Apexium Financial LP Acquires Shares of 8,500 TriMas Corporation $TRS

Apexium Financial LP acquired a new stake in TriMas Corporation (NASDAQ:TRSFree Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,500 shares of the industrial products company’s stock, valued at approximately $243,000.

A number of other institutional investors also recently added to or reduced their stakes in TRS. Comerica Bank boosted its holdings in TriMas by 214.5% in the 1st quarter. Comerica Bank now owns 11,119 shares of the industrial products company’s stock valued at $261,000 after purchasing an additional 7,584 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of TriMas by 3,802.9% during the 1st quarter. GAMMA Investing LLC now owns 14,948 shares of the industrial products company’s stock worth $350,000 after acquiring an additional 14,565 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of TriMas during the 1st quarter worth approximately $351,000. US Bancorp DE boosted its stake in shares of TriMas by 54.4% during the 1st quarter. US Bancorp DE now owns 18,712 shares of the industrial products company’s stock worth $438,000 after acquiring an additional 6,596 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of TriMas during the 1st quarter worth approximately $489,000. Hedge funds and other institutional investors own 99.42% of the company’s stock.

TriMas Price Performance

TRS stock opened at $37.71 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 2.59. The firm has a market cap of $1.53 billion, a P/E ratio of 41.44 and a beta of 0.62. The stock’s 50 day moving average price is $37.63 and its 200 day moving average price is $29.73. TriMas Corporation has a 1 year low of $19.33 and a 1 year high of $40.34.

TriMas (NASDAQ:TRSGet Free Report) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.11. The business had revenue of $274.76 million for the quarter, compared to analyst estimates of $251.18 million. TriMas had a return on equity of 11.49% and a net margin of 3.83%.The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. TriMas has set its FY 2025 guidance at 1.950-2.100 EPS. On average, sell-side analysts expect that TriMas Corporation will post 1.69 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, August 5th. TriMas’s dividend payout ratio (DPR) is 17.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. BWS Financial reissued a “buy” rating and set a $45.00 price target (up previously from $40.00) on shares of TriMas in a research note on Wednesday, July 30th. Zacks Research raised TriMas from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 29th. Weiss Ratings reissued a “hold (c)” rating on shares of TriMas in a research note on Saturday, September 27th. Finally, KeyCorp set a $45.00 price target on TriMas and gave the stock an “overweight” rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $45.00.

View Our Latest Report on TriMas

About TriMas

(Free Report)

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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Institutional Ownership by Quarter for TriMas (NASDAQ:TRS)

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