TriMas Corporation $TRS is Medina Value Partners LLC’s 7th Largest Position

Medina Value Partners LLC decreased its position in TriMas Corporation (NASDAQ:TRS) by 60.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 544,190 shares of the industrial products company’s stock after selling 832,831 shares during the quarter. TriMas comprises 4.9% of Medina Value Partners LLC’s investment portfolio, making the stock its 7th largest holding. Medina Value Partners LLC owned 1.34% of TriMas worth $21,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sei Investments Co. increased its stake in shares of TriMas by 4.9% in the 3rd quarter. Sei Investments Co. now owns 106,438 shares of the industrial products company’s stock worth $4,113,000 after acquiring an additional 5,018 shares during the last quarter. UBS Group AG grew its holdings in TriMas by 243.7% during the 3rd quarter. UBS Group AG now owns 288,466 shares of the industrial products company’s stock worth $11,146,000 after acquiring an additional 204,527 shares during the period. Wakefield Asset Management LLLP acquired a new stake in TriMas in the third quarter worth $1,179,000. BNP Paribas Financial Markets increased its holdings in TriMas by 1,309.2% during the third quarter. BNP Paribas Financial Markets now owns 46,773 shares of the industrial products company’s stock worth $1,807,000 after buying an additional 43,454 shares during the last quarter. Finally, Capital International Investors bought a new stake in shares of TriMas in the third quarter worth about $111,673,000. 99.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TRS has been the subject of a number of research reports. BWS Financial restated a “buy” rating and set a $45.00 price objective on shares of TriMas in a research report on Monday, March 2nd. KeyCorp restated an “overweight” rating and issued a $38.00 target price on shares of TriMas in a report on Thursday, February 26th. Wall Street Zen downgraded TriMas from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TriMas in a report on Monday, December 29th. Finally, Zacks Research lowered TriMas from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.50.

TriMas Price Performance

Shares of TriMas stock opened at $35.35 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.93 and a current ratio of 2.52. TriMas Corporation has a twelve month low of $19.45 and a twelve month high of $42.00. The firm has a market cap of $1.33 billion, a P/E ratio of 11.90 and a beta of 0.55. The firm’s 50-day simple moving average is $35.97 and its 200-day simple moving average is $36.03.

TriMas (NASDAQ:TRS) last released its earnings results on Thursday, February 26th. The industrial products company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of ($139.97) million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 EPS. As a group, research analysts expect that TriMas Corporation will post 1.69 EPS for the current fiscal year.

TriMas Dividend Announcement

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

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.