Barclays PLC Raises Holdings in TriMas Co. (NASDAQ:TRS)

Barclays PLC increased its position in shares of TriMas Co. (NASDAQ:TRS - Free Report) by 341.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,792 shares of the industrial products company's stock after buying an additional 53,203 shares during the quarter. Barclays PLC owned about 0.17% of TriMas worth $1,755,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Western Standard LLC boosted its stake in shares of TriMas by 86.6% during the third quarter. Western Standard LLC now owns 169,069 shares of the industrial products company's stock worth $4,316,000 after buying an additional 78,450 shares during the period. Impax Asset Management Group plc raised its stake in TriMas by 216.4% during the 3rd quarter. Impax Asset Management Group plc now owns 410,000 shares of the industrial products company's stock valued at $10,467,000 after acquiring an additional 280,431 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in TriMas by 1.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145,236 shares of the industrial products company's stock worth $80,298,000 after acquiring an additional 51,701 shares during the period. Jane Street Group LLC grew its stake in shares of TriMas by 74.4% in the 3rd quarter. Jane Street Group LLC now owns 82,621 shares of the industrial products company's stock valued at $2,109,000 after purchasing an additional 35,258 shares during the last quarter. Finally, Atom Investors LP grew its stake in shares of TriMas by 62.0% in the 3rd quarter. Atom Investors LP now owns 179,328 shares of the industrial products company's stock valued at $4,578,000 after purchasing an additional 68,608 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TRS. StockNews.com raised TriMas from a "sell" rating to a "hold" rating in a report on Wednesday, November 13th. BWS Financial restated a "buy" rating and issued a $40.00 target price on shares of TriMas in a research note on Tuesday, November 5th.

TriMas Stock Performance

NASDAQ TRS traded down $0.33 on Friday, hitting $22.79. 278,615 shares of the company's stock were exchanged, compared to its average volume of 246,736. The firm has a market cap of $924.64 million, a price-to-earnings ratio of 35.61 and a beta of 0.67. The firm's 50-day moving average price is $25.53 and its two-hundred day moving average price is $25.51. TriMas Co. has a fifty-two week low of $22.24 and a fifty-two week high of $28.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44.

TriMas (NASDAQ:TRS - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.14). TriMas had a return on equity of 9.21% and a net margin of 2.93%. The business had revenue of $229.36 million for the quarter, compared to analyst estimates of $239.33 million. During the same period in the prior year, the company earned $0.57 EPS. The company's revenue was down 2.5% on a year-over-year basis. On average, research analysts expect that TriMas Co. will post 1.69 EPS for the current year.

TriMas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, November 5th. TriMas's dividend payout ratio (DPR) is 25.00%.

About TriMas

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.