TriMas Corporation $TRS Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. cut its position in TriMas Corporation (NASDAQ:TRS) by 13.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,600 shares of the industrial products company’s stock after selling 14,300 shares during the period. Hillsdale Investment Management Inc.’s holdings in TriMas were worth $3,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its stake in shares of TriMas by 4.1% during the third quarter. Bank of America Corp DE now owns 3,810,233 shares of the industrial products company’s stock worth $147,227,000 after purchasing an additional 150,232 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in TriMas by 3.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,562,028 shares of the industrial products company’s stock valued at $92,976,000 after buying an additional 73,638 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in TriMas in the fourth quarter valued at $55,036,000. Advisory Research Inc. raised its stake in TriMas by 46.0% in the fourth quarter. Advisory Research Inc. now owns 1,096,013 shares of the industrial products company’s stock valued at $38,854,000 after buying an additional 345,425 shares in the last quarter. Finally, Nuveen LLC lifted its holdings in TriMas by 4.3% during the 4th quarter. Nuveen LLC now owns 844,050 shares of the industrial products company’s stock worth $29,922,000 after buying an additional 35,080 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

TriMas Trading Down 0.6%

NASDAQ TRS opened at $40.39 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.85 and a quick ratio of 4.50. The firm’s fifty day moving average price is $41.26 and its 200 day moving average price is $38.04. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 1.68 and a beta of 0.59. TriMas Corporation has a 12 month low of $29.07 and a 12 month high of $45.42.

TriMas (NASDAQ:TRS) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.24 earnings per share 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 company had revenue of $168.28 million during the quarter, compared to analysts’ expectations of $158.24 million. During the same period last year, the firm earned $0.46 earnings per share. TriMas’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. On average, sell-side analysts expect that TriMas Corporation will post 1.67 earnings per share for the current fiscal year.

TriMas Dividend Announcement

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

Insider Buying and Selling at TriMas

In other news, Director Herbert K. Parker sold 15,000 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 57,762 shares of the company’s stock, valued at approximately $2,601,022.86. The trade was a 20.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TRS. Weiss Ratings raised TriMas from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Zacks Research upgraded TriMas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. 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, the stock has an average rating of “Moderate Buy” and an average price target of $41.50.

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.