TriMas (NASDAQ:TRS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TriMas (NASDAQ:TRS) from a sell rating to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.

TRS has been the topic of several other research reports. Weiss Ratings lowered shares of TriMas from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. Zacks Research upgraded shares of TriMas from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, BWS Financial restated a “buy” rating and set a $45.00 price target on shares of TriMas in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $41.50.

TriMas Stock Down 1.9%

TRS opened at $38.78 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 5.03 and a current ratio of 5.44. The company has a market capitalization of $1.39 billion, a PE ratio of 1.61 and a beta of 0.60. The stock’s fifty day moving average is $40.62 and its 200-day moving average is $39.12. TriMas has a one year low of $30.43 and a one year high of $45.42.

TriMas (NASDAQ:TRS) last announced its earnings results on Thursday, July 30th. The industrial products company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $174.58 million during the quarter, compared to analysts’ expectations of $178.44 million. TriMas had a return on equity of 6.41% and a net margin of 104.22%.The company’s quarterly revenue was down 36.5% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share. TriMas has set its FY 2026 guidance at 1.600-1.700 EPS. On average, equities analysts predict that TriMas will post 1.67 EPS for the current fiscal year.

TriMas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. TriMas’s payout ratio is presently 0.67%.

Insider Activity at TriMas

In related news, Director Herbert K. Parker sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $45.03, for a total value of $675,450.00. Following the transaction, the director owned 57,762 shares in the company, valued at approximately $2,601,022.86. This represents a 20.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.50% of the company’s stock.

Institutional Trading of TriMas

A number of institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership increased its stake in shares of TriMas by 56.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 357,387 shares of the industrial products company’s stock worth $12,844,000 after purchasing an additional 128,811 shares during the last quarter. Punch & Associates Investment Management Inc. acquired a new stake in shares of TriMas in the 1st quarter valued at $8,795,000. Lazard Asset Management LLC lifted its stake in shares of TriMas by 43.5% in the 1st quarter. Lazard Asset Management LLC now owns 157,984 shares of the industrial products company’s stock valued at $5,678,000 after purchasing an additional 47,885 shares during the last quarter. Sei Investments Co. boosted its holdings in TriMas by 26.7% in the first quarter. Sei Investments Co. now owns 215,508 shares of the industrial products company’s stock worth $7,745,000 after purchasing an additional 45,444 shares in the last quarter. Finally, Kestrel Investment Management Corp bought a new stake in TriMas in the first quarter worth $5,375,000. 99.42% of the stock is currently owned by institutional investors and hedge funds.

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.