TriMas Corporation $TRS Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC decreased its holdings in TriMas Corporation (NASDAQ:TRS) by 98.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,923 shares of the industrial products company’s stock after selling 528,448 shares during the quarter. Pzena Investment Management LLC’s holdings in TriMas were worth $357,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TRS. Mariner LLC grew its position in TriMas by 2.2% during the 3rd quarter. Mariner LLC now owns 19,536 shares of the industrial products company’s stock worth $755,000 after purchasing an additional 414 shares during the last quarter. Ellevest Inc. boosted its stake in shares of TriMas by 11.6% during the fourth quarter. Ellevest Inc. now owns 6,418 shares of the industrial products company’s stock worth $228,000 after buying an additional 669 shares during the period. AdvisorNet Financial Inc purchased a new position in shares of TriMas during the first quarter worth about $28,000. Los Angeles Capital Management LLC acquired a new position in TriMas in the 4th quarter valued at about $29,000. Finally, Covestor Ltd increased its position in TriMas by 20,525.0% in the 4th quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 821 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Trading Down 2.9%

NASDAQ TRS opened at $42.01 on Friday. The stock has a market capitalization of $1.51 billion, a P/E ratio of 1.75 and a beta of 0.59. TriMas Corporation has a 52-week low of $28.98 and a 52-week high of $45.42. The firm has a 50-day moving average price of $40.67 and a 200 day moving average price of $37.66. The company has a quick ratio of 4.50, a current ratio of 4.85 and a debt-to-equity ratio of 0.27.

TriMas (NASDAQ:TRS) last released its earnings results on Thursday, April 30th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.24). The business had revenue of $168.28 million for the quarter, compared to analyst estimates of $158.24 million. TriMas had a return on equity of 8.38% and a net margin of 93.79%.The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. Equities research analysts expect that TriMas Corporation will post 1.67 EPS for the current year.

TriMas Dividend Announcement

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

Wall Street Analyst Weigh In

TRS has been the subject of a number of recent research reports. Zacks Research raised TriMas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded TriMas from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.

Insiders Place Their Bets

In other TriMas news, Director Herbert K. Parker sold 15,000 shares of the stock in a transaction 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 completion of 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 legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is owned by corporate insiders.

TriMas 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.