SG Americas Securities LLC Has $23.98 Million Stake in TriMas Corporation $TRS

SG Americas Securities LLC lifted its position in TriMas Corporation (NASDAQ:TRS) by 688.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 667,091 shares of the industrial products company’s stock after buying an additional 582,452 shares during the quarter. SG Americas Securities LLC’s holdings in TriMas were worth $23,975,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its position in TriMas by 1,958.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,029 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 979 shares in the last quarter. Invesco Ltd. lifted its stake in TriMas by 2.5% in the fourth quarter. Invesco Ltd. now owns 76,578 shares of the industrial products company’s stock valued at $2,715,000 after acquiring an additional 1,854 shares during the last quarter. Alberta Investment Management Corp bought a new stake in TriMas in the fourth quarter worth approximately $16,605,000. Beartown Capital Management LLC acquired a new position in shares of TriMas during the 4th quarter worth $354,000. Finally, XTX Topco Ltd increased its stake in shares of TriMas by 308.7% during the 4th quarter. XTX Topco Ltd now owns 82,214 shares of the industrial products company’s stock worth $2,914,000 after purchasing an additional 62,100 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Trading Up 1.2%

Shares of TRS stock opened at $43.60 on Thursday. TriMas Corporation has a 12 month low of $27.53 and a 12 month high of $44.87. The company has a quick ratio of 4.50, a current ratio of 4.85 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $39.95 and its two-hundred day moving average is $37.23. The company has a market cap of $1.56 billion, a PE ratio of 1.81 and a beta of 0.60.

TriMas (NASDAQ:TRS) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.24). TriMas had a net margin of 93.79% and a return on equity of 8.38%. The firm had revenue of $168.28 million during the quarter, compared to the consensus estimate of $158.24 million. During the same period in the prior year, the business earned $0.46 EPS. The company’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. Equities analysts predict that TriMas Corporation will post 1.67 EPS for the current year.

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, May 7th. TriMas’s dividend payout ratio (DPR) is 0.66%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TRS. BWS Financial reaffirmed a “buy” rating and issued a $45.00 price objective on shares of TriMas in a research note on Monday, March 2nd. Weiss Ratings raised shares of TriMas from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. KeyCorp restated an “overweight” rating and set a $38.00 target price on shares of TriMas in a report on Thursday, February 26th. Finally, Zacks Research upgraded TriMas from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.50.

TriMas Profile

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.