Tudor Investment Corp ET AL Buys Shares of 243,767 TriMas Corporation $TRS

Tudor Investment Corp ET AL bought a new stake in shares of TriMas Corporation (NASDAQ:TRS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 243,767 shares of the industrial products company’s stock, valued at approximately $9,419,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 in the last quarter. Jane Street Group LLC bought a new stake in TriMas during the 1st quarter valued at $868,000. American Century Companies Inc. raised its position in TriMas by 5.5% during the 2nd quarter. American Century Companies Inc. now owns 90,734 shares of the industrial products company’s stock valued at $2,596,000 after purchasing an additional 4,717 shares in the last quarter. Russell Investments Group Ltd. raised its position in TriMas by 10,260.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 55,326 shares of the industrial products company’s stock valued at $1,583,000 after purchasing an additional 54,792 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in shares of TriMas by 245.5% in the 2nd quarter. Quantbot Technologies LP now owns 41,851 shares of the industrial products company’s stock worth $1,197,000 after acquiring an additional 29,737 shares in the last quarter. 99.42% of the stock is owned by institutional investors.

TriMas Trading Down 0.6%

Shares of NASDAQ:TRS opened at $35.45 on Tuesday. The business’s 50-day moving average is $36.17 and its 200 day moving average is $35.59. TriMas Corporation has a 1 year low of $19.45 and a 1 year high of $42.00. The firm has a market capitalization of $1.30 billion, a P/E ratio of 11.94 and a beta of 0.61. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.52 and a quick ratio of 1.93.

TriMas (NASDAQ:TRS) last announced its earnings results on Thursday, February 26th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The business had revenue of ($139.97) million for the quarter, compared to analyst estimates of $192.96 million. TriMas had a net margin of 11.53% and a return on equity of 12.04%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 earnings per share. On average, research analysts predict that TriMas Corporation will post 1.69 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 27th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, February 27th. TriMas’s payout ratio is presently 5.39%.

Analyst Ratings Changes

Several research firms have recently commented on TRS. Zacks Research lowered TriMas from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. KeyCorp reissued an “overweight” rating and issued a $38.00 price target on shares of TriMas in a research report on Thursday, February 26th. Weiss Ratings lowered TriMas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. Finally, BWS Financial reissued a “buy” rating and issued a $45.00 price target on shares of TriMas in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, TriMas has an average rating of “Hold” 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.