TriMas Corporation $TRS Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its position in shares of TriMas Corporation (NASDAQ:TRS) by 5.4% in the third quarter, Holdings Channel.com reports. The fund owned 296,406 shares of the industrial products company’s stock after buying an additional 15,100 shares during the quarter. First Eagle Investment Management LLC’s holdings in TriMas were worth $11,453,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TRS. Aster Capital Management DIFC Ltd acquired a new position in shares of TriMas in the 3rd quarter valued at about $48,000. State of Alaska Department of Revenue acquired a new position in TriMas during the third quarter valued at approximately $65,000. State of Wyoming purchased a new stake in TriMas during the second quarter worth approximately $65,000. BNP Paribas Financial Markets raised its stake in shares of TriMas by 35.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,319 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 868 shares during the period. Finally, USA Financial Formulas purchased a new position in shares of TriMas in the 3rd quarter valued at $111,000. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TRS shares. Wall Street Zen cut shares of TriMas from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. KeyCorp reaffirmed an “overweight” rating and issued a $38.00 target price on shares of TriMas in a research report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TriMas in a research note on Monday, December 29th. Zacks Research lowered TriMas from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $45.00 price objective on shares of TriMas in a research report on Monday. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, TriMas presently has a consensus rating of “Moderate Buy” and an average target price of $41.50.

TriMas Stock Up 1.0%

Shares of NASDAQ TRS opened at $38.33 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 2.68. TriMas Corporation has a 1 year low of $19.45 and a 1 year high of $42.00. The stock’s 50-day simple moving average is $35.71 and its 200-day simple moving average is $36.01. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 12.91 and a beta of 0.55.

TriMas (NASDAQ:TRS) last issued its quarterly earnings data on Thursday, February 26th. The industrial products company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). TriMas had a net margin of 11.53% and a return on equity of 12.02%. The business had revenue of $155.49 million for the quarter, compared to analyst estimates of $192.96 million. During the same quarter last year, the business earned $0.43 EPS. TriMas’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, equities analysts anticipate that TriMas Corporation will post 1.69 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 27th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, February 27th. TriMas’s payout ratio is 5.39%.

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.