TriMas Corporation $TRS Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC lessened its holdings in TriMas Corporation (NASDAQ:TRS) by 58.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 538,371 shares of the industrial products company’s stock after selling 763,894 shares during the quarter. Pzena Investment Management LLC owned 1.32% of TriMas worth $19,085,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TRS. Covestor Ltd lifted its holdings in shares of TriMas by 20,525.0% during the fourth quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 821 shares during the period. Ball & Co Wealth Management Inc. acquired a new stake in shares of TriMas during the fourth quarter worth about $35,000. Quarry LP acquired a new stake in shares of TriMas during the third quarter worth about $36,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TriMas during the third quarter worth about $48,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of TriMas during the third quarter worth about $65,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TRS. Zacks Research raised TriMas from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. BWS Financial reaffirmed a “buy” rating and set a $45.00 target price on shares of TriMas in a report on Monday, March 2nd. Weiss Ratings raised TriMas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $38.00 target price on shares of TriMas in a report on Thursday, February 26th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.50.

TriMas Trading Up 2.6%

Shares of NASDAQ:TRS opened at $40.12 on Friday. TriMas Corporation has a 12-month low of $25.35 and a 12-month high of $43.72. The company has a market capitalization of $1.44 billion, a PE ratio of 1.67 and a beta of 0.58. The business has a 50 day moving average of $37.52 and a two-hundred day moving average of $35.81. 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 (NASDAQ:TRS) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.24 earnings per share (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 company had revenue of $168.28 million during the quarter, compared to analyst estimates of $158.24 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The company’s revenue 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, analysts forecast that TriMas Corporation will post 1.67 EPS for the current year.

TriMas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a $0.04 dividend. The ex-dividend date was Thursday, May 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. TriMas’s payout ratio is 0.66%.

TriMas Company 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.