TriMas Co. (NASDAQ:TRS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in TriMas Co. (NASDAQ:TRS - Free Report) by 2.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 947,047 shares of the industrial products company's stock after selling 24,300 shares during the quarter. Geode Capital Management LLC owned approximately 2.33% of TriMas worth $24,183,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Algert Global LLC raised its position in shares of TriMas by 4.2% during the 2nd quarter. Algert Global LLC now owns 15,779 shares of the industrial products company's stock worth $403,000 after acquiring an additional 639 shares in the last quarter. FMR LLC raised its holdings in TriMas by 1.7% during the third quarter. FMR LLC now owns 44,082 shares of the industrial products company's stock worth $1,125,000 after purchasing an additional 729 shares in the last quarter. Rhumbline Advisers lifted its position in shares of TriMas by 1.4% during the 2nd quarter. Rhumbline Advisers now owns 69,328 shares of the industrial products company's stock worth $1,772,000 after buying an additional 985 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of TriMas during the 2nd quarter worth approximately $26,000. Finally, Inspire Investing LLC boosted its holdings in shares of TriMas by 17.4% in the 3rd quarter. Inspire Investing LLC now owns 16,155 shares of the industrial products company's stock valued at $412,000 after buying an additional 2,389 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company's stock.

TriMas Stock Performance

Shares of NASDAQ TRS traded down $0.30 during midday trading on Friday, reaching $24.56. 131,581 shares of the company were exchanged, compared to its average volume of 262,158. The stock has a market cap of $996.45 million, a P/E ratio of 38.38 and a beta of 0.66. TriMas Co. has a 1 year low of $22.45 and a 1 year high of $28.51. The stock has a fifty day simple moving average of $26.27 and a 200 day simple moving average of $25.67. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60.

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

TriMas Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Tuesday, November 5th. TriMas's dividend payout ratio (DPR) is 25.00%.

Analysts Set New Price Targets

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

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.