MarketPR
Middle Coast Investing, an investment advisory firm, disclosed in its second-quarter 2026 investor letter that it significantly increased its holdings in TriMas Corporation (NASDAQ: TRS) during the period.
The firm, which has owned the stock for over a year, cited the cyclical recovery of TriMas's gas cylinders unit and the steady growth of its packaging business as key drivers for the addition.
TriMas operates through Packaging and Specialty Products segments, serving consumer products, aerospace and defense, and industrial markets.
The letter notes that TriMas recently sold its aerospace unit, a transaction that reduces the company's enterprise value to approximately $550 million, or $725 million when adjusted for taxes still due.
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