Campbell & CO Investment Adviser LLC Invests $1.45 Million in TriMas Corporation $TRS

Campbell & CO Investment Adviser LLC bought a new stake in TriMas Corporation (NASDAQ:TRS) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 50,820 shares of the industrial products company’s stock, valued at approximately $1,454,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AE Wealth Management LLC purchased a new stake in TriMas in the second quarter valued at $212,000. Fox Run Management L.L.C. acquired a new stake in shares of TriMas during the second quarter worth about $473,000. First Eagle Investment Management LLC lifted its holdings in shares of TriMas by 3.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 281,306 shares of the industrial products company’s stock valued at $8,048,000 after purchasing an additional 8,800 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of TriMas in the 2nd quarter valued at about $635,000. Finally, Teacher Retirement System of Texas purchased a new position in TriMas during the 2nd quarter worth approximately $292,000. 99.42% of the stock is currently owned by institutional investors and hedge funds.

TriMas Price Performance

TriMas stock opened at $31.54 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.44. The business has a 50 day simple moving average of $37.36 and a 200-day simple moving average of $32.55. TriMas Corporation has a 12 month low of $19.33 and a 12 month high of $40.34. The stock has a market capitalization of $1.28 billion, a PE ratio of 29.20 and a beta of 0.64.

TriMas (NASDAQ:TRS) last announced its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. TriMas had a net margin of 4.35% and a return on equity of 12.39%. The company had revenue of $269.26 million for the quarter, compared to analysts’ expectations of $262.05 million. During the same period in the previous year, the company posted $0.43 EPS. TriMas’s revenue was up 17.4% compared to the same quarter last year. TriMas has set its FY 2025 guidance at 2.020-2.120 EPS. Equities analysts predict that TriMas Corporation will post 1.69 earnings per share for the current year.

TriMas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, November 6th will be given a $0.04 dividend. The ex-dividend date is Thursday, November 6th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. TriMas’s dividend payout ratio (DPR) is presently 14.81%.

Analyst Ratings Changes

TRS has been the subject of a number of research reports. KeyCorp set a $45.00 price objective on TriMas and gave the company an “overweight” rating in a research note on Tuesday, August 12th. Zacks Research upgraded shares of TriMas from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 29th. BWS Financial reiterated a “buy” rating and set a $45.00 price target on shares of TriMas in a research note on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of TriMas in a research note on Wednesday, October 8th. 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 stock. According to MarketBeat, TriMas has an average rating of “Buy” and an average price target of $45.00.

TriMas Profile

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.