its stake in TriMas by 151.3% in the 3rd quarter. Two Sigma Investments LP now owns 427,032 shares of the industrial products company's stock worth $16,501,000 after acquiring an additional 257,131 shares during the last quarter. Finally, Alpha Wave Global LP increased its stake in TriMas by 363.7% in the 3rd quarter. Alpha Wave Global LP now owns 342,342 shares of the industrial products company's stock worth $13,228,000 after acquiring an additional 268,510 shares during the last quarter. Institutional investors own 99.42% of the company's stock.

TriMas Price Performance

TRS opened at $35.45 on Tuesday. The business has a fifty day moving average of $36.17 and a 200 day moving average of $35.59. TriMas Corporation has a 52-week low of $19.45 and a 52-week high of $42.00. The company has a quick ratio of 1.93, a current ratio of 2.52 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.30 billion, a P/E ratio of 11.94 and a beta of 0.61.

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

TriMas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 27th were issued a dividend of $0.04 per share. The ex-dividend date was Friday, February 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. TriMas's payout ratio is presently 5.39%.

Analyst Ratings Changes

TRS has been the topic of a number of research reports. Weiss Ratings downgraded TriMas from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, March 30th. Zacks Research cut TriMas from a "hold" rating to a "strong sell" rating in a report on Thursday, March 5th. KeyCorp reiterated an "overweight" rating and issued a $38.00 target price on shares of TriMas in a report on Thursday, February 26th. Finally, BWS Financial reiterated a "buy" rating and issued a $45.00 target price on shares of TriMas in a report on Monday, March 2nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, TriMas has an average rating of "Hold" and an average price target 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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