TriMas Corporation $TRS Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC cut its stake in TriMas Corporation (NASDAQ:TRS) by 98.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,923 shares of the industrial products company’s stock after selling 528,448 shares during the period. Pzena Investment Management LLC’s holdings in TriMas were worth $357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 acquiring an additional 1,014 shares during the period. Jane Street Group LLC acquired a new position in TriMas during the first quarter worth $868,000. Jump Financial LLC boosted its position in TriMas by 80.3% during the second 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 in the last quarter. Sei Investments Co. boosted its position in TriMas by 16.7% during the second 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 in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in TriMas by 83.3% in the second quarter. Squarepoint Ops LLC now owns 162,775 shares of the industrial products company’s stock valued at $4,657,000 after purchasing an additional 73,960 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other TriMas news, Director Herbert K. Parker sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $45.03, for a total transaction of $675,450.00. Following the sale, the director directly owned 57,762 shares of the company’s stock, valued at $2,601,022.86. This trade represents 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. 17.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TRS. Zacks Research upgraded TriMas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded shares of TriMas from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $41.50.

TriMas Price Performance

Shares of NASDAQ:TRS opened at $42.01 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 4.50 and a current ratio of 4.85. The business’s fifty day moving average price is $40.67 and its two-hundred day moving average price is $37.66. The stock has a market cap of $1.51 billion, a PE ratio of 1.75 and a beta of 0.59. TriMas Corporation has a one year low of $28.98 and a one year high of $45.42.

TriMas (NASDAQ:TRS) last released 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). The company had revenue of $168.28 million during 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 was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. On average, analysts forecast that TriMas Corporation will post 1.67 EPS for the current fiscal year.

TriMas Dividend Announcement

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

About TriMas

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.