Massachusetts Financial Services Co. MA Sells 94,264 Shares of TriMas Corporation $TRS

Massachusetts Financial Services Co. MA reduced its holdings in TriMas Corporation (NASDAQ:TRS) by 9.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 886,271 shares of the industrial products company’s stock after selling 94,264 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in TriMas were worth $34,246,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in TriMas by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,120 shares of the industrial products company’s stock valued at $565,000 after purchasing an additional 1,014 shares during the period. Jane Street Group LLC acquired a new position in shares of TriMas during the first quarter worth approximately $868,000. Apexium Financial LP bought a new stake in shares of TriMas in the second quarter valued at approximately $243,000. Pzena Investment Management LLC grew its stake in shares of TriMas by 2.0% in the second quarter. Pzena Investment Management LLC now owns 2,177,761 shares of the industrial products company’s stock worth $62,306,000 after acquiring an additional 42,207 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in TriMas during the second quarter worth $1,026,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

Insider Activity at TriMas

In related news, Director Jeffrey A. Fielkow bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was acquired at an average price of $31.46 per share, for a total transaction of $62,920.00. Following the transaction, the director directly owned 17,653 shares of the company’s stock, valued at $555,363.38. This represents a 12.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 14.20% of the stock is owned by company insiders.

TriMas Price Performance

Shares of TriMas stock opened at $34.32 on Friday. The firm has a market cap of $1.40 billion, a P/E ratio of 31.78 and a beta of 0.57. The firm’s 50-day simple moving average is $34.28 and its 200-day simple moving average is $35.33. TriMas Corporation has a twelve month low of $19.33 and a twelve month high of $40.34. 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 (NASDAQ:TRS) last posted its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. The firm had revenue of $269.26 million during the quarter, compared to analyst estimates of $262.05 million. TriMas had a net margin of 4.35% and a return on equity of 12.39%. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. TriMas has set its FY 2025 guidance at 2.020-2.120 EPS. As a group, research analysts expect that TriMas Corporation will post 1.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on TRS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of TriMas in a report on Monday, December 29th. KeyCorp reduced their target price on shares of TriMas from $45.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Zacks Research downgraded TriMas from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Wall Street Zen lowered TriMas from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $45.00 price target on shares of TriMas in a report on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TriMas presently has an average rating of “Moderate Buy” and an average 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.