NewGen Asset Management Ltd Has $1.44 Million Stock Position in TriMas Corporation $TRS

NewGen Asset Management Ltd reduced its stake in TriMas Corporation (NASDAQ:TRS) by 59.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,000 shares of the industrial products company’s stock after selling 59,500 shares during the period. TriMas makes up approximately 0.6% of NewGen Asset Management Ltd’s holdings, making the stock its 18th largest holding. NewGen Asset Management Ltd’s holdings in TriMas were worth $1,438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TRS. AdvisorNet Financial Inc bought a new position in shares of TriMas during the 1st quarter worth approximately $28,000. Los Angeles Capital Management LLC bought a new stake in TriMas in the fourth quarter valued at $29,000. Covestor Ltd grew its position in TriMas by 20,525.0% in the fourth quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 821 shares during the period. Quarry LP acquired a new position in TriMas during the third quarter worth $36,000. Finally, Ball & Co Wealth Management Inc. acquired a new position in TriMas during the fourth quarter worth $35,000. Institutional investors own 99.42% of the company’s stock.

Analyst Ratings Changes

TRS has been the topic of several recent analyst reports. Zacks Research upgraded shares of TriMas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings raised shares of TriMas from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. 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, TriMas presently has an average rating of “Moderate Buy” and a consensus price target of $41.50.

TriMas Stock Performance

NASDAQ:TRS opened at $39.93 on Tuesday. TriMas Corporation has a 1 year low of $29.93 and a 1 year high of $45.42. The firm has a 50 day moving average of $41.17 and a 200-day moving average of $38.14. The company has a current ratio of 4.85, a quick ratio of 4.50 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.43 billion, a P/E ratio of 1.66 and a beta of 0.59.

TriMas (NASDAQ:TRS) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.24). The business had revenue of $168.28 million for the quarter, compared to the consensus estimate of $158.24 million. TriMas had a return on equity of 8.38% and a net margin of 93.79%.The firm’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the company earned $0.46 earnings per share. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. As a group, sell-side analysts anticipate that TriMas Corporation will post 1.67 EPS for the current fiscal year.

TriMas Dividend Announcement

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

Insider Buying and Selling

In other news, Director Herbert K. Parker sold 15,000 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $45.03, for a total transaction of $675,450.00. Following the sale, the director owned 57,762 shares in the company, valued at approximately $2,601,022.86. This represents a 20.62% decrease in their ownership of the stock. The sale 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. Corporate insiders own 17.50% of the company’s stock.

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.