VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.03 Million in TriMas Corporation $TRS

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of TriMas Corporation (NASDAQ:TRS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,852 shares of the industrial products company's stock, valued at approximately $1,026,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.09% of TriMas at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in TriMas by 4.4% in the 1st 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 in the last quarter. Bank of New York Mellon Corp raised its position in shares of TriMas by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 247,761 shares of the industrial products company's stock worth $5,805,000 after buying an additional 1,664 shares during the period. First Manhattan CO. LLC. raised its position in shares of TriMas by 0.6% in the 1st quarter. First Manhattan CO. LLC. now owns 365,637 shares of the industrial products company's stock worth $8,567,000 after buying an additional 2,100 shares during the period. US Bancorp DE raised its position in shares of TriMas by 54.4% in the 1st quarter. US Bancorp DE now owns 18,712 shares of the industrial products company's stock worth $438,000 after buying an additional 6,596 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of TriMas by 44.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 22,765 shares of the industrial products company's stock worth $533,000 after buying an additional 7,016 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRS has been the topic of several research reports. BWS Financial reaffirmed a "buy" rating and issued a $45.00 target price (up from $40.00) on shares of TriMas in a research report on Wednesday, July 30th. KeyCorp set a $45.00 target price on TriMas and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of TriMas in a research report on Wednesday, October 8th. Finally, Zacks Research raised TriMas from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $45.00.

TriMas Trading Up 2.8%

NASDAQ:TRS opened at $39.45 on Friday. The business's 50-day moving average is $38.16 and its two-hundred day moving average is $31.04. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.44. TriMas Corporation has a 12 month low of $19.33 and a 12 month high of $40.34. The firm has a market capitalization of $1.60 billion, a PE ratio of 43.35 and a beta of 0.62.

TriMas (NASDAQ:TRS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.61 EPS for the quarter, beating 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 company had revenue of $274.76 million for the quarter, compared to analyst estimates of $251.18 million. During the same period last year, the company posted $0.43 earnings per share. The firm's 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. Research analysts predict that TriMas Corporation will post 1.69 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, November 6th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 6th. TriMas's payout ratio is presently 17.58%.

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.

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