Alberta Investment Management Corp Invests $16.61 Million in TriMas Corporation $TRS

Alberta Investment Management Corp purchased a new position in TriMas Corporation (NASDAQ:TRS) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 468,400 shares of the industrial products company’s stock, valued at approximately $16,605,000.

Several other hedge funds have also recently modified their holdings of TRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of TriMas by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,120 shares of the industrial products company’s stock worth $565,000 after purchasing an additional 1,014 shares during the period. Jane Street Group LLC purchased a new stake in shares of TriMas in the 1st quarter worth approximately $868,000. Jump Financial LLC lifted its position in shares of TriMas by 80.3% in the 2nd quarter. Jump Financial LLC now owns 72,240 shares of the industrial products company’s stock worth $2,067,000 after purchasing an additional 32,172 shares during the period. Sei Investments Co. lifted its position in shares of TriMas by 16.7% in the 2nd quarter. Sei Investments Co. now owns 101,420 shares of the industrial products company’s stock worth $2,902,000 after purchasing an additional 14,512 shares during the period. Finally, Squarepoint Ops LLC lifted its position in shares of TriMas by 83.3% in the 2nd quarter. Squarepoint Ops LLC now owns 162,775 shares of the industrial products company’s stock worth $4,657,000 after purchasing an additional 73,960 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

TriMas Trading Up 1.1%

NASDAQ:TRS opened at $41.78 on Tuesday. TriMas Corporation has a 52 week low of $26.57 and a 52 week high of $43.72. The firm has a 50 day moving average of $39.11 and a 200 day moving average of $36.76. The company has a quick ratio of 4.50, a current ratio of 4.85 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 1.74 and a beta of 0.60.

TriMas (NASDAQ:TRS) last posted its earnings results on Thursday, April 30th. The industrial products company reported $0.24 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 firm had revenue of $168.28 million for the quarter, compared to analysts’ expectations of $158.24 million. During the same period in the previous year, the company earned $0.46 EPS. The company’s revenue was up 10.3% on a year-over-year basis. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. As a group, sell-side analysts anticipate that TriMas Corporation will post 1.67 earnings per share for the current fiscal year.

TriMas Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Zacks Research raised shares of TriMas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. KeyCorp reaffirmed an “overweight” rating and issued a $38.00 price target on shares of TriMas in a research report on Thursday, February 26th. Weiss Ratings cut shares of TriMas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $45.00 price target on shares of TriMas in a research report on Monday, March 2nd. 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.50.

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.