TriMas Co. (NASDAQ:TRS) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in shares of TriMas Co. (NASDAQ:TRS - Free Report) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,145,236 shares of the industrial products company's stock after purchasing an additional 51,701 shares during the period. Allspring Global Investments Holdings LLC owned 7.74% of TriMas worth $80,298,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in shares of TriMas during the 2nd quarter worth about $26,000. Quantbot Technologies LP boosted its position in TriMas by 5.7% during the first quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company's stock worth $239,000 after acquiring an additional 478 shares during the last quarter. Aristides Capital LLC purchased a new stake in TriMas in the 2nd quarter worth approximately $245,000. Algert Global LLC raised its holdings in TriMas by 4.2% in the 2nd quarter. Algert Global LLC now owns 15,779 shares of the industrial products company's stock valued at $403,000 after acquiring an additional 639 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of TriMas by 17.4% during the 3rd quarter. Inspire Investing LLC now owns 16,155 shares of the industrial products company's stock worth $412,000 after purchasing an additional 2,389 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

TriMas Trading Down 1.3 %

Shares of NASDAQ TRS traded down $0.36 on Monday, reaching $27.96. 330,246 shares of the company traded hands, compared to its average volume of 267,959. The stock has a market capitalization of $1.14 billion, a PE ratio of 28.53 and a beta of 0.67. TriMas Co. has a fifty-two week low of $22.45 and a fifty-two week high of $28.51. The company has a current ratio of 2.82, a quick ratio of 1.48 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $25.25 and a 200 day moving average of $25.73.

TriMas (NASDAQ:TRS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.10). The company had revenue of $240.50 million for the quarter, compared to analyst estimates of $238.63 million. TriMas had a return on equity of 9.61% and a net margin of 4.44%. The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the company posted $0.50 EPS. On average, equities research analysts forecast that TriMas Co. will post 1.75 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.16 annualized dividend and a yield of 0.57%. TriMas's dividend payout ratio is presently 16.33%.

Analyst Upgrades and Downgrades

Separately, BWS Financial reaffirmed a "buy" rating and issued a $40.00 price objective on shares of TriMas in a research report on Wednesday, October 9th.

TriMas Company Profile

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.